Raymond Management Company, Inc. 401(k) Review & Grade
Raymond Retirement Plan
Madison, WIAccommodation & Food Services998 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$195Employer $ per active participant
$1,378Employee $ saved per active participant
0.46%Direct admin cost, % of plan assets
$18.4MNet plan assets, end of year
$22,296Average balance per account
Score breakdown
- Employer generosity20.2 / 5040th percentile for employer $ per participant
- Low cost6.5 / 2526th percentile for low admin cost vs. same-size plans
- Employee saving10.9 / 1573th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score38 / 100 · Grade D
This plan vs. peers
Peers: Accommodation & Food Services plans with 500–2,499 active participants (458 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 40th |
| Lower admin cost | 26th |
| Employee saving | 73th |
| Peers that auto-enroll | 17% |
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Red flags from the filing
Corrective distributions: the plan refunded $30,566 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Raymond Management Company put in about $195 per active participant, below the typical peer ($266). Any match is still an instant return, so contribute enough to get all of it.
- 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.
- Direct plan expenses (0.46% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $194,203 |
| Participant (employee) contributions | $1,374,074 |
| Other contributions (incl. rollovers in) | $7,948 |
| Administrative expenses paid from the plan | $78,291 |
| Benefits paid out | $1,382,333 |
| Net assets, start / end of year | $15.9M / $18.4M |
| Active participants, start / end of year | 1,045 / 950 |
| Participants with account balances | 825 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Wipfli LLP |
Largest service providers (Schedule C)
| Oneamerica Retirement Services, LLC | $66,261 reported compensation |
| Wipfli | $12,030 reported compensation |
| Matrix Trust Company | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015134128NAL0002382019001, received 2025-10-15, EIN 39-1424051, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.