Plan Ledger DOL Form 5500 · updated monthly

Tri Rinse Inc401(k)

TRI RINSE, INC. 401(K) PROFIT SHARING PLAN · ST LOUIS, MO · plan year 2023

Reported admin expense ratio · 2023
1.13%

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

Tri Rinse Inc reported $49,681 in plan administrative expenses for 2023: 1.13% of average plan assets, higher than ~75% of peers. Employer contributions averaged $562 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 2 years on file its reported administrative ratio rose from 1.06% to 1.44%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other wholesale trade employers. By assets it is among the smaller plans on file in Missouri (1,084th of 1,393), and 3,632nd of 4,246 in wholesale trade. In 2023, employees put in $7.01 for every $1.00 the employer contributed; active participation has grown from 130 to 189 since 2022.

Plan summary
Net assets, end of year$5,028,588
Participants with balances224
Active participants189
Employer contributions$106,132
Employee contributions$744,053
Employer contribution per active participant$562
Average account balance$22,449
Benefits paid to participants$347,373
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$4.6M · 221 accts · $127K emplr
2023$5.0M · 224 accts · $106K emplr
2022$3.8M · 147 accts · $94K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$34,330
Investment management$15,351
Total administrative$49,681
The Tri Rinse Inc 401(k) match · 2023
Employer contribution per active participant$562
Median for plans this size$1,308
2024$703 per active participant
2023$562 per active participant
2022$725 per active participant

Tri Rinse Inc's 2023 employer contribution ran below the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
ADP, INC. · Loan processing · Recordkeeping$34,329
MONETA GROUP LLC · Recordkeeping · Trustee$15,351
ADP BROKER-DEALERindirect comp

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024ADP, MONETA GROUP LLC
2023ADP, MONETA GROUP LLC

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Administrative cost history3
2024$69,404 · 1.44%
2023$49,681 · 1.13%
2022$42,264 · 1.06%
Same employer
Similar plansWholesale Trade · Missouri
Store Supply Warehouse MO$5.7M · 0.60%
Kirkwood Pharmacy Group MO$5.1M · 0.93%
U.S. Toy Co., Inc. MO$5.1M · 0.64%
Home Service Oil Company MO$4.1M · 0.31%
Paris Brothers, Inc. MO$4.0M · 1.10%
Semco Distributing, Inc. MO$3.2M · 0.50%

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Source: U.S. Department of Labor, Form 5500 series, EIN 431595294 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.