Plan Ledger DOL Form 5500 · updated monthly

Rise, Inc.401(k)

RISE, INC. 401(K) SAVINGS PLAN · FRIDLEY, MN · plan year 2023

Reported admin expense ratio · 2023
0.04%

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

Rise, Inc. reported $6,100 in plan administrative expenses for 2023: 0.04% of average plan assets, lower than ~75% of peers. Employer contributions averaged $400 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 0.038%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Minnesota (1,076th of 1,918), and the 4,502nd of 11,911 in health care & social assistance. In 2023, employees put in $2.05 for every $1.00 the employer contributed; active participation has shrunk from 894 to 804 since 2022.

Plan summary
Net assets, end of year$14,950,632
Participants with balances272
Active participants804
Employer contributions$321,433
Employee contributions$658,135
Employer contribution per active participant$400
Average account balance$54,966
Benefits paid to participants$1,532,017
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$14.4M · 273 accts · $317K emplr
2023$15.0M · 272 accts · $321K emplr
2022$13.2M · 290 accts · $306K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$6,100
Total administrative$6,100
The Rise, Inc. 401(k) match · 2023
Employer contribution per active participant$400
Median for plans this size$2,440
2024$411 per active participant
2023$400 per active participant
2022$342 per active participant

Rise, Inc.'s 2023 employer contribution ran below the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231
ALERUS FINANCIAL, N.A. · Recordkeeping · Trustee$6,700

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

Recordkeeper by year2
2024Alerus
2023Alerus

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

Administrative cost history3
2024$5,562 · 0.04%
2023$6,100 · 0.04%
2022$4,666 · 0.04%
Same employer
Similar plansHealth Care & Social Assistance · Minnesota
Creekside Companies, Inc. MN$15.2M · 0.48%
Opportunity Partners, Inc. MN$15.0M · 0.45%
Acr Homes, Inc. MN$14.9M · 0.67%
Sholom Community Alliance MN$14.3M · 0.52%
Mainsl Services, Inc. MN$14.3M · 0.57%

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Source: U.S. Department of Labor, Form 5500 series, EIN 410972476 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.