Plan Ledger DOL Form 5500 · updated monthly

Raiseright, LLC401(k)

RAISERIGHT, LLC 401(K) PLAN · KENTWOOD, MI · plan year 2022

Reported admin expense ratio · 2022
0.38%

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

Raiseright, LLC reported $44,723 in plan administrative expenses for 2022: 0.38% of average plan assets, above the peer median. Employer contributions averaged $6,907 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 1 year on file its reported administrative ratio rose from 0.38% to 0.48%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,806 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Michigan (1,420th of 2,619), and the 2,304th of 5,215 in retail trade. In 2022, employees put in $1.22 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$11,805,589
Participants with balances201
Active participants146
Employer contributions$1,008,363
Employee contributions$1,228,602
Employer contribution per active participant$6,907
Average account balance$58,734
Benefits paid to participants$713,929
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2023$7.4M · 86 accts · $1.0M emplr
2022$11.8M · 201 accts · $1.0M emplr
The Raiseright, LLC 401(k) match · 2022
Employer contribution per active participant$6,907
Median for plans this size$2,266
2023$17,836 per active participant
2022$6,907 per active participant

Raiseright, LLC's 2022 employer contribution ran above the $2,266 median for plans its size, placing it in the top quarter of its peers. 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history2
2023$46,089 · 0.48%
2022$44,723 · 0.38%
Similar plansRetail Trade · Michigan
Folk Oil Company, Inc. MI$12.3M · 0.04%
Champion Chevrolet, Inc. MI$12.0M · 0.40%
P Cor, LLC MI$12.0M · 0.53%
Hines Park Lincoln, Inc. MI$12.0M · 0.12%
Carls Golfland, Inc. MI$11.7M · 0.48%
Bob Maxey Lincoln, Inc. MI$11.6M · 0.68%
Borgman Ford Sales, Inc. MI$11.5M · 0.47%
Family Farm and Home, Inc MI$11.4M · 0.60%

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Source: U.S. Department of Labor, Form 5500 series, EIN 200856016 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.