Minnesota › Professional, scientific and technical services › 100 to 249 participants
Form 5500 statement · plan year 1 Oct 2024 to 30 Sep 2025
Redpath and Company, Ltd. Employee Stock Ownership Plan
Sponsored by Redpath and Company Ltd., ST Paul, MN
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. Form 5500 contains no individual account balances. Look up the original filing at EFAST2.
In the plan year ending 30 Sep 2025, Redpath and Company, Ltd. Employee Stock Ownership Plan covered 111 participants and held $2.2M in net assets. The plan is an employee stock ownership plan sponsored by Redpath and Company Ltd. of ST Paul, Minnesota.
Net assets came to $20,043 per participant, well below the $60,185 median for defined contribution plans with 100 to 249 participants and well below the $73,951 median for defined contribution plans in professional, scientific and technical services. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
The employer contributed $0 during the year, or $0 per active participant against a same-size median of $2,447; participants contributed —. Benefits paid out totalled $8.5M.
The filing reports no service provider compensation on Schedule C. That is common where fees are paid by the employer or taken from investment returns, neither of which appears there. Administrative expenses charged to the plan were $60K.
Across the filings on record, net assets went from $10.3M in 2018 to $2.2M in 2024 (down 78%), and participants from 128 to 111 (down 13%).
The independent accountant's opinion on the financial statements was unmodified (unqualified).
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DC plans |
|---|---|---|---|---|
| Net assets per participant | $20,043 | $60,185 | $73,951 | $53,102 |
| Employer contributions per active participant | $0 | $2,447 | $3,219 | $2,175 |
| Schedule C compensation per participant | — | $194 | $148 | $123 |
| Schedule C compensation, share of net assets | — | 0.32% | 0.22% | 0.26% |
| Administrative expenses per participant | $540 | $176 | $140 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 100 to 249 participants (21,996 plans), professional, scientific and technical services (9,776) and all US plans (63,460). Fee medians cover plans that report an amount.
Trend by plan year
| Plan year | Participants | Net assets | Per participant | Employer contributions | Participant contributions | Schedule C compensation |
|---|---|---|---|---|---|---|
| 2024 | 111 | $2.2M | $20,045 | $0 | — | $0 |
| 2023 | 111 | $10.6M | $95,333 | $0 | — | $0 |
| 2022 | 131 | $10.5M | $80,435 | $600K | — | $0 |
| 2021 | 149 | $13.2M | $88,336 | $200K | — | $0 |
| 2020 | 144 | $12.8M | $88,882 | $1.0M | — | $0 |
| 2019 | 136 | $11.2M | $82,301 | $600K | — | $0 |
| 2018 | 128 | $10.3M | $80,227 | $600K | — | $0 |
| 2017 | 121 | — | — | — | — | — |
| 2016 | 115 | — | — | — | — | — |
| 2015 | 108 | — | — | — | — | — |
| 2014 | 105 | — | — | — | — | — |
Years in which the plan filed the full Form 5500 with 100 or more participants, from 2009. Plan year is the year in which the plan year began.
Statement for the year
- Net assets, beginning of year$10,582,019
- Employer contributions$0
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$0
- Total income, including investment results$172,771
- Benefits paid$8,470,134
- Administrative expenses$59,895
- Total expenses$8,530,029
- Net income−$8,357,258
- Net transfers$0
- Net assets, end of year$2,224,761
Participants
- Active participants93
- Retired or separated, receiving benefits0
- Retired or separated, entitled to future benefits18
- Participants with account balances111
- Total participants, end of year111
Fees and service providers
No service provider organisations are listed on Schedule C for this plan year.
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. Individuals named on Schedule C (plan employees, individual trustees) are never shown and their compensation is excluded. Eligible indirect compensation disclosed by formula carries no dollar amount. See how to read Schedule C fees.
Administrative expenses on Schedule H
- Investment advisory and management fees$59,895
- Total administrative expenses$59,895
Investment structure
Assets at year end by Schedule H category. The form shows the kind of vehicle holding the money, not the funds on the menu.
- Registered investment companies (mutual funds)$1.8M · 82.4%
- Employer securities$392K · 17.6%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmKernutt Stokes LLP
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $1,000,000
- Blackout period during the yearNo
These are the plan administrator's own answers on Schedule H, Part IV. A reported late transmittal is the filer's disclosure of a timing lapse, usually corrected through the Department of Labor's voluntary program; the amount is the total involved, not a loss.
Plan characteristics
2EProfit-sharing plan2FERISA section 404(c) plan2OESOP other than a leveraged ESOP2QThe employer maintaining this ESOP is an S corporation3IPlan requiring that all or part of employer contributions be invested and held in employer securities
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 541211: Offices of Certified Public Accountants.
Other plans of Redpath and Company Ltd.
| Plan | Participants | Net assets |
|---|---|---|
| Redpath and Company, Ltd. 401(k) Profit Sharing Plan | 275 | $31.2M |
Similar plans in Minnesota
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Logic Information Systems 401(k) Plan | Logic Information Systems | 112 | $11.4M | $101,685 |
| Chestnut Cambronne PA 401(k) Plan | Chestnut Cambronne PA | 100 | — | — |
| Era Retirement Savings Plan | Ericksen, Roed & Associates, Inc. DBA Era Structural Engineering | 113 | — | — |
| SPACE150 401(k) Retirement Plan | SPACE150 | 114 | $13.8M | $120,672 |
| Razr Marketing, Inc. Profit Sharing Plan | Razr Marketing, Inc. | 117 | $7.9M | $67,787 |
| Columbus 401(k) Plan | Columbus US, Inc. | 118 | $12.7M | $107,724 |
Defined contribution plans in professional, scientific and technical services closest in size.
Questions and answers
How big is Redpath and Company, Ltd. Employee Stock Ownership Plan?
111 participants at the end of the plan year ending 30 Sep 2025, of whom 93 were active employees, with net assets of $2,224,761. Among defined contribution plans that places it in the 100 to 249 participants band, which held 21,996 plans in plan year 2024.
What does Redpath and Company Ltd. contribute per participant?
The filing reports $0 in employer contributions for the year, which is $0 per active participant; the median for plans of the same type and size was $2,447 in plan year 2024. Form 5500 reports the total only. It does not state the match formula, and the per-participant figure is an average, not any one person's contribution.
What fees does the plan pay and how do they compare?
Schedule C reports no provider compensation for the year. Administrative expenses on Schedule H were $59,895. Investment costs deducted inside mutual funds and other pooled vehicles are not itemised on Form 5500, so these figures are a floor rather than a full cost.
Who runs the plan?
The sponsor is Redpath and Company Ltd.. The financial statements were audited by Kernutt Stokes LLP. Form 5500 also names the plan administrator's signer and other individuals; this site publishes organisations only.
Was the audit opinion unqualified?
The filing reports an unmodified (unqualified) opinion. Unmodified (formerly "unqualified") is the standard clean opinion.
How current is this, and does it show my balance?
This is the Form 5500 for the plan year 1 Oct 2024 to 30 Sep 2025, received by the Department of Labor on 14 Mar 2026. Filings are due seven months after the plan year ends, or nine and a half with an extension, so the public record always runs a year or more behind. It contains plan-level totals only: no individual balances, contributions or names of participants exist in the data.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files (Form 5500, Schedule H, Schedule C) for plan years 2009 to 2025, public domain, with filings received through 24 Aug 2026. This page shows the latest filing on record for EIN 41-0975573, plan 002, received 14 Mar 2026; an amended filing replaces it at the next build. Medians and percentiles are computed by this site; see the methodology. Report an error through corrections.