# Rapid Financial Services, LLC 401(k) Plan
Source: https://planprovider.pro/companies/rapid-financial-services-llc-401k-plan

> Rapid Financial Services, LLC's 401(k) plan: 175 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Rapid Financial Services, LLC

- **Sponsor EIN:** 271333844

- **Sponsor Address:** 4500 EAST-WEST HIGHWAY, 6TH FLOOR, BETHESDA, MD, 20814

- **Plan Type:** 401(k)

- **Total Participants:** 175

- **Total Assets:** $19.9M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** Yes

- **Participant Loans:** No

- **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|175|$19.9M|$696,964|$1.8M|

| 2023|177|$16.6M|$714,272|$1.8M|

| 2022|289|$14.8M|$823,506|$2.2M|

| 2019|178|$8.4M|$0|$0|

## 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|

| GRANT THORNTON LLP|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [GRANT THORNTON LLP](https://planprovider.pro/provider/grant-thornton-llp) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $0

### 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|$154,205|—|—|—|—|

| 2023|$132,083|—|$132,083|—|—|

| 2022|$114,753|—|$114,753|—|—|

| 2019|$50,630|—|$50,630|—|—|

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