RK Industries, LLC 401(k) Review & Grade
RK Industries, LLC Salary Savings Plan
Denver, COConstruction1,289 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,804Employer $ per active participant
$3,886Employee $ saved per active participant
0.14%Direct admin cost, % of plan assets
$66.6MNet plan assets, end of year
$64,444Average balance per account
Score breakdown
- Employer generosity26.9 / 5054th percentile for employer $ per participant
- Low cost16.0 / 2564th percentile for low admin cost vs. same-size plans
- Employee saving7.3 / 1548th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score50 / 100 · Grade C
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 54th |
| Lower admin cost | 64th |
| Employee saving | 48th |
| Peers that auto-enroll | 44% |
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Red flags from the filing
Corrective distributions: the plan refunded $12 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- RK Industries put in about $1,804 per active participant, more than the typical peer ($1,672). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- 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 | $2,324,985 |
| Participant (employee) contributions | $5,008,652 |
| Other contributions (incl. rollovers in) | $853,487 |
| Administrative expenses paid from the plan | $91,231 |
| Contract administrator fees | $300 |
| Benefits paid out | $9,243,256 |
| Net assets, start / end of year | $59.7M / $66.6M |
| Active participants, start / end of year | 1,205 / 1,373 |
| Participants with account balances | 1,034 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Wipfli, LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $91,231 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251006171446NAL0007015216001, received 2025-10-06, EIN 84-1348907, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.