Plan Ledger DOL Form 5500 · updated monthly

Richards, Layton & Finger, P.A.401(k)

RICHARDS, LAYTON & FINGER, P.A. RETIREMENT & SAVINGS PLAN · WILMINGTON, DE · plan year 2024

Reported admin expense ratio · 2024
0.04%

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

Richards, Layton & Finger, P.A. reported $117,374 in plan administrative expenses for 2024: 0.04% of average plan assets, below the peer median. Employer contributions averaged $19,379 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 0.09% to 0.04%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other professional & technical services employers. By assets it is the 20th-largest of 242 plans among Delaware employers on file, and the 593rd of 11,654 in professional & technical services. In 2024, the employer put in $1.38 for every $1.00 employees contributed themselves; active participation has grown from 273 to 315 since 2022.

Plan summary
Net assets, end of year$284,702,009
Participants with balances359
Active participants315
Employer contributions$6,104,356
Employee contributions$4,429,658
Employer contribution per active participant$19,379
Average account balance$793,042
Benefits paid to participants$7,554,396
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$284.7M · 359 accts · $6.1M emplr
2023$249.7M · 370 accts · $2.9M emplr
2022$233.1M · 373 accts · $6.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$117,374
Total administrative$117,374
The Richards, Layton & Finger, P.A. 401(k) match · 2024
Employer contribution per active participant$19,379
Median for plans this size$4,294
2024$19,379 per active participant
2023$10,008 per active participant
2022$21,817 per active participant

Richards, Layton & Finger, P.A.'s 2024 employer contribution ran above the $4,294 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 · 20242
EMPOWER FINANCIAL SERVICES, INC. · Investment advisory (participants) · Securities brokerage$23,863

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$117,374 · 0.04%
2023$110,326 · 0.05%
2022$194,554 · 0.09%
Same employer
Similar plansProfessional & Technical Services · Delaware
Atkins US Holdings, Inc. DE$894.6M · 0.05%
The Snc-Lavalin Corporation DE$801.7M · 0.07%
Incyte Corporation DE$611.7M · 0.00%
Csc DE$544.0M · 0.04%
The Siegfried Group, LLP DE$252.4M · 0.06%
Interdigital, Inc. DE$138.2M · 0.11%

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Source: U.S. Department of Labor, Form 5500 series, EIN 510226371 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.