Plan Ledger DOL Form 5500 · updated monthly

RAPID7 LLC401(k)

RAPID7 LLC 401(K) PLAN · BOSTON, MA · plan year 2024

Reported admin expense ratio · 2024
0.23%

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

RAPID7 LLC reported $337,565 in plan administrative expenses for 2024: 0.23% of average plan assets, above the peer median. Employer contributions averaged $2,797 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 fell from 0.29% to 0.23%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other professional & technical services employers. By assets it is the 314th-largest of 2,726 plans among Massachusetts employers on file, and the 996th of 11,654 in professional & technical services. In 2024, employees put in $4.78 for every $1.00 the employer contributed; active participation has shrunk from 1,674 to 1,250 since 2022.

Plan summary
Net assets, end of year$158,515,021
Participants with balances2,232
Active participants1,250
Employer contributions$3,495,666
Employee contributions$16,706,655
Employer contribution per active participant$2,797
Average account balance$71,019
Benefits paid to participants$22,010,827
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$158.5M · 2,232 accts · $3.5M emplr
2023$134.5M · 2,223 accts · $4.3M emplr
2022$101.6M · 2,335 accts · $4.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$156,645
Investment management$152,565
Audit (IQPA)$28,355
Total administrative$337,565
The RAPID7 LLC 401(k) match · 2024
Employer contribution per active participant$2,797
Median for plans this size$3,635
2024$2,797 per active participant
2023$3,321 per active participant
2022$2,589 per active participant

RAPID7 LLC's 2024 employer contribution ran below 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 · 20244
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$157,467
ONEDIGITAL INVESTMENT ADVISORS LLC · Investment advisory (plan)$120,000
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$32,565
GRANT THORNTON · Accounting / audit$28,355

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$337,565 · 0.23%
2023$300,527 · 0.25%
2022$295,075 · 0.29%
Same employer
Similar plansProfessional & Technical Services · Massachusetts
Duck Creek Technologies, LLC MA$176.4M · 0.06%
Azenta, Inc. MA$171.6M · 0.07%
Virtusa Corporation MA$166.2M · 0.04%
Sophos, Inc MA$157.7M · 0.05%
Erin Rojas MA$155.8M · 0.17%

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Source: U.S. Department of Labor, Form 5500 series, EIN 743111935 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.