Plan Snapshot
- Plan Sponsor: Rakuten Usa
- Sponsor EIN: 943377047
- Sponsor Address: 800 CONCAR DRIVE, SAN MATEO, CA, 94402
- Plan Type: 401(k)
- Total Participants: 1,567
- Total Assets: $310.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 1,567 | $310.5M | $9.1M | $22.3M |
| 2023 | 1,568 | $252.6M | $9.4M | $22.6M |
| 2022 | 1,771 | $192.6M | $10.2M | $21.2M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $123,169 | — | $123,169 |
| NEWFRONT RETIREMENT SERVICES INC | ADVISOR | $100,000 | — | $100,000 |
| THE ANGELL PENSION GROUP, INC. | ADMINISTRATOR | $27,928 | — | $27,928 |
| MOSS ADAMS LLP | ACCOUNTANT/AUDITOR | $25,725 | — | $25,725 |
| BAKER TILLY US, LLP | Auditor | $25,725 | — | $25,725 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- MOSS ADAMS LLP — ACCOUNTANT/AUDITOR
- BAKER TILLY US, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $302,547
- Estimated Expense Ratio: 0.097% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $272,433 | — | $1,200 | $25,725 | — |
| 2023 | $256,694 | $59,985 | $300 | $24,675 | — |
| 2022 | $357,118 | — | — | — | — |