Rising Ground, Inc. 401(k) Review & Grade
Employee Benefit Plan of Rising Ground, Inc.
Brooklyn, NYHealth Care & Social Assistance3,265 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$838Employer $ per active participant
$1,159Employee $ saved per active participant
0.09%Direct admin cost, % of plan assets
$44.3MNet plan assets, end of year
$15,417Average balance per account
Score breakdown
- Employer generosity25.9 / 5052th percentile for employer $ per participant
- Low cost15.2 / 2561th percentile for low admin cost vs. same-size plans
- Employee saving4.3 / 1529th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score45 / 100 · Grade C
This plan vs. peers
Peers: Health Care & Social Assistance plans with 2,500–9,999 active participants (312 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 52th |
| Lower admin cost | 61th |
| Employee saving | 29th |
| Peers that auto-enroll | 38% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($1,650,522 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Rising Ground put in about $838 per active participant, more than the typical peer ($800). 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.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $2,735,221 |
| Participant (employee) contributions | $3,785,060 |
| Other contributions (incl. rollovers in) | $221,676 |
| Administrative expenses paid from the plan | $37,818 |
| Other admin expenses | $37,818 |
| Benefits paid out | $7,195,736 |
| Net assets, start / end of year | $40.1M / $44.3M |
| Active participants, start / end of year | 3,071 / 3,459 |
| Participants with account balances | 2,874 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Bdo USA, P.C. |
Largest service providers (Schedule C)
| Mutual of America Investment Corp | $37,818 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260414140950NAL0011118643001, received 2026-04-14, EIN 13-1860451, plan #001, plan year 2024-07-01 to 2025-06-30. Verify at efast.dol.gov.