Plan Ledger DOL Form 5500 · updated monthly

Rgbsi, Inc.401(k)

RAPID GLOBAL BUSINESS 401(K) PROFIT SHARING PLAN · TROY, MI · plan year 2023

Reported admin expense ratio · 2023
0.21%

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

Rgbsi, Inc. reported $22,182 in plan administrative expenses for 2023: 0.21% of average plan assets, below the peer median. Employer contributions averaged $456 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 0.20% to 0.30%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Michigan (1,417th of 2,619), and 7,433rd of 11,654 in professional & technical services. In 2023, employees put in $7.93 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$11,848,146
Participants with balances541
Active participants319
Employer contributions$145,507
Employee contributions$1,153,642
Employer contribution per active participant$456
Average account balance$21,900
Benefits paid to participants$1,187,748
Plan auditUnmodified (clean) audit opinion
AuditorUHY LLP
Plan history3
Yearassets · accounts · employer contribution
2024$11.3M · 359 accts · $156K emplr
2023$11.8M · 541 accts · $146K emplr
2022$9.2M · 546 accts · $149K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$22,182
Total administrative$22,182
The Rgbsi, Inc. 401(k) match · 2023
Employer contribution per active participant$456
Median for plans this size$2,440
2024$412 per active participant
2023$456 per active participant
2022$468 per active participant

Rgbsi, Inc.'s 2023 employer contribution ran below the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
ADP, INC. · Loan processing · Recordkeeping$22,182
ADP BROKER-DEALER · Other servicesindirect comp
WELLS FARGO ADVISOR · Other servicesindirect 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$34,408 · 0.30%
2023$22,182 · 0.21%
2022$19,863 · 0.20%
Same employer
Similar plansProfessional & Technical Services · Michigan
Attendance on Demand, Inc. MI$12.0M · 0.68%
Hook Studios LLC MI$12.0M · 0.12%
Iri Consultants, Inc. MI$11.5M · 0.44%

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Source: U.S. Department of Labor, Form 5500 series, EIN 383341344 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.