Range Generation Next LLC 401(k) Review & Grade
Rgnext 401k Plan
Melbourne, FLFinance & Insurance1,104 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,169Employer $ per active participant
$9,714Employee $ saved per active participant
0.09%Direct admin cost, % of plan assets
$112.4MNet plan assets, end of year
$99,100Average balance per account
Score breakdown
- Employer generosity21.0 / 5042th percentile for employer $ per participant
- Low cost18.9 / 2575th percentile for low admin cost vs. same-size plans
- Employee saving11.1 / 1574th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score51 / 100 · Grade C
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 42th |
| Lower admin cost | 75th |
| Employee saving | 74th |
| Peers that auto-enroll | 62% |
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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
- Range Generation Next put in about $3,169 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.
- 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 | $3,500,084 |
| Participant (employee) contributions | $10,729,220 |
| Other contributions (incl. rollovers in) | $806,093 |
| Administrative expenses paid from the plan | $97,810 |
| Contract administrator fees | $21,550 |
| Investment advisory & management fees | $74,214 |
| Other admin expenses | $2,046 |
| Benefits paid out | $11,326,155 |
| Net assets, start / end of year | $95.0M / $112.4M |
| Active participants, start / end of year | 1,276 / 933 |
| Participants with account balances | 1,134 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Pricewaterhousecoopers LLP |
Largest service providers (Schedule C)
| Voya Retirement Advisors, LLC | $74,018 reported compensation |
| Voya Retirement Insurance & Annuity | $24,483 reported compensation |
| Morningstar | $15,482 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251003153823NAL0001574081001, received 2025-10-03, EIN 46-2685728, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.