Plan Ledger DOL Form 5500 · updated monthly

Rad Power Bikes, LLC401(k)

RAD POWER BIKES 401(K) PLAN · SEATTLE, WA · plan year 2023

Reported admin expense ratio · 2023
0.94%

Rad Power Bikes, LLC reported $44,529 in plan administrative expenses for 2023: 0.94% of average plan assets, higher than ~75% of peers. 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 fell from 1.47% to 1.14%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other wholesale trade employers. By assets it is among the smaller plans on file in Washington (1,336th of 1,714), and 3,604th of 4,246 in wholesale trade. active participation has shrunk from 324 to 181 since 2022.

Plan summary
Net assets, end of year$5,213,363
Participants with balances185
Active participants181
Employer contributions—
Employee contributions$1,053,332
Employer contribution per active participant—
Average account balance$28,180
Benefits paid to participants$1,460,021
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$5.0M · 148 accts
2023$5.2M · 185 accts
2022$4.3M · 271 accts · $821K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$26,328
Investment management$18,201
Total administrative$44,529
What these fees cost you

Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$26,314
GLOBAL RETIREMENT PARTNERS LLC · Investment advisory (plan)$13,631

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$58,308 · 1.14%
2023$44,529 · 0.94%
2022$57,674 · 1.47%
Same employer
Similar plansWholesale Trade · Washington
Foundation Fitness LLC WA$7.3M · 0.28%
Synology America Corp. WA$6.3M · 0.50%
Architectural Woods, L.P. WA$5.9M · 0.23%
Binford Metals L.L.C. WA$5.8M · 0.71%
Westbay Auto Parts, Inc. WA$5.2M · 0.34%
Salon Services Pro Inc WA$4.4M · 0.29%
G. Loomis, Inc. WA$3.7M · 0.00%

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Source: U.S. Department of Labor, Form 5500 series, EIN 473439648 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.