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: 5,165
- Total Assets: $68.8M
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 | 5,165 | $68.8M | $333,608 | $5.8M |
| 2023 | 7,237 | $68.4M | $407,422 | $6.3M |
| 2022 | 7,833 | $57.3M | $354,384 | $6.6M |
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 | $100,974 | — | $100,974 |
| EMPOWER ADVISORY GROUP, LLC | NONE | $22,785 | — | $22,785 |
| CLIFTONLARSONALLEN LLP | NONE | $16,800 | — | $16,800 |
| NEPC LLC | NONE | $16,721 | — | $16,721 |
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: $157,280
- Estimated Expense Ratio: 0.229% 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 | $208,471 | $39,506 | — | $16,800 | — |
| 2023 | $235,299 | $37,506 | — | $15,094 | — |
| 2022 | $196,558 | $70,683 | — | — | — |