Employers › RGC Resources
Recordkeeping fees per participant · Employees' 401(k) Plan of RGC Resources, Inc. · plan year 2024
$68.53
Higher than 44% of the 14,075 plans $10 to 50M that report it.
= $9,526 / 139
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251009090136NAL0015074770001, received 2025-10-09
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251009090136NAL0015074770001, received 2025-10-09
Percentiles compare this plan with the Schedule H plans $10 to 50M in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-10-09.
Administrative expenses excluding investment management, per participant
$164.86
Higher than 65% of the 24,371 plans $10 to 50M that report it.
= $22,916 / 139
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251009090136NAL0015074770001, received 2025-10-09
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251009090136NAL0015074770001, received 2025-10-09
Administrative expenses per participant
$164.86
Higher than 42% of the 25,098 plans $10 to 50M that report it.
= $22,916 / 139
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251009090136NAL0015074770001, received 2025-10-09
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251009090136NAL0015074770001, received 2025-10-09
Administrative expenses as a share of assets
0.101%
Higher than 21% of the 25,132 plans $10 to 50M that report it.
= $22,916 / $22,607,568
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251009090136NAL0015074770001, received 2025-10-09
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251009090136NAL0015074770001, received 2025-10-09
Employer contributions per participant
$3,939
Higher than 84% of the 24,050 plans $10 to 50M that report it.
= $547,501 / 139
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251009090136NAL0015074770001, received 2025-10-09
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251009090136NAL0015074770001, received 2025-10-09
Employer share of total contributions
42.4%
Higher than 87% of the 24,084 plans $10 to 50M that report it.
= $547,501 / $1,290,474
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251009090136NAL0015074770001, received 2025-10-09
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251009090136NAL0015074770001, received 2025-10-09
Employer match
“The Company matches 100% of the participant’s first 4% of contributions and 50% of the next 2% of contributions.”
Form 10-K filed 2025-12-04, for the year ended 2025-09-30 · benefits note, 10-K benefits note · source document
Terms quoted from the filing for the year ended 2025-09-30. Figures cover plan year 2024. The plan document governs.
2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2S pre-approved plan document · 2T default investment (QDIA) · 3D IRS pre-approved plan · 3H controlled-group sponsor · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20251009090136NAL0015074770001, received 2025-10-09
| Field | Value | Source |
|---|---|---|
| Plan sponsor | RGC RESOURCES, INC. | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20251009090136NAL0015074770001, received 2025-10-09 |
| Plan name | EMPLOYEES' 401K PLAN OF RGC RESOURCES, INC. | Form 5500, line 1a; PLAN_NAME pos 16; filing 20251009090136NAL0015074770001, received 2025-10-09 |
| Sponsor EIN / plan number | 54-1909697 / 001 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20251009090136NAL0015074770001, received 2025-10-09 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20251009090136NAL0015074770001, received 2025-10-09 |
| Sponsor location | ROANOKE, VA | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20251009090136NAL0015074770001, received 2025-10-09 |
| Industry (business code) | 221210, Utilities | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20251009090136NAL0015074770001, received 2025-10-09 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20251009090136NAL0015074770001, received 2025-10-09 |
| Filing received | 2025-10-09 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20251009090136NAL0015074770001, received 2025-10-09 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20251009090136NAL0015074770001, received 2025-10-09 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20251009090136NAL0015074770001, received 2025-10-09 |
| Participants, beginning of year | 164 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20251009090136NAL0015074770001, received 2025-10-09 |
| Active participants | 105 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20251009090136NAL0015074770001, received 2025-10-09 |
| Participants, end of year | 145 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20251009090136NAL0015074770001, received 2025-10-09 |
| Participants with an account balance | 139 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251009090136NAL0015074770001, received 2025-10-09 |
| Total assets, beginning of year | $22,983,132 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20251009090136NAL0015074770001, received 2025-10-09 |
| Total assets, end of year | $22,607,568 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251009090136NAL0015074770001, received 2025-10-09 |
| Net assets, end of year | $22,607,568 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20251009090136NAL0015074770001, received 2025-10-09 |
| Total income | $3,708,661 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20251009090136NAL0015074770001, received 2025-10-09 |
| Net income | $-375,564 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20251009090136NAL0015074770001, received 2025-10-09 |
| Employer contributions | $547,501 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251009090136NAL0015074770001, received 2025-10-09 |
| Participant contributions | $742,973 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20251009090136NAL0015074770001, received 2025-10-09 |
| Total contributions | $1,290,474 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251009090136NAL0015074770001, received 2025-10-09 |
| Benefit payments | $4,061,309 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20251009090136NAL0015074770001, received 2025-10-09 |
| Total expenses (incl. benefit payments) | $4,084,225 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20251009090136NAL0015074770001, received 2025-10-09 |
| Total administrative expenses | $22,916 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251009090136NAL0015074770001, received 2025-10-09 |
| Contract administrator fees | $12,716 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20251009090136NAL0015074770001, received 2025-10-09 |
| Recordkeeping fees | $9,526 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251009090136NAL0015074770001, received 2025-10-09 |
| Administrative expenses excluding investment management | $22,916 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251009090136NAL0015074770001, received 2025-10-09 |
| Held in common/collective trusts | $2,431,831 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20251009090136NAL0015074770001, received 2025-10-09 |
| Held in mutual funds | $19,862,820 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20251009090136NAL0015074770001, received 2025-10-09 |
| Independent auditor | BROWN, EDWARDS & COMPANY, L.L.P. | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20251009090136NAL0015074770001, received 2025-10-09 |
Position = column in the DOL layout for form year 2024. Filing 20251009090136NAL0015074770001, received 2025-10-09.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANYrecordkeeper | CONTRACT ADMINISTRATOR | 13 Contract administrator; 37 Participant loan processing; 50 Direct payment from the plan; 64 Recordkeeping fees | $12,716 | yes |
| FIDELITY INVESTMENTS INSTITUTIONALrecordkeeper | RECORDKEEPER | 37 Participant loan processing; 64 Recordkeeping fees; 65 Account maintenance fees | $9,526 | yes |
| STRATEGIC ADVISORS | ADVISOR | 27 Investment advisory (plan) | $674 | no |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20251009090136NAL0015074770001, received 2025-10-09.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $22,983,132 | $22,607,568 | -1.6% |
| Participants with a balance | 153 | 139 | -9.2% |
| Administrative expenses | $31,719 | $22,916 | -27.8% |
| Recordkeeping fees per participant | not reported | $68.53 | |
| Employer contributions | $486,633 | $547,501 | 12.5% |
Prior filing 20240909090438NAL0002284435001, received 2024-09-09; the plan years are contiguous.
Sponsor name as filed: RGC RESOURCES, INC.; SEC registrant: RGC RESOURCES INC (CIK 1069533, matched by EIN; display name from the Form 10-K cover).