Plan Snapshot
- Plan Sponsor: Ritchie Bros. Auctioneers America, INC
- Sponsor EIN: 911830835
- Sponsor Address: P.O. BOX 6429, LINCOLN, NE, 68516
- Plan Type: 401(k)
- Total Participants: 1,675
- Total Assets: $2.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2023 | 1,675 | $2.9M | $3.5M | $10.4M |
| 2022 | 1,431 | $101.7M | $3.0M | $8.2M |
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 |
|---|---|---|---|---|
| MESIROW FINANCIAL, INC. | Investment Advisor | — | $116,666 | $116,666 |
| FLEX-PLAN RETIREMENT SERVICES | Other Service Provider | — | $115,690 | $115,690 |
| BENSLER, LLC | Other Service Provider | — | $83,334 | $83,334 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MESIROW FINANCIAL, INC. — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $315,690
- Estimated Expense Ratio: 10.724% 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 |
|---|---|---|---|---|---|
| 2023 | $349,462 | $100,000 | — | — | — |
| 2022 | $233,125 | — | $233,125 | — | — |