Ramaco Resources, Inc. 401(k) Review & Grade
Ramaco Resources, Inc. 401(k) Plan
Lexington, KYMining, Oil & Gas900 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,628Employer $ per active participant
$6,007Employee $ saved per active participant
1.11%Direct admin cost, % of plan assets
$28.5MNet plan assets, end of year
$30,405Average balance per account
Score breakdown
- Employer generosity20.3 / 5041th percentile for employer $ per participant
- Low cost1.3 / 255th percentile for low admin cost vs. same-size plans
- Employee saving5.6 / 1538th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score20 / 100 · Grade F
This plan vs. peers
Peers: Mining, Oil & Gas plans with 500–2,499 active participants (129 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 41th |
| Lower admin cost | 5th |
| Employee saving | 38th |
| Peers that auto-enroll | 60% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($2,651 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Ramaco Resources put in about $3,628 per active participant, below the typical peer ($4,357). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Direct plan expenses (1.11% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $3,265,187 |
| Participant (employee) contributions | $5,406,644 |
| Other contributions (incl. rollovers in) | $740,272 |
| Administrative expenses paid from the plan | $263,590 |
| Investment advisory & management fees | $23,849 |
| Benefits paid out | $3,382,913 |
| Net assets, start / end of year | $19.0M / $28.5M |
| Active participants, start / end of year | 842 / 958 |
| Participants with account balances | 938 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Brown, Edwards and Company, LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $239,741 reported compensation |
| LPL Financial LLC | $81,990 reported compensation |
| Leafhouse Financial Advisors, LLC | $12,049 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250923121938NAL0014750754001, received 2025-09-23, EIN 38-4018838, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.