Plan Ledger DOL Form 5500 · updated monthly

Rinse, Inc.401(k)

RINSE 401K PLAN · SAN FRANCISCO, CA · plan year 2024

Reported admin expense ratio · 2024
0.80%

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

Rinse, Inc. reported $12,376 in plan administrative expenses for 2024: 0.80% of average plan assets, above the peer median. Employer contributions averaged $356 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 0.13% to 0.80%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in California (8,395th of 9,483), and 4,714th of 5,215 in retail trade. In 2024, employees put in $4.13 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$1,814,527
Participants with balances180
Active participants218
Employer contributions$77,608
Employee contributions$320,480
Employer contribution per active participant$356
Average account balance$10,081
Benefits paid to participants$83,444
Plan auditUnmodified (clean) audit opinion
AuditorBROCK AND COMPANY , CPAS, P.C
Plan history2
Yearassets · accounts · employer contribution
2024$1.8M · 180 accts · $78K emplr
2022$666K · 73 accts · $17K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$12,213
Investment management$163
Total administrative$12,376
The Rinse, Inc. 401(k) match · 2024
Employer contribution per active participant$356
Median for plans this size$1,313
2024$356 per active participant
2022$137 per active participant

Rinse, 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 · 20241
ADP, INC. · Recordkeeping · Investment advisory (participants)$12,375

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

Administrative cost history2
2024$12,376 · 0.80%
2022$846 · 0.13%
Similar plansRetail Trade · California
Wish Automotive, Inc. CA$1.9M · 1.96%
Airport Appliance, Inc. CA$1.9M · 1.19%
Seidner-Miller, Inc CA$1.8M · 2.21%
Allsaints, USA Limited CA$1.7M · 1.81%

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Source: U.S. Department of Labor, Form 5500 series, EIN 462322743 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.