Plan Snapshot
- Plan Sponsor: Rapid7 LLC
- Sponsor EIN: 743111935
- Sponsor Address: 120 CAUSEWAY STREET, BOSTON, MA, 02114
- Plan Type: 401(k)
- Total Participants: 1,250
- Total Assets: $158.5M
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 | 1,250 | $158.5M | $3.5M | $16.7M |
| 2023 | 1,300 | $134.5M | $4.3M | $18.8M |
| 2022 | 1,674 | $101.6M | $4.3M | $18.5M |
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 | $157,467 | — | $157,467 |
| ONEDIGITAL INVESTMENT ADVISORS LLC | ADVISOR | $120,000 | — | $120,000 |
| STRATEGIC ADVISORS, INC. | ADVISOR | $32,565 | — | $32,565 |
| GRANT THORNTON | ACCOUNTANT | $28,355 | — | $28,355 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- ONEDIGITAL INVESTMENT ADVISORS LLC — ADVISOR
- STRATEGIC ADVISORS, INC. — ADVISOR
- GRANT THORNTON — ACCOUNTANT
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $338,387
- Estimated Expense Ratio: 0.213% 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 | $337,565 | $152,565 | $600 | $28,355 | — |
| 2023 | $300,527 | $145,026 | $1,200 | $27,300 | — |
| 2022 | $295,075 | $17,210 | — | — | — |