Risepoint, LLC 401(k) Review & Grade
Risepoint, LLC Retirement Savings Plan
Claymont, DEEducational Services1,098 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,738Employer $ per active participant
$8,654Employee $ saved per active participant
0.27%Direct admin cost, % of plan assets
$94.6MNet plan assets, end of year
$56,233Average balance per account
Score breakdown
- Employer generosity39.9 / 5080th percentile for employer $ per participant
- Low cost11.1 / 2544th percentile for low admin cost vs. same-size plans
- Employee saving14.0 / 1593th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score75 / 100 · Grade A
This plan vs. peers
Peers: Educational Services plans with 500–2,499 active participants (144 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 80th |
| Lower admin cost | 44th |
| Employee saving | 93th |
| Peers that auto-enroll | 37% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Risepoint put in about $2,738 per active participant, more than the typical peer ($1,225). 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 | $3,004,687 |
| Participant (employee) contributions | $9,498,082 |
| Other contributions (incl. rollovers in) | $3,013,224 |
| Administrative expenses paid from the plan | $176,350 |
| Investment advisory & management fees | $73,127 |
| Benefits paid out | $9,129,021 |
| Net assets, start / end of year | $35.7M / $94.6M |
| Active participants, start / end of year | 632 / 1,563 |
| Participants with account balances | 1,683 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Whitley Penn LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $103,223 reported compensation |
| Creative Planning LLC | $61,413 reported compensation |
| Strategic Advisors, Inc. | $11,713 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251009164551NAL0004110707001, received 2025-10-09, EIN 27-2009059, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.