Plan Ledger DOL Form 5500 · updated monthly

Republic Operations LLC401(k)

REPUBLIC 401(K) PLAN · NEW YORK CITY, NY · plan year 2024

Reported admin expense ratio · 2024
0.04%

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

Republic Operations LLC reported $3,232 in plan administrative expenses for 2024: 0.04% of average plan assets, lower than ~75% of peers. Employer contributions averaged $5,432 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 0.30% to 0.04%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other finance & insurance employers. By assets it is among the smaller plans on file in New York (3,837th of 5,648), and 4,126th of 4,798 in finance & insurance. In 2024, employees put in $1.94 for every $1.00 the employer contributed; active participation has shrunk from 142 to 79 since 2022.

Plan summary
Net assets, end of year$8,519,928
Participants with balances151
Active participants79
Employer contributions$429,155
Employee contributions$832,979
Employer contribution per active participant$5,432
Average account balance$56,423
Benefits paid to participants$918,883
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$8.5M · 151 accts · $429K emplr
2023$6.4M · 153 accts · $577K emplr
2022$4.3M · 144 accts · $1.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,567
Investment management$1,665
Total administrative$3,232
The Republic Operations LLC 401(k) match · 2024
Employer contribution per active participant$5,432
Median for plans this size$1,313
2024$5,432 per active participant
2023$6,009 per active participant
2022$8,150 per active participant

Republic Operations LLC'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
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processingindirect comp

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$3,232 · 0.04%
2023$2,134 · 0.04%
2022$8,578 · 0.30%
Similar plansFinance & Insurance · New York
Blockfi Inc. NY$8.9M · 0.41%
Klik Technologies, Corp. NY$8.8M · 0.60%
Yieldstreet, Inc. NY$8.7M · 0.74%
Liberty Lending, LLC NY$7.9M · 0.16%

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Source: U.S. Department of Labor, Form 5500 series, EIN 863545620 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.