Relation Insurance, Inc. 401(k) Review & Grade
Relation Insurance, Inc. Retirement Savings Plan
Overland Park, KSFinance & Insurance1,327 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,081Employer $ per active participant
$7,528Employee $ saved per active participant
0.21%Direct admin cost, % of plan assets
$114.9MNet plan assets, end of year
$77,710Average balance per account
Score breakdown
- Employer generosity10.8 / 5022th percentile for employer $ per participant
- Low cost13.4 / 2553th percentile for low admin cost vs. same-size plans
- Employee saving8.3 / 1555th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score33 / 100 · Grade D
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 22th |
| Lower admin cost | 53th |
| Employee saving | 55th |
| Peers that auto-enroll | 62% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($775 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Relation Insurance put in about $2,081 per active participant, below the typical peer ($3,606). Any match is still an instant return, so contribute enough to get all of it.
- 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.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $2,761,247 |
| Participant (employee) contributions | $9,989,475 |
| Other contributions (incl. rollovers in) | $2,209,605 |
| Administrative expenses paid from the plan | $220,961 |
| Contract administrator fees | $220,961 |
| Benefits paid out | $10,555,949 |
| Net assets, start / end of year | $99.6M / $114.9M |
| Active participants, start / end of year | 1,313 / 1,341 |
| Participants with account balances | 1,479 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | RSM US LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $218,588 reported compensation |
| Commonwealth Financial Network | $43,650 reported compensation |
| Morningstar Investment Management L | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250731100523NAL0005857409001, received 2025-07-31, EIN 26-0291031, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.