Employers › Rapid Financial Services
Recordkeeping fees per participant · Rapid Financial Services, LLC 401(k) Retirement Plan · plan year 2024
$661.82
Higher than 100% of the 14,075 plans $10 to 50M that report it.
= $154,205 / 233
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250822113147NAL0005087201001, received 2025-08-22
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250822113147NAL0005087201001, received 2025-08-22
Percentiles compare this plan with the Schedule H plans $10 to 50M in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-08-22.
Administrative expenses excluding investment management, per participant
$661.82
Higher than 99% of the 24,371 plans $10 to 50M that report it.
= $154,205 / 233
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250822113147NAL0005087201001, received 2025-08-22
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250822113147NAL0005087201001, received 2025-08-22
Administrative expenses per participant
$661.82
Higher than 98% of the 25,098 plans $10 to 50M that report it.
= $154,205 / 233
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250822113147NAL0005087201001, received 2025-08-22
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250822113147NAL0005087201001, received 2025-08-22
Administrative expenses as a share of assets
0.774%
Higher than 96% of the 25,132 plans $10 to 50M that report it.
= $154,205 / $19,927,102
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250822113147NAL0005087201001, received 2025-08-22
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250822113147NAL0005087201001, received 2025-08-22
Employer contributions per participant
$2,991
Higher than 72% of the 24,050 plans $10 to 50M that report it.
= $696,964 / 233
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250822113147NAL0005087201001, received 2025-08-22
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250822113147NAL0005087201001, received 2025-08-22
Employer share of total contributions
26.7%
Higher than 46% of the 24,084 plans $10 to 50M that report it.
= $696,964 / $2,612,733
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250822113147NAL0005087201001, received 2025-08-22
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250822113147NAL0005087201001, received 2025-08-22
Plan terms are not published in public filings.
2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2S pre-approved plan document · 2T default investment (QDIA) · 3D IRS pre-approved plan · 3H controlled-group sponsor · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250822113147NAL0005087201001, received 2025-08-22
| Field | Value | Source |
|---|---|---|
| Plan sponsor | RAPID FINANCIAL SERVICES, LLC | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250822113147NAL0005087201001, received 2025-08-22 |
| Plan name | RAPID FINANCIAL SERVICES, LLC 401(K) RETIREMENT PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20250822113147NAL0005087201001, received 2025-08-22 |
| Sponsor EIN / plan number | 27-1333844 / 001 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250822113147NAL0005087201001, received 2025-08-22 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250822113147NAL0005087201001, received 2025-08-22 |
| Sponsor location | BETHESDA, MD | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250822113147NAL0005087201001, received 2025-08-22 |
| Industry (business code) | 522298, Finance and insurance | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20250822113147NAL0005087201001, received 2025-08-22 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250822113147NAL0005087201001, received 2025-08-22 |
| Filing received | 2025-08-22 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250822113147NAL0005087201001, received 2025-08-22 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250822113147NAL0005087201001, received 2025-08-22 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20250822113147NAL0005087201001, received 2025-08-22 |
| Participants, beginning of year | 310 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250822113147NAL0005087201001, received 2025-08-22 |
| Active participants | 175 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250822113147NAL0005087201001, received 2025-08-22 |
| Participants, end of year | 236 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250822113147NAL0005087201001, received 2025-08-22 |
| Participants with an account balance | 233 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250822113147NAL0005087201001, received 2025-08-22 |
| Total assets, beginning of year | $16,639,619 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250822113147NAL0005087201001, received 2025-08-22 |
| Total assets, end of year | $19,927,102 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250822113147NAL0005087201001, received 2025-08-22 |
| Net assets, end of year | $19,927,102 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250822113147NAL0005087201001, received 2025-08-22 |
| Total income | $5,241,560 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250822113147NAL0005087201001, received 2025-08-22 |
| Net income | $3,287,483 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250822113147NAL0005087201001, received 2025-08-22 |
| Employer contributions | $696,964 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250822113147NAL0005087201001, received 2025-08-22 |
| Participant contributions | $1,759,864 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250822113147NAL0005087201001, received 2025-08-22 |
| Other contributions (incl. rollovers) | $155,905 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250822113147NAL0005087201001, received 2025-08-22 |
| Total contributions | $2,612,733 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250822113147NAL0005087201001, received 2025-08-22 |
| Benefit payments | $1,799,872 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250822113147NAL0005087201001, received 2025-08-22 |
| Total expenses (incl. benefit payments) | $1,954,077 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250822113147NAL0005087201001, received 2025-08-22 |
| Total administrative expenses | $154,205 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250822113147NAL0005087201001, received 2025-08-22 |
| Recordkeeping fees | $154,205 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250822113147NAL0005087201001, received 2025-08-22 |
| Administrative expenses excluding investment management | $154,205 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250822113147NAL0005087201001, received 2025-08-22 |
| Held in mutual funds | $18,292,242 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20250822113147NAL0005087201001, received 2025-08-22 |
| Independent auditor | GRANT THORNTON LLP | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250822113147NAL0005087201001, received 2025-08-22 |
Position = column in the DOL layout for form year 2024. Filing 20250822113147NAL0005087201001, received 2025-08-22.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANYrecordkeeper | CONTRACT ADMINISTRATOR | 13 Contract administrator; 37 Participant loan processing; 50 Direct payment from the plan; 64 Recordkeeping fees | $154,205 | yes |
| S B H U LIFE AGENCY INC | INVESTMENT ADVISOR (PLAN | 49 Other services; 99 Other fees; 27 Investment advisory (plan) | $0 | yes |
| COASTAL PENSION SERVICES | THIRD PARTY ADMIN | 49 Other services; 99 Other fees; 17 Consulting (pension) | $0 | yes |
| WILSHIRE ASSOCIATES INCORPORATED | INVESTMENT ADVISORY | 27 Investment advisory (plan); 72 Other investment fees and expenses | $0 | yes |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20250822113147NAL0005087201001, received 2025-08-22.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $16,639,619 | $19,927,102 | 19.8% |
| Participants with a balance | 320 | 233 | -27.2% |
| Administrative expenses | $132,083 | $154,205 | 16.7% |
| Recordkeeping fees per participant | not reported | $661.82 | |
| Employer contributions | $714,272 | $696,964 | -2.4% |
Prior filing 20241011101455NAL0010804515001, received 2024-10-11; the plan years are contiguous.
Sponsor name as filed: RAPID FINANCIAL SERVICES, LLC; SEC registrant: Rapid Financial Services, LLC (CIK 1760320, matched by EIN).