Plan Ledger DOL Form 5500 · updated monthly

Rcap Solutions, Inc.403(b)

403(B) THRIFT PLAN FOR RCAP SOLUTIONS, INC. · WORCESTER, MA · plan year 2024

Reported admin expense ratio · 2024
0.20%

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

Rcap Solutions, Inc. reported $12,104 in plan administrative expenses for 2024: 0.20% of average plan assets, lower than ~75% of peers. Employer contributions averaged $3,061 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 0.22% to 0.20%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Massachusetts (2,181st of 2,726), and 7,040th of 11,911 in health care & social assistance. In 2024, employees put in $1.11 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$6,638,005
Participants with balances135
Active participants127
Employer contributions$388,709
Employee contributions$429,530
Employer contribution per active participant$3,061
Average account balance$49,170
Benefits paid to participants$122,273
Plan auditUnmodified (clean) audit opinion
AuditorLEONE MCDONNELL & ROBERTS P.A.
Plan history3
Yearassets · accounts · employer contribution
2024$6.6M · 135 accts · $389K emplr
2023$5.3M · 134 accts · $341K emplr
2022$4.4M · 112 accts · $303K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$12,104
Total administrative$12,104
Employer contributions to the Rcap Solutions, Inc. plan · 2024
Employer contribution per active participant$3,061
Median for plans this size$1,313
2024$3,061 per active participant
2023$2,729 per active participant
2022$2,549 per active participant

Rcap Solutions, Inc.'s 2024 employer contribution ran above the $1,313 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
CPI QUALIFIED PLAN CONSULTANTS, INC · Recordkeeping · Pension consulting$12,104

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

Recordkeeper by year2
2024CPI QUALIFIED PLAN CONSULTANTS, INC
2023CPI QUALIFIED PLAN CONSULTANTS, INC

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

Administrative cost history3
2024$12,104 · 0.20%
2023$11,760 · 0.24%
2022$10,316 · 0.22%
Similar plansHealth Care & Social Assistance · Massachusetts
Connectrn Inc. MA$6.8M · 0.18%
Campus Child Care, Inc. MA$6.8M · 0.35%
Simply Orthodontics MA$6.5M · 0.80%
Comfort Home Care, LLC MA$6.4M · 0.68%

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Source: U.S. Department of Labor, Form 5500 series, EIN 042454675 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.