Plan Snapshot
- Plan Sponsor: Ramaco Resources, INC.
- Sponsor EIN: 384018838
- Sponsor Address: 250 WEST MAIN STREET, SUITE 1900,, LEXINGTON, KY, 40507
- Plan Type: 401(k)
- Total Participants: 958
- Total Assets: $28.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 958 | $28.5M | $3.3M | $5.4M |
| 2023 | 816 | $19.0M | $2.3M | $4.4M |
| 2022 | 720 | $11.5M | $1.1M | $3.3M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY O | Recordkeeper | $239,741 | — | $239,741 |
| LPL FINANCIAL LLC | Investment Advisor | — | $81,990 | $81,990 |
| LEAFHOUSE FINANCIAL ADVISORS, LLC | Investment Advisor | $12,049 | — | $12,049 |
| EMPOWER ADVISORY GROUP, LLC | Investment Advisor | $11,800 | — | $11,800 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- LPL FINANCIAL LLC — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $345,580
- Estimated Expense Ratio: 1.212% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $263,590 | $23,849 | — | — | — |
| 2023 | $167,623 | $15,299 | — | — | — |
| 2022 | $121,814 | — | $121,814 | — | — |