RPC, Inc. 401(k) Review & Grade
RPC, Inc. Retirement Savings Plan
ST Augustine, FLReal Estate & Rental2,366 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$7,696Employer $ per active participant
$6,861Employee $ saved per active participant
0.09%Direct admin cost, % of plan assets
$326.1MNet plan assets, end of year
$104,111Average balance per account
Score breakdown
- Employer generosity48.6 / 5097th percentile for employer $ per participant
- Low cost19.3 / 2577th percentile for low admin cost vs. same-size plans
- Employee saving12.5 / 1583th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score87 / 100 · Grade A
This plan vs. peers
Peers: Real Estate & Rental plans with 500–2,499 active participants (291 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 97th |
| Lower admin cost | 77th |
| Employee saving | 83th |
| Peers that auto-enroll | 47% |
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Red flags from the filing
Corrective distributions: the plan refunded $145 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- RPC put in about $7,696 per active participant, more than the typical peer ($1,279). 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 | $18,211,716 |
| Participant (employee) contributions | $16,237,703 |
| Other contributions (incl. rollovers in) | $512,318 |
| Administrative expenses paid from the plan | $268,982 |
| Benefits paid out | $29,514,465 |
| Net assets, start / end of year | $287.7M / $326.1M |
| Active participants, start / end of year | 2,322 / 2,411 |
| Participants with account balances | 3,132 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Forvis Mazars,llp |
Largest service providers (Schedule C)
| NFP Retirement Inc | $286,306 reported compensation |
| Empower Annuity Insurance Company O | $268,982 reported compensation |
| Kestra Investment Services LLC | $2,104 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250903152417NAL0015326497001, received 2025-09-03, EIN 59-2707333, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.