Plan Ledger DOL Form 5500 · updated monthly

The Redland Company, Inc.401(k)

THE REDLAND COMPANY, INC. 401(K) PLAN · HOMESTEAD, FL · plan year 2024

Reported admin expense ratio · 2024
0.84%

Peer grade: D · admin costs + employer contributions vs same-size plans · how grading works

The Redland Company, Inc. reported $38,082 in plan administrative expenses for 2024: 0.84% of average plan assets, higher than ~75% of peers. Employer contributions averaged $225 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 3 years on file its reported administrative ratio has held roughly steady near 0.84%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in Florida (2,527th of 3,644), and 4,033rd of 5,337 in construction. In 2024, employees put in $7.70 for every $1.00 the employer contributed; active participation has grown from 123 to 179 since 2022.

Plan summary
Net assets, end of year$4,808,338
Participants with balances100
Active participants179
Employer contributions$40,325
Employee contributions$310,667
Employer contribution per active participant$225
Average account balance$48,083
Benefits paid to participants$181,623
Plan auditUnmodified (clean) audit opinion
AuditorKSDT & CO. OR KABAT, SCHERTZER, DE
Plan history3
Yearassets · accounts · employer contribution
2024$4.8M · 100 accts · $40K emplr
2023$4.2M · 103 accts · $51K emplr
2022$3.5M · 105 accts · $60K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$37,200
Investment management$882
Total administrative$38,082
The The Redland Company, Inc. 401(k) match · 2024
Employer contribution per active participant$225
Median for plans this size$1,313
2024$225 per active participant
2023$423 per active participant
2022$488 per active participant

The Redland Company, Inc.'s 2024 employer contribution ran below the $1,313 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history3
2024$38,082 · 0.84%
2023$32,200 · 0.83%
2022$32,314 · 0.81%
Same employer
Similar plansConstruction · Florida
Reliable Doors, LLC FL$4.9M · 0.06%
A. J. Johns, Inc. FL$4.9M · 0.36%
Goff Communications, Inc. FL$4.7M · 1.01%
Odc Construction, LLC FL$4.7M · 1.22%
Pcs Civil, Inc. FL$4.6M · 0.23%

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Source: U.S. Department of Labor, Form 5500 series, EIN 650145059 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.