Plan Snapshot
- Plan Sponsor: Rite-Solutions, INC.
- Sponsor EIN: 061568667
- Sponsor Address: 185 S BROAD ST, SUITE 303, PAWCATUCK, CT, 06379
- Plan Type: 401(k)
- Total Participants: 477
- Total Assets: $63.8M
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 | 477 | $63.8M | $2.4M | $3.7M |
| 2023 | 449 | $54.4M | $2.1M | $3.2M |
| 2022 | 371 | $42.2M | $1.7M | $2.5M |
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 |
|---|---|---|---|---|
| GLOBAL RETIREMENT PARTNERS, LLC | INVESTMENT ADVISOR | $70,589 | — | $70,589 |
| T.ROWE PRICE RPS, INC. | RECORDKEEPER | $30,483 | — | $30,483 |
| AAFCPAS, INC. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GLOBAL RETIREMENT PARTNERS, LLC — INVESTMENT ADVISOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $101,072
- Estimated Expense Ratio: 0.159% 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 | $101,072 | $70,589 | — | — | — |
| 2023 | $88,377 | $56,622 | $31,755 | — | — |
| 2022 | $79,717 | $22,967 | — | — | $50,851 |