Plan Ledger DOL Form 5500 · updated monthly

Range Generation Next LLC401(k)

RGNEXT 401K PLAN · MELBOURNE, FL · plan year 2024

Reported admin expense ratio · 2024
0.09%

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

Range Generation Next LLC reported $97,810 in plan administrative expenses for 2024: 0.09% of average plan assets, below the peer median. Employer contributions averaged $3,751 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 0.089% to 0.094%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other finance & insurance employers. By assets it is the 296th-largest of 3,644 plans among Florida employers on file, and the 918th of 4,798 in finance & insurance. In 2024, employees put in $3.07 for every $1.00 the employer contributed; active participation has shrunk from 1,300 to 933 since 2022.

Plan summary
Net assets, end of year$112,379,029
Participants with balances1,134
Active participants933
Employer contributions$3,500,084
Employee contributions$10,729,220
Employer contribution per active participant$3,751
Average account balance$99,100
Benefits paid to participants$11,326,155
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$112.4M · 1,134 accts · $3.5M emplr
2023$95.0M · 1,134 accts · $3.4M emplr
2022$77.7M · 1,080 accts · $3.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$21,550
Investment management$74,214
Total administrative$97,810
The Range Generation Next LLC 401(k) match · 2024
Employer contribution per active participant$3,751
Median for plans this size$3,635
2024$3,751 per active participant
2023$2,693 per active participant
2022$2,420 per active participant

Range Generation Next LLC's 2024 employer contribution ran above the $3,635 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
VOYA RETIREMENT ADVISORS, LLC · Investment advisory (participants)$74,018
MORNINGSTAR · Investment advisory (plan)indirect comp

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$97,810 · 0.09%
2023$80,467 · 0.09%
2022$71,719 · 0.09%
Same employer
Similar plansFinance & Insurance · Florida
Amerant Bank, N.A. FL$141.6M · 0.00%
Emigrant Bank FL$129.4M · 0.12%
Ocean Bank FL$107.4M · 0.16%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 462685728 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.