The Rfa Group, Inc. 401(k) Review & Grade
The Rfa Group Retirement Savings Plan
Eden Prairie, MNProfessional, Scientific & Technical Services518 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,975Employer $ per active participant
$6,435Employee $ saved per active participant
0.28%Direct admin cost, % of plan assets
$39.9MNet plan assets, end of year
$73,499Average balance per account
Score breakdown
- Employer generosity16.8 / 5034th percentile for employer $ per participant
- Low cost10.8 / 2543th percentile for low admin cost vs. same-size plans
- Employee saving4.8 / 1532th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score32 / 100 · Grade D
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 34th |
| Lower admin cost | 43th |
| Employee saving | 32th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $1,429 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Rfa Group put in about $1,975 per active participant, below the typical peer ($3,082). 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.
- 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 | $1,022,930 |
| Participant (employee) contributions | $3,333,293 |
| Other contributions (incl. rollovers in) | $329,885 |
| Administrative expenses paid from the plan | $99,646 |
| Contract administrator fees | $39,614 |
| Investment advisory & management fees | $60,032 |
| Benefits paid out | $1,846,987 |
| Net assets, start / end of year | $31.8M / $39.9M |
| Active participants, start / end of year | 536 / 500 |
| Participants with account balances | 543 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | LB Carlson |
Largest service providers (Schedule C)
| LPL Financial Rpcp | $60,032 reported compensation |
| Ascensus LLC | $40,811 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251007153600NAL0004788865001, received 2025-10-07, EIN 47-5512830, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.