Plan Snapshot
- Plan Sponsor: Rite Of Passage, INC.
- Sponsor EIN: 880235002
- Sponsor Address: 2560 BUSINESS PKWY, STE. A, MINDEN, NV, 894238961
- Plan Type: 401(k)
- Total Participants: 1,232
- Total Assets: $34.3M
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 | 1,232 | $34.3M | $1.8M | $2.2M |
| 2023 | 1,130 | $31.3M | $1.6M | $2.0M |
| 2022 | 950 | $27.3M | $1.5M | $1.9M |
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 |
|---|---|---|---|---|
| LINCOLN INVESTMENT PLANNING | INVESTMENT MANAGER | — | $97,580 | $97,580 |
| NATIONWIDE | RECORDKEEPER | $80,284 | — | $80,284 |
| NORTON RETIREMENT SERVICES, INC. | TPA | $26,204 | $15,637 | $41,841 |
| PROACCOUNT | INVESTMENT ADVISORY PART | $25,104 | — | $25,104 |
| LEAFHOUSE FINANCIAL ADVISORS LLC | INVESTMENT ADVISORY | $16,503 | — | $16,503 |
| FARBER HASS HURLEY LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- LINCOLN INVESTMENT PLANNING — INVESTMENT MANAGER
- NATIONWIDE — RECORDKEEPER
- PROACCOUNT — INVESTMENT ADVISORY PART
- FARBER HASS HURLEY LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $261,312
- Estimated Expense Ratio: 0.762% 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 | $68,073 | $68,073 | — | — | — |
| 2023 | $58,184 | $58,184 | — | — | — |
| 2022 | $55,077 | $55,077 | — | — | — |