Plan Ledger DOL Form 5500 · updated monthly

Rising Holdings, Inc.,dba Rising Medical Solutions401(k)

RISING MEDICAL SOLUTIONS, INC. 401(K) PLAN · CHICAGO, IL · plan year 2024

Reported admin expense ratio · 2024
0.09%

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

Rising Holdings, Inc.,dba Rising Medical Solutions reported $19,240 in plan administrative expenses for 2024: 0.09% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,637 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 0.14% to 0.09%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is the 1,609th-largest of 3,702 plans among Illinois employers on file, and 2,885th of 4,798 in finance & insurance. In 2024, employees put in $3.84 for every $1.00 the employer contributed; active participation has grown from 160 to 197 since 2022.

Plan summary
Net assets, end of year$22,239,401
Participants with balances204
Active participants197
Employer contributions$322,583
Employee contributions$1,238,538
Employer contribution per active participant$1,637
Average account balance$109,017
Benefits paid to participants$2,944,328
Plan auditUnmodified (clean) audit opinion
AuditorDUFEK & CO, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$22.2M · 204 accts · $323K emplr
2023$20.2M · 196 accts · $290K emplr
2022$16.7M · 192 accts · $256K emplr
Administrative expenses, itemized · 2024
Investment management$22,818
Total administrative$19,240
The Rising Holdings, Inc.,dba Rising Medical Solutions 401(k) match · 2024
Employer contribution per active participant$1,637
Median for plans this size$2,416
2024$1,637 per active participant
2023$1,648 per active participant
2022$1,597 per active participant

Rising Holdings, Inc.,dba Rising Medical Solutions's 2024 employer contribution ran below the $2,416 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 · 20243
ROTHSCHILD INVESTMENT CORP · Investment advisory (plan)$16,268
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$6,550
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processingindirect comp

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$19,240 · 0.09%
2023Not separately reported
2022$25,826 · 0.14%
Similar plansFinance & Insurance · Illinois
Resource Bank, N.A. IL$23.9M · 0.31%
Great Lakes Credit Union IL$23.3M · 0.16%
Clearcover, Inc. IL$21.3M · 0.81%
Kin Insurance IL$20.9M · 0.66%
Scott Credit Union IL$20.7M · 0.29%

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Source: U.S. Department of Labor, Form 5500 series, EIN 364276352 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.