Plan Ledger DOL Form 5500 · updated monthly

Ride Connection, Inc.403(b)

RIDE CONNECTION 403(B) PLAN · PORTLAND, OR · plan year 2024

Reported admin expense ratio · 2024
0.50%

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

Ride Connection, Inc. reported $32,593 in plan administrative expenses for 2024: 0.50% of average plan assets, below the peer median. Employer contributions averaged $2,043 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 0.54% to 0.50%. 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 Oregon (653rd of 1,021), and 6,750th of 11,911 in health care & social assistance. In 2024, employees put in $1.35 for every $1.00 the employer contributed; active participation has grown from 187 to 233 since 2022.

Plan summary
Net assets, end of year$7,257,960
Participants with balances310
Active participants233
Employer contributions$476,132
Employee contributions$642,848
Employer contribution per active participant$2,043
Average account balance$23,413
Benefits paid to participants$524,953
Plan auditDisclaimer of opinion
AuditorMC DONALD JACOBS PC
Plan history3
Yearassets · accounts · employer contribution
2024$7.3M · 310 accts · $476K emplr
2023$5.8M · 290 accts · $407K emplr
2022$4.2M · 247 accts · $332K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$7,537
Investment management$25,056
Total administrative$32,593
Employer contributions to the Ride Connection, Inc. plan · 2024
Employer contribution per active participant$2,043
Median for plans this size$1,313
2024$2,043 per active participant
2023$1,903 per active participant
2022$1,777 per active participant

Ride Connection, Inc.'s 2024 employer contribution ran above the $1,313 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
ASCENSUS LLC · Loan processing · Recordkeeping$7,537
ALERA INVESTMENT ADVISORS · Investment advisory (plan)$25,056

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Ascensus
2023Ascensus

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$32,593 · 0.50%
2023$22,693 · 0.45%
2022$23,308 · 0.54%
Same employer
Similar plansHealth Care & Social Assistance · Oregon
Neighborimpact OR$7.2M · 0.40%
Outside In OR$6.7M · 0.10%

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Source: U.S. Department of Labor, Form 5500 series, EIN 943076771 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.