Realpage, Inc 401(k) Review & Grade
Realpage, Inc. 401(k) Retirement Plan
Richardson, TXProfessional, Scientific & Technical Services3,100 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,602Employer $ per active participant
$10,322Employee $ saved per active participant
0.12%Direct admin cost, % of plan assets
$365.2MNet plan assets, end of year
$74,755Average balance per account
Score breakdown
- Employer generosity30.4 / 5061th percentile for employer $ per participant
- Low cost12.3 / 2549th percentile for low admin cost vs. same-size plans
- Employee saving8.5 / 1557th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score58 / 100 · Grade C
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 2,500–9,999 active participants (231 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 61th |
| Lower admin cost | 49th |
| Employee saving | 57th |
| Peers that auto-enroll | 47% |
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Red flags from the filing
Corrective distributions: the plan refunded $3,316 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Realpage put in about $3,602 per active participant, more than the typical peer ($2,951). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $11,169,287 |
| Participant (employee) contributions | $32,002,948 |
| Other contributions (incl. rollovers in) | $4,131,658 |
| Administrative expenses paid from the plan | $422,130 |
| Other admin expenses | $422,130 |
| Benefits paid out | $37,948,976 |
| Net assets, start / end of year | $313.0M / $365.2M |
| Active participants, start / end of year | 2,879 / 3,322 |
| Participants with account balances | 4,885 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| The Vanguard Group, Inc. | $366,555 reported compensation |
| Sageview Advisory Group, LLC | $45,000 reported compensation |
| Baker Tilly US LLP | $29,925 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251001115326NAL0012573857001, received 2025-10-01, EIN 75-2788861, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.