Plan Snapshot
- Plan Sponsor: Ridg-U-Rak INC
- Sponsor EIN: 251413734
- Sponsor Address: 120 S LAKE ST, NORTH EAST, PA, 164281232
- Plan Type: 401(k)
- Total Participants: 187
- Total Assets: $7.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 187 | $7.6M | $336,934 | $405,203 |
| 2023 | 192 | $6.8M | $231,756 | $311,879 |
| 2022 | 204 | $5.7M | $218,218 | $309,781 |
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 |
|---|---|---|---|---|
| PAYCHEX, INC. | RECORDKEEPER | $17,540 | — | $17,540 |
| CFM ADVISORS INC | ADVISOR | $7,380 | — | $7,380 |
| SCHAFFNER, KNIGHT, MINNAUGH & CO. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- PAYCHEX, INC. — RECORDKEEPER
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $24,920
- Estimated Expense Ratio: 0.327% 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 | $24,920 | $7,380 | $16,940 | — | — |
| 2023 | $21,245 | $6,012 | $14,373 | — | — |
| 2022 | $32,055 | $6,375 | $17,602 | — | — |