Plan Ledger DOL Form 5500 · updated monthly

Repairify, Inc.401(k)

REPAIRIFY, INC. 401(K) PLAN · PLANO, TX · plan year 2024

Reported admin expense ratio · 2024
0.48%

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

Repairify, Inc. reported $75,280 in plan administrative expenses for 2024: 0.48% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,412 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 0.36% to 0.48%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other other services employers. By assets it is the 2,194th-largest of 5,688 plans among Texas employers on file, and the 1,152nd of 3,341 in other services. In 2024, employees put in $2.33 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$17,609,161
Participants with balances593
Active participants532
Employer contributions$1,283,442
Employee contributions$2,987,948
Employer contribution per active participant$2,412
Average account balance$29,695
Benefits paid to participants$2,551,406
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$17.6M · 593 accts · $1.3M emplr
2023$13.5M · 552 accts · $1.2M emplr
2022$8.7M · 471 accts · $973K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$65,019
Investment management$10,261
Total administrative$75,280
The Repairify, Inc. 401(k) match · 2024
Employer contribution per active participant$2,412
Median for plans this size$2,416
2024$2,412 per active participant
2023$1,982 per active participant
2022$1,654 per active participant

Repairify, 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
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$65,019
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$10,261

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$75,280 · 0.48%
2023$49,215 · 0.44%
2022$27,388 · 0.36%
Same employer
Similar plansOther Services · Texas
Brandon & Clark, Inc. TX$19.4M · 0.11%
Rug Doctor, LLC TX$17.8M · 0.29%
Mundy Service Corporation TX$17.5M · 0.14%

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Source: U.S. Department of Labor, Form 5500 series, EIN 474310131 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.