Running Supply, Inc. 401(k) Review & Grade
Running Supply, Inc. 401(k) Profit Sharing Plan
Marshall, MNRetail Trade1,936 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$450Employer $ per active participant
$828Employee $ saved per active participant
0.33%Direct admin cost, % of plan assets
$31.6MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity16.9 / 5034th percentile for employer $ per participant
- Low cost9.4 / 2537th percentile for low admin cost vs. same-size plans
- Employee saving1.7 / 1512th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score31 / 100 · Grade D
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 34th |
| Lower admin cost | 37th |
| Employee saving | 12th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Running Supply put in about $450 per active participant, below the typical peer ($743). 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.
- 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 | $870,894 |
| Participant (employee) contributions | $1,603,094 |
| Other contributions (incl. rollovers in) | $205,313 |
| Administrative expenses paid from the plan | $97,377 |
| Contract administrator fees | $97,377 |
| Benefits paid out | $2,922,704 |
| Net assets, start / end of year | $28.1M / $31.6M |
| Active participants, start / end of year | 1,920 / 1,951 |
| Participants with account balances | 586 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Hoffman & Brobst, Pllp |
Largest service providers (Schedule C)
| Milliman, Inc. | $109,782 reported compensation |
| Charles Schwab Trust Bank | $21,192 reported compensation |
| Charles Schwab & Co., Inc. | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250729110557NAL0001263203001, received 2025-07-29, EIN 41-1000882, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.