RGG Services, Inc. 401(k) Review & Grade
Rue Gilt Groupe 401k Plan
Boston, MARetail Trade776 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,198Employer $ per active participant
$5,539Employee $ saved per active participant
0.16%Direct admin cost, % of plan assets
$53.8MNet plan assets, end of year
$43,884Average balance per account
Score breakdown
- Employer generosity34.4 / 5069th percentile for employer $ per participant
- Low cost15.5 / 2562th percentile for low admin cost vs. same-size plans
- Employee saving13.2 / 1588th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score63 / 100 · Grade B
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 69th |
| Lower admin cost | 62th |
| Employee saving | 88th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $674 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- RGG Services put in about $1,198 per active participant, more than the typical peer ($743). 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.
- 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 | $929,767 |
| Participant (employee) contributions | $4,297,931 |
| Other contributions (incl. rollovers in) | $725,780 |
| Administrative expenses paid from the plan | $77,376 |
| Investment advisory & management fees | $24,592 |
| Benefits paid out | $5,741,291 |
| Net assets, start / end of year | $45.5M / $53.8M |
| Active participants, start / end of year | 788 / 764 |
| Participants with account balances | 1,227 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cbiz Cpas PC. |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $52,784 reported compensation |
| Global Retirement Partners LLC | $24,592 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250812130416NAL0022948946001, received 2025-08-12, EIN 04-3505021, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.