401k Record

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Rarestep 401(k)

Recordkeeping fees per participant · Fleetio 401(k) Plan · plan year 2024

$84.09

Higher than 50% of the 14,075 plans $10 to 50M that report it.

Source

= $26,151 / 311
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250909080128NAL0012754387001, received 2025-09-09
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250909080128NAL0012754387001, received 2025-09-09

10th: $10.53median $83.9490th: $217.08

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 2025-09-09.

Cost and contributions

Administrative expenses excluding investment management, per participant

$131.21

10th: $15.36median $118.8890th: $340.63

Higher than 55% of the 24,371 plans $10 to 50M that report it.

Source

= $40,805 / 311
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250909080128NAL0012754387001, received 2025-09-09
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250909080128NAL0012754387001, received 2025-09-09

Administrative expenses per participant

$133.40

10th: $26.86median $197.2590th: $456.10

Higher than 35% of the 25,098 plans $10 to 50M that report it.

Source

= $41,487 / 311
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250909080128NAL0012754387001, received 2025-09-09
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250909080128NAL0012754387001, received 2025-09-09

Administrative expenses as a share of assets

0.301%

10th: 0.035%median 0.289%90th: 0.599%

Higher than 52% of the 25,132 plans $10 to 50M that report it.

Source

= $41,487 / $13,803,435
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250909080128NAL0012754387001, received 2025-09-09
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250909080128NAL0012754387001, received 2025-09-09

Employer contributions per participant

$3,922

10th: $664median $2,07490th: $4,751

Higher than 84% of the 24,050 plans $10 to 50M that report it.

Source

= $1,219,669 / 311
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250909080128NAL0012754387001, received 2025-09-09
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250909080128NAL0012754387001, received 2025-09-09

Employer share of total contributions

23.4%

10th: 13.1%median 27.9%90th: 45.2%

Higher than 34% of the 24,084 plans $10 to 50M that report it.

Source

= $1,219,669 / $5,207,767
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250909080128NAL0012754387001, received 2025-09-09
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250909080128NAL0012754387001, received 2025-09-09

Plan terms, as stated in Rarestep, Inc.'s SEC filings

Plan terms are not published in public filings.

Plan features

2F ERISA 404(c) plan · 2G fully participant-directed · 2T default investment (QDIA) · 2J 401(k) feature · 2K 401(m) arrangement · 2S pre-approved plan document · 3D IRS pre-approved plan · 2E profit-sharing · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250909080128NAL0012754387001, received 2025-09-09

Full record, Fleetio 401(k) Plan

FieldValueSource
Plan sponsorRARESTEP, INC.Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250909080128NAL0012754387001, received 2025-09-09
Plan nameFLEETIO 401(K) PLANForm 5500, line 1a; PLAN_NAME pos 16; filing 20250909080128NAL0012754387001, received 2025-09-09
Sponsor EIN / plan number45-2338164 / 002Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250909080128NAL0012754387001, received 2025-09-09
Plan typesingle-employerForm 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250909080128NAL0012754387001, received 2025-09-09
Sponsor locationBIRMINGHAM, ALForm 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250909080128NAL0012754387001, received 2025-09-09
Industry (business code)518210, InformationForm 5500, line 2d; BUSINESS_CODE pos 46; filing 20250909080128NAL0012754387001, received 2025-09-09
Plan year2024-01-01 to 2024-12-31Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250909080128NAL0012754387001, received 2025-09-09
Filing received2025-09-09Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250909080128NAL0012754387001, received 2025-09-09
Final filingnoForm 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250909080128NAL0012754387001, received 2025-09-09
Amended filingnoForm 5500, Part I line B; AMENDED_IND pos 7; filing 20250909080128NAL0012754387001, received 2025-09-09
Participants, beginning of year302Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250909080128NAL0012754387001, received 2025-09-09
Active participants283Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250909080128NAL0012754387001, received 2025-09-09
Participants, end of year343Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250909080128NAL0012754387001, received 2025-09-09
Participants with an account balance311Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250909080128NAL0012754387001, received 2025-09-09
Total assets, beginning of year$8,092,871Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250909080128NAL0012754387001, received 2025-09-09
Total assets, end of year$13,803,435Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250909080128NAL0012754387001, received 2025-09-09
Net assets, end of year$13,803,435Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250909080128NAL0012754387001, received 2025-09-09
Total income$6,740,203Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250909080128NAL0012754387001, received 2025-09-09
Net income$5,710,564Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250909080128NAL0012754387001, received 2025-09-09
Employer contributions$1,219,669Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250909080128NAL0012754387001, received 2025-09-09
Participant contributions$2,446,949Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250909080128NAL0012754387001, received 2025-09-09
Other contributions (incl. rollovers)$1,541,149Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250909080128NAL0012754387001, received 2025-09-09
Total contributions$5,207,767Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250909080128NAL0012754387001, received 2025-09-09
Benefit payments$988,152Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250909080128NAL0012754387001, received 2025-09-09
Total expenses (incl. benefit payments)$1,029,639Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250909080128NAL0012754387001, received 2025-09-09
Total administrative expenses$41,487Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250909080128NAL0012754387001, received 2025-09-09
Contract administrator fees$0Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20250909080128NAL0012754387001, received 2025-09-09
Recordkeeping fees$26,151Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250909080128NAL0012754387001, received 2025-09-09
IQPA audit fees$0Schedule H, line 2i(4); IQPA_AUDIT_FEES_AMT pos 161; filing 20250909080128NAL0012754387001, received 2025-09-09
Investment advisory and management fees$682Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20250909080128NAL0012754387001, received 2025-09-09
Administrative expenses excluding investment management$40,805derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250909080128NAL0012754387001, received 2025-09-09
Held in master trusts$0Schedule H, line 1c(11) col (b); INT_MASTER_TR_EOY_AMT pos 53; filing 20250909080128NAL0012754387001, received 2025-09-09
Held in common/collective trusts$0Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20250909080128NAL0012754387001, received 2025-09-09
Held in mutual funds$13,568,682Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20250909080128NAL0012754387001, received 2025-09-09
Independent auditorWARREN AVERETT, LLCSchedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250909080128NAL0012754387001, received 2025-09-09

Position = column in the DOL layout for form year 2024. Filing 20250909080128NAL0012754387001, received 2025-09-09.

Service providers paid directly by the plan

ProviderRelationshipService codesDirect compensationIndirect
FIDELITY INVESTMENTS INSTITUTIONALrecordkeeperRECORDKEEPER 37 Participant loan processing; 60 Sub-transfer agency fees; 64 Recordkeeping fees; 65 Account maintenance fees $26,151yes
CAPTRUSTCONSULTANT 27 Investment advisory (plan) $14,654no

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 20250909080128NAL0012754387001, received 2025-09-09.

What changed since the 2023 plan year

Figure20232024Change
Total assets$8,092,871$13,803,43570.6%
Participants with a balance25731121.0%
Administrative expenses$8,100$41,487412.2%
Recordkeeping fees per participant$31.52$84.09166.8%
Employer contributions$933,952$1,219,66930.6%

Prior filing 20241010124618NAL0020091617001, received 2024-10-10; the plan years are contiguous.

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Sponsor name as filed: RARESTEP, INC.; SEC registrant: Rarestep, Inc. (CIK 1771388, matched by EIN).