Plan Ledger DOL Form 5500 · updated monthly

Rhodes Financial Services, LLC401(k)

RHODES FINANCIAL SERVICES, LLC 401(K) PLAN · AUGUSTA, GA · plan year 2024

Reported admin expense ratio · 2024
0.27%

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

Rhodes Financial Services, LLC reported $67,998 in plan administrative expenses for 2024: 0.27% of average plan assets, below the peer median. Employer contributions averaged $3,517 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 0.26% to 0.27%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 712th-largest of 2,160 plans among Georgia employers on file, and the 4,418th of 11,654 in professional & technical services. In 2024, employees put in $2.18 for every $1.00 the employer contributed; active participation has grown from 161 to 178 since 2022.

Plan summary
Net assets, end of year$27,640,007
Participants with balances248
Active participants178
Employer contributions$626,018
Employee contributions$1,367,563
Employer contribution per active participant$3,517
Average account balance$111,452
Benefits paid to participants$1,083,909
Plan auditUnmodified (clean) audit opinion
AuditorSEROTTA MADDOX AND EVANS
Plan history3
Yearassets · accounts · employer contribution
2024$27.6M · 248 accts · $626K emplr
2023$22.9M · 234 accts · $575K emplr
2022$18.4M · 216 accts · $489K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$4,492
Investment management$63,506
Total administrative$67,998
The Rhodes Financial Services, LLC 401(k) match · 2024
Employer contribution per active participant$3,517
Median for plans this size$2,416
2024$3,517 per active participant
2023$3,421 per active participant
2022$3,040 per active participant

Rhodes Financial Services, LLC's 2024 employer contribution ran above 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
RSM US WEALTH MANAGEMENT LLC · Recordkeeping · Trustee$63,505
ADP, INC. · Recordkeeping$4,492

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, RSM US WEALTH MANAGEMENT LLC
2023ADP, CHERRY BEKAERT WEALTH MANAGEMENT, L, RSM US WEALTH MANAGEMENT LLC

This plan has changed recordkeepers within these filings. If you left Rhodes Financial Services, LLC before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$67,998 · 0.27%
2023$54,467 · 0.26%
2022$50,239 · 0.26%
Same employer
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Source: U.S. Department of Labor, Form 5500 series, EIN 582493504 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.