Plan Ledger DOL Form 5500 · updated monthly

Van Eaton Ready Mix, Inc.401(k)

VAN EATON READY MIX 401(K) PLAN · SHAWNEE, OK · plan year 2024

Reported admin expense ratio · 2024
1.47%

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

Van Eaton Ready Mix, Inc. reported $68,410 in plan administrative expenses for 2024: 1.47% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,061 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 1.26% to 1.47%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Oklahoma (528th of 724), and 10,910th of 13,661 in manufacturing. In 2024, employees put in $2.02 for every $1.00 the employer contributed; active participation has grown from 258 to 486 since 2022.

Plan summary
Net assets, end of year$5,555,828
Participants with balances327
Active participants486
Employer contributions$515,877
Employee contributions$1,044,076
Employer contribution per active participant$1,061
Average account balance$16,990
Benefits paid to participants$246,325
Plan auditUnmodified (clean) audit opinion
AuditorMURET CPA, PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$5.6M · 327 accts · $516K emplr
2023$3.7M · 197 accts · $362K emplr
2022$2.6M · 167 accts · $249K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$45,167
Investment management$23,243
Total administrative$68,410
The Van Eaton Ready Mix, Inc. 401(k) match · 2024
Employer contribution per active participant$1,061
Median for plans this size$1,313
2024$1,061 per active participant
2023$2,382 per active participant
2022$964 per active participant

Van Eaton Ready Mix, Inc.'s 2024 employer contribution ran below the $1,313 median for plans its size. 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.

Service providers · 20243
JOHN HANCOCK LIFE INSURANCE COMPANY · Recordkeeping · Investment management$2,444
ACCESS FINANCIAL RESOURCES INC · Investment advisory (participants)$22,349
WILSHIRE ASSOCIATES INC (U.S.A) · Investment advisory (participants)$894

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$68,410 · 1.47%
2023$45,267 · 1.42%
2022$31,760 · 1.26%
Same employer
Similar plansManufacturing · Oklahoma
Fabsco Shell and Tube LLC OK$5.7M · 0.38%
Mercer Valve Co., Inc. OK$5.4M · 0.65%
Griffin Holdings, Inc. OK$5.4M · 0.47%
Tcfi Pf LLC OK$5.1M · 1.00%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 731546367 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.