Plan Ledger DOL Form 5500 · updated monthly

Rate Holdings Corp.401(k)

RATE HOLDINGS CORP. MULTIPLE EMPLOYER 401(K) PLAN · CHICAGO, IL · plan year 2024

Reported admin expense ratio · 2024
0.11%

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

Rate Holdings Corp. reported $581,947 in plan administrative expenses for 2024: 0.11% of average plan assets, above the peer median. Employer contributions averaged $1,471 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 fell from 0.13% to 0.11%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other finance & insurance employers. By assets it is the 145th-largest of 3,702 plans among Illinois employers on file, and the 295th of 4,798 in finance & insurance. In 2024, employees put in $4.76 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$525,807,255
Participants with balances8,186
Active participants5,942
Employer contributions$8,743,575
Employee contributions$41,640,907
Employer contribution per active participant$1,471
Average account balance$64,233
Benefits paid to participants$93,947,588
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2024$525.8M · 8,186 accts · $8.7M emplr
2023$495.1M · 9,339 accts · $11.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$552,601
Audit (IQPA)$28,400
Total administrative$581,947
The Rate Holdings Corp. 401(k) match · 2024
Employer contribution per active participant$1,471
Median for plans this size$4,294
2024$1,471 per active participant
2023$1,775 per active participant

Rate Holdings Corp.'s 2024 employer contribution ran below the $4,294 median for plans its size, in the bottom 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 · 20242
T ROWE PRICE RPS INC · Recordkeeping · Trustee$552,602
RICHEY MAY & CO LLP · Accounting / audit$28,400

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024T. Rowe Price
2023T. Rowe Price

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history2
2024$581,947 · 0.11%
2023$654,236 · 0.13%
Similar plansFinance & Insurance · Illinois
Guggenheim Services, LLC IL$703.5M · 0.05%
Ryan Specialty, LLC IL$635.5M · 0.03%
Cboe Services Co. IL$509.1M · 0.03%
Alera Group, Inc. IL$499.7M · 0.25%
Cboe Global Markets, Inc. IL$430.9M · 0.01%
Multiplan, Inc. IL$422.6M · 0.16%

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Source: U.S. Department of Labor, Form 5500 series, EIN 301301067 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.