Plan Ledger DOL Form 5500 · updated monthly

The Ridge Company, Inc.401(k)

THE RIDGE COMPANY EMPLOYEES' PROFIT SHARING PLAN · SOUTH BEND, IN · plan year 2022

Reported admin expense ratio · 2022
0.66%

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

The Ridge Company, Inc. reported $43,523 in plan administrative expenses for 2022: 0.66% of average plan assets, above the peer median. Employer contributions averaged $236 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Indiana (1,097th of 1,562), and 3,449th of 5,215 in retail trade. In 2022, employees put in $7.38 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$6,183,044
Participants with balances149
Active participants176
Employer contributions$41,578
Employee contributions$306,883
Employer contribution per active participant$236
Average account balance$41,497
Benefits paid to participants$342,938
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2023$0 · $19K emplr
2022$6.2M · 149 accts · $42K emplr
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$43,523
Total administrative$43,523
The The Ridge Company, Inc. 401(k) match · 2022
Employer contribution per active participant$236
Median for plans this size$1,114

The Ridge Company, Inc.'s 2022 employer contribution ran below the $1,114 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history2
2023Not separately reported
2022$43,523 · 0.66%
Same employer
Similar plansRetail Trade · Indiana
Qumpus, Inc. IN$6.7M · 0.52%
Slingshot, LP IN$6.5M · 0.79%
Gillman, Inc. IN$6.2M · 0.58%

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Source: U.S. Department of Labor, Form 5500 series, EIN 350850205 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.