Red Ventures LLC 401(k) Review & Grade
Red Ventures, LLC 401(k) Plan
Fort Mill, SCProfessional, Scientific & Technical Services1,807 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$4,235Employer $ per active participant
$9,539Employee $ saved per active participant
0.18%Direct admin cost, % of plan assets
$234.5MNet plan assets, end of year
$68,615Average balance per account
Score breakdown
- Employer generosity33.4 / 5067th percentile for employer $ per participant
- Low cost14.4 / 2558th percentile for low admin cost vs. same-size plans
- Employee saving8.2 / 1555th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score59 / 100 · Grade C
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 67th |
| Lower admin cost | 58th |
| Employee saving | 55th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Red Ventures put in about $4,235 per active participant, more than the typical peer ($3,082). 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.
- 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 | $7,651,766 |
| Participant (employee) contributions | $17,236,956 |
| Other contributions (incl. rollovers in) | $3,452,964 |
| Administrative expenses paid from the plan | $403,266 |
| Contract administrator fees | $300 |
| Investment advisory & management fees | $127,915 |
| Benefits paid out | $37,496,539 |
| Net assets, start / end of year | $211.6M / $234.5M |
| Active participants, start / end of year | 1,836 / 1,778 |
| Participants with account balances | 3,418 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cliftonlarsonallen LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $275,351 reported compensation |
| Strategic Advisors, Inc. | $77,915 reported compensation |
| Kestra Investment Services LLC | $50,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250815132457NAL0010212627001, received 2025-08-15, EIN 56-2177622, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.