Plan Snapshot
- Plan Sponsor: Riley Industrial Services, INC.
- Sponsor EIN: 850393722
- Sponsor Address: 2615 SAN JUAN BLVD, FARMINGTON, NM, 87401
- Plan Type: 401(k)
- Total Participants: 319
- Total Assets: $9.9M
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 | 319 | $9.9M | $73,089 | $568,793 |
| 2023 | 333 | $11.0M | $564,010 | $380,148 |
| 2022 | 339 | $6.5M | $49,715 | $345,184 |
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 |
|---|---|---|---|---|
| CHANDLER & COMPANY LLP | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $50,640 | $28,805 | — | — | — |
| 2023 | $41,258 | — | — | — | — |
| 2022 | $3,490 | — | $3,490 | — | — |