Plan Ledger DOL Form 5500 · updated monthly

Rize Home LLC401(k)

RIZE HOME'S 401(K) PLAN · SOLON, OH · plan year 2024

Reported admin expense ratio · 2024
0.48%

Peer grade: C+ · admin costs + employer contributions vs same-size plans · how grading works

Rize Home LLC reported $78,975 in plan administrative expenses for 2024: 0.48% of average plan assets, higher than ~75% of peers. Employer contributions averaged $3,079 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio rose from 0.05% to 0.48%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 1,472nd-largest of 3,295 plans among Ohio employers on file, and the 6,523rd of 13,661 in manufacturing. In 2024, employees put in $1.66 for every $1.00 the employer contributed; active participation has shrunk from 108 to 96 since 2022.

Plan summary
Net assets, end of year$17,229,776
Participants with balances220
Active participants96
Employer contributions$295,595
Employee contributions$489,887
Employer contribution per active participant$3,079
Average account balance$78,317
Benefits paid to participants$1,743,529
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$17.2M · 220 accts · $296K emplr
2023$15.8M · 253 accts · $349K emplr
2022$3.0M · 79 accts · $198K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$78,975
Total administrative$78,975
The Rize Home LLC 401(k) match · 2024
Employer contribution per active participant$3,079
Median for plans this size$2,416
2024$3,079 per active participant
2023$2,526 per active participant
2022$1,838 per active participant

Rize Home LLC's 2024 employer contribution ran above the $2,416 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
PLANCORP, LLC · Investment advisory (plan)$49,749
VANGUARD$24,063
BENEFIT PLANS PLUS · Contract administrator$7,175

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$78,975 · 0.48%
2023$34,033 · 0.36%
2022$1,618 · 0.05%
Same employer
Similar plansManufacturing · Ohio
R. G. Barry Corporation OH$17.3M · 0.16%
Forge Biologics, Inc. OH$17.3M · 0.22%
Bear Diversified Inc. OH$17.2M · 0.62%
I.D. Images, LLC OH$17.2M · 0.28%
Mwgh LLC OH$17.2M · 0.42%
Weaver Leather LLC OH$17.2M · 0.35%
Feldkamp Enterprises, Inc. OH$17.2M · 0.33%

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Source: U.S. Department of Labor, Form 5500 series, EIN 340768831 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.