Plan Ledger DOL Form 5500 · updated monthly

Rapid Financial Services, LLC401(k)

RAPID FINANCIAL SERVICES, LLC 401(K) RETIREMENT PLAN · BETHESDA, MD · plan year 2025

Reported admin expense ratio · 2025
0.41%

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

Rapid Financial Services, LLC reported $91,335 in plan administrative expenses for 2025: 0.41% of average plan assets, above the peer median. Employer contributions averaged $3,672 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 6 years on file its reported administrative ratio fell from 0.72% to 0.41%. The plan sits in the $10M–$50M size bracket, benchmarked here against 1,620 comparable plans and shown alongside other finance & insurance employers. By assets it is the 553rd-largest of 1,671 plans among Maryland employers on file, and 2,700th of 4,798 in finance & insurance. In 2025, employees put in $2.71 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$25,021,585
Participants with balances230
Active participants187
Employer contributions$686,752
Employee contributions$1,858,610
Employer contribution per active participant$3,672
Average account balance$108,790
Benefits paid to participants$1,366,860
Plan auditUnmodified (clean) audit opinion
Plan history5
Yearassets · accounts · employer contribution
2025$25.0M · 230 accts · $687K emplr
2024$19.9M · 233 accts · $697K emplr
2023$16.6M · 320 accts · $714K emplr
2022$14.8M · 323 accts · $824K emplr
2019$8.4M · 199 accts · $418K emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$91,335
Total administrative$91,335
The Rapid Financial Services, LLC 401(k) match · 2025
Employer contribution per active participant$3,672
Median for plans this size$2,666
2025$3,672 per active participant
2024$3,983 per active participant
2023$4,035 per active participant
2022$2,850 per active participant
2019$2,348 per active participant

Rapid Financial Services, LLC's 2025 employer contribution ran above the $2,666 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 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20254
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$91,234
S B H U LIFE AGENCY INC · Other servicesindirect comp
COASTAL PENSION SERVICES · Other servicesindirect comp
WILSHIRE ASSOCIATES INCORPORATED · 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 history5
2025$91,335 · 0.41%
2024$154,205 · 0.84%
2023$132,083 · 0.84%
2022$114,753 · 0.78%
2019$50,630 · 0.72%
Same employer
Similar plansFinance & Insurance · Maryland
Newday USA MD$26.6M · 0.38%
Agency Holding Company MD$26.5M · 0.37%
Facet Wealth, Inc. MD$21.1M · 0.10%
The Bank of Glen Burnie MD$20.2M · 0.37%

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Source: U.S. Department of Labor, Form 5500 series, EIN 271333844 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.