Rapid Financial Services, LLC 401(K) Retirement Plan — Form 5500 plan (Rapid Financial Services, LLC)
Plain-English plan summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Rapid Financial Services, LLC 401(K) Retirement Plan is a benefit plan reported by Rapid Financial Services, LLC under EIN 27-1333844 and plan number 001. The latest loaded filing year is 2023. The filing reports 197 participants and $8,401,410 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Rapid Financial Services, LLC
- EIN
- 27-1333844
- Plan number
- 001
- Plan type
- 2
- Location
- Bethesda, MD
- Latest filing year
- 2023
- Participants
- 197
- End-of-year plan assets
- $8,401,410
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 197 | H, C | 20240130100054NAL0039347474001 |
| 2023 | 336 | H, C | 20241011101455NAL0010804515001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $16,639,619
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $16,639,619
- Net assets (BOY)
- $14,754,406
Income & contributions
- Employer contributions
- $714,272
- Participant contributions
- $1,768,675
- Total contributions
- $2,587,945
- Total income / additions
- $5,291,978
Expenses & distributions
- Benefits paid
- $3,274,682
- Administrative expenses
- $132,083
- Total expenses
- $3,406,765
- Net increase / (decrease)
- $1,885,213
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $132,083 | $0 | 2023 |
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $50,630 | $0 | 2023 |
| S B H U Life Agency Inc | INVESTMENT ADVISOR (PLAN | $0 | $34,101 | 2023 |
| S B H U Life Agency Inc | OTHER SERVICES | $0 | $7,539 | 2023 |
| Coastal Pension Services | THIRD PARTY ADMIN | $0 | $6,820 | 2023 |
| Coastal Pension Services Inc | OTHER SERVICES | $0 | $2,787 | 2023 |
| Wilshire Associates Incorporated | INVESTMENT ADVISORY | $0 | $0 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Rapid Financial Services, LLC
- 2023 Form 5500 filing
- 2023 Form 5500 filing
- Form 5500 filings in MD
- 401(k) and benefit plan filings in Bethesda, MD
- Principal Life Insurance Company — Schedule C compensation
- S B H U Life Agency Inc — Schedule C compensation
- Coastal Pension Services — Schedule C compensation
- Coastal Pension Services Inc — Schedule C compensation
- Wilshire Associates Incorporated — Schedule C compensation