Plan Ledger DOL Form 5500 · updated monthly

Ryze Claim Solutions LLC401(k)

RYZE CLAIM SOLUTIONS 401(K) PLAN · NOBLESVILLE, IN · plan year 2024

Reported admin expense ratio · 2024
0.32%

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

Ryze Claim Solutions LLC reported $44,834 in plan administrative expenses for 2024: 0.32% of average plan assets, above the peer median. Employer contributions averaged $1,977 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 0.43% to 0.32%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 719th-largest of 1,562 plans among Indiana employers on file, and 6,591st of 11,654 in professional & technical services. In 2024, employees put in $3.21 for every $1.00 the employer contributed; active participation has shrunk from 207 to 182 since 2022.

Plan summary
Net assets, end of year$14,880,437
Participants with balances236
Active participants182
Employer contributions$359,811
Employee contributions$1,154,444
Employer contribution per active participant$1,977
Average account balance$63,053
Benefits paid to participants$2,718,904
Plan auditUnmodified (clean) audit opinion
AuditorTHOMAS HOWELL FERGUSON
Plan history3
Yearassets · accounts · employer contribution
2024$14.9M · 236 accts · $360K emplr
2023$13.6M · 286 accts · $425K emplr
2022$11.1M · 254 accts · $346K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$36,211
Investment management$8,623
Total administrative$44,834
The Ryze Claim Solutions LLC 401(k) match · 2024
Employer contribution per active participant$1,977
Median for plans this size$2,416
2024$1,977 per active participant
2023$1,922 per active participant
2022$1,671 per active participant

Ryze Claim Solutions LLC'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 · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$36,211
MORGAN STANLEY GLOBAL · Investment advisory (plan)$8,624

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$44,834 · 0.32%
2023$67,343 · 0.55%
2022$51,958 · 0.43%
Same employer
Similar plansProfessional & Technical Services · Indiana
Vs Engineering, Inc. IN$16.8M · 0.03%
Emarsys North America, Inc. IN$15.7M · 0.03%
Aunalytics, Inc. IN$14.7M · 0.56%
Formstack, LLC IN$14.5M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 352072320 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.