Plan Ledger DOL Form 5500 · updated monthly

Rainbow Design Services, Inc.401(k)

RAINBOW DESIGN SERVICES, INC. 401(K) PLAN · LOUISVILLE, KY · plan year 2023

Reported admin expense ratio · 2023
0.51%

Rainbow Design Services, Inc. reported $32,061 in plan administrative expenses for 2023: 0.51% of average plan assets, above the peer median. 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 0.72% to 1.74%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Kentucky (570th of 871), and 9,045th of 11,654 in professional & technical services. In 2023, employees put in $2.09 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$6,991,343
Participants with balances313
Active participants0
Employer contributions$188,186
Employee contributions$393,431
Employer contribution per active participant—
Average account balance$22,337
Benefits paid to participants$116,183
Plan auditUnmodified (clean) audit opinion
AuditorDEAN DORTON
Plan history3
Yearassets · accounts · employer contribution
2024$8K
2023$7.0M · 313 accts · $188K emplr
2022$5.5M · 304 accts · $481K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$22,865
Investment management$9,196
Total administrative$32,061
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
NEWPORT GROUP, INC. · Contract administrator · Recordkeeping$22,865
PNC INSTITUTIONAL ASSET MANAGEMENT · Investment management$9,196

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

Recordkeeper by year2
2024Newport (Ascensus)
2023Newport (Ascensus)

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$60,734 · 1.74%
2023$32,061 · 0.51%
2022$39,863 · 0.72%
Similar plansProfessional & Technical Services · Kentucky
Netgain Technologies, LLC KY$8.6M · 0.74%
Current HR KY$8.1M · 1.31%
The Beverage Market, LLC KY$6.7M · 0.15%
Coolsoft LLC KY$6.6M · 0.16%
Http Holdings, LLC KY$6.2M · 1.19%

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Source: U.S. Department of Labor, Form 5500 series, EIN 611289303 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.