Frank, Rimerman + Co. LLP 401(k) Review & Grade
Frank, Rimerman + Co. LLP 401(k) & Profit Sharing Plan
San Jose, CAProfessional, Scientific & Technical Services758 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,565Employer $ per active participant
$10,759Employee $ saved per active participant
0.12%Direct admin cost, % of plan assets
$109.1MNet plan assets, end of year
$111,033Average balance per account
Score breakdown
- Employer generosity29.4 / 5059th percentile for employer $ per participant
- Low cost17.4 / 2570th percentile for low admin cost vs. same-size plans
- Employee saving9.8 / 1565th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score64 / 100 · Grade B
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 59th |
| Lower admin cost | 70th |
| Employee saving | 65th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $4,834 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Frank, Rimerman + Co. LLP put in about $3,565 per active participant, more than the typical peer ($3,082). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $2,702,412 |
| Participant (employee) contributions | $8,155,402 |
| Other contributions (incl. rollovers in) | $314,293 |
| Administrative expenses paid from the plan | $117,532 |
| Investment advisory & management fees | $68,246 |
| Benefits paid out | $3,849,256 |
| Net assets, start / end of year | $88.0M / $109.1M |
| Active participants, start / end of year | 725 / 791 |
| Participants with account balances | 983 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cliftonlarsonallen |
Largest service providers (Schedule C)
| Robertson Stephens Wealth Managemen | $68,246 reported compensation |
| Empower Annuity Insurance Company O | $49,286 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250807161255NAL0003811779001, received 2025-08-07, EIN 94-1341042, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.