Plan Snapshot
- Plan Sponsor: Rite Aid Corporation
- Sponsor EIN: 231614034
- Sponsor Address: P O BOX 3165, HARRISBURG, PA, 17105
- Plan Type: 401(k)
- Total Participants: 16,944
- Total Assets: $3.2B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 16,944 | $3.2B | $31.0M | $73.5M |
| 2023 | 28,300 | $3.3B | $40.9M | $99.9M |
| 2022 | 30,314 | $2.9B | $40.9M | $100.5M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | NONE | $755,745 | — | $755,745 |
| EMPOWER ADVISORY GROUP, LLC | NONE | $725,711 | — | $725,711 |
| NEPC LLC | NONE | $126,337 | — | $126,337 |
| CLIFTONLARSONALLEN LLP | NONE | $14,805 | — | $14,805 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CLIFTONLARSONALLEN LLP — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,622,598
- Estimated Expense Ratio: 0.051% 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 | $2,146,367 | $852,048 | — | $14,805 | — |
| 2023 | $2,242,468 | $807,976 | — | $17,351 | — |
| 2022 | $2,074,527 | $1,043,249 | — | — | $17,325 |