Plan Ledger DOL Form 5500 · updated monthly

Rare, Inc.401(k)

RARE, INC. 401(K) PLAN · ARLINGTON, VA · plan year 2024

Reported admin expense ratio · 2024
0.01%

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

Rare, Inc. reported $2,794 in plan administrative expenses for 2024: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $8,526 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 0.08% to 0.01%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 908th-largest of 2,266 plans among Virginia employers on file, and the 5,092nd of 11,654 in professional & technical services. In 2024, employees put in $1.71 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$22,795,844
Participants with balances142
Active participants90
Employer contributions$767,313
Employee contributions$1,308,346
Employer contribution per active participant$8,526
Average account balance$160,534
Benefits paid to participants$1,327,672
Plan auditUnmodified (clean) audit opinion
AuditorMATTHEWS, CARTER AND BOYCE, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$22.8M · 142 accts · $767K emplr
2023$19.2M · 140 accts · $886K emplr
2022$13.9M · 139 accts · $765K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$2,394
Investment management$400
Total administrative$2,794
The Rare, Inc. 401(k) match · 2024
Employer contribution per active participant$8,526
Median for plans this size$2,416
2024$8,526 per active participant
2023$9,323 per active participant
2022$8,499 per active participant

Rare, Inc.'s 2024 employer contribution ran above the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20241
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$2,394

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$2,794 · 0.01%
2023$2,680 · 0.02%
2022$10,326 · 0.08%
Similar plansProfessional & Technical Services · Virginia
Geologics Corporation VA$23.2M · 0.26%
Rdr, Inc. VA$23.2M · 0.35%
Ght Limited VA$22.8M · 0.41%
Lynker Corporation VA$22.8M · 0.52%
Ici Services Corporation VA$22.7M · 0.29%

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Source: U.S. Department of Labor, Form 5500 series, EIN 237380563 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.