Plan Ledger DOL Form 5500 · updated monthly

Richmond Area Multi-Services, Inc.401(k)

RICHMOND AREA MULTI-SERVICES, INC. 401(K) PROFIT SHARING PLAN & TRUST · SAN FRANCISCO, CA · plan year 2024

Reported admin expense ratio · 2024
0.96%

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

Richmond Area Multi-Services, Inc. reported $63,085 in plan administrative expenses for 2024: 0.96% of average plan assets, higher than ~75% of peers. Employer contributions averaged $557 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 3 years on file its reported administrative ratio has held roughly steady near 0.96%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in California (6,126th of 9,483), and 6,606th of 11,911 in health care & social assistance. In 2024, employees put in $7.26 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$7,651,814
Participants with balances422
Active participants410
Employer contributions$228,479
Employee contributions$1,659,489
Employer contribution per active participant$557
Average account balance$18,132
Benefits paid to participants$424,109
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$7.7M · 422 accts · $228K emplr
2023$5.4M · 417 accts · $206K emplr
2022$3.4M · 350 accts · $124K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$28,317
Investment management$34,768
Total administrative$63,085
The Richmond Area Multi-Services, Inc. 401(k) match · 2024
Employer contribution per active participant$557
Median for plans this size$1,313
2024$557 per active participant
2023$473 per active participant
2022$301 per active participant

Richmond Area Multi-Services, Inc.'s 2024 employer contribution ran below the $1,313 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
MIRACLE MILE ADVISORS LLC · Investment advisory (plan)$25,339
EMPOWER ADVISORY GROUP, LLC · Investment management$9,429

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$63,085 · 0.96%
2023$41,737 · 0.95%
2022$29,905 · 0.99%
Same employer
Similar plansHealth Care & Social Assistance · California
Center for Human Services CA$7.7M · 0.66%
Rollinsnelson Grp, LLC CA$7.7M · 0.99%
Villa Esperanza Services CA$7.6M · 0.95%
Amigo Baby Inc CA$7.6M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 237389436 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.