Plan Ledger DOL Form 5500 · updated monthly

Raycap, Inc.401(k)

RAYCAP, INC. 401(K) PLAN · POST FALLS, ID · plan year 2024

Reported admin expense ratio · 2024
0.08%

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

Raycap, Inc. reported $13,495 in plan administrative expenses for 2024: 0.08% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,246 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 0.06% to 0.08%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 117th-largest of 349 plans among Idaho employers on file, and the 6,404th of 13,661 in manufacturing. In 2024, employees put in $1.72 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$17,747,947
Participants with balances434
Active participants361
Employer contributions$810,893
Employee contributions$1,397,262
Employer contribution per active participant$2,246
Average account balance$40,894
Benefits paid to participants$2,097,223
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$17.7M · 434 accts · $811K emplr
2023$15.1M · 465 accts · $764K emplr
2022$12.7M · 438 accts · $684K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$13,495
Total administrative$13,495
The Raycap, Inc. 401(k) match · 2024
Employer contribution per active participant$2,246
Median for plans this size$2,416
2024$2,246 per active participant
2023$2,021 per active participant
2022$1,894 per active participant

Raycap, Inc.'s 2024 employer contribution ran below the $2,416 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 · 20242
ADP, INC. · Recordkeeping · Investment advisory (participants)$13,495
ADP BROKER-DEALERindirect comp

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

Recordkeeper by year2
2024ADP
2023ADP

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

Administrative cost history3
2024$13,495 · 0.08%
2023$17,694 · 0.13%
2022$8,427 · 0.06%
Same employer
Similar plansManufacturing · Idaho
Idaho Steel Products, Inc. ID$20.7M · 0.28%
Nxedge, Inc. ID$18.6M · 0.07%
Idaho Timber, LLC ID$17.0M · 0.61%
Omnipure Filter Co., Inc. ID$15.1M · 0.78%
Premier Technology, Inc. ID$14.7M · 0.63%
Advanced Input Devices, Inc ID$13.9M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 203942471 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.