Ringcentral Inc 401(k) Review & Grade
Ringcentral Inc.
Belmont, CAInformation2,122 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,821Employer $ per active participant
$12,296Employee $ saved per active participant
0.13%Direct admin cost, % of plan assets
$227.6MNet plan assets, end of year
$90,312Average balance per account
Score breakdown
- Employer generosity24.9 / 5050th percentile for employer $ per participant
- Low cost17.0 / 2568th percentile for low admin cost vs. same-size plans
- Employee saving11.0 / 1573th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score43 / 100 · Grade D
This plan vs. peers
Peers: Information plans with 500–2,499 active participants (310 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 50th |
| Lower admin cost | 68th |
| Employee saving | 73th |
| Peers that auto-enroll | 59% |
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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 ($1,132,070 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $6,853 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Ringcentral put in about $2,821 per active participant, below the typical peer ($2,829). 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 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 | $5,986,582 |
| Participant (employee) contributions | $26,097,883 |
| Other contributions (incl. rollovers in) | $4,726,757 |
| Administrative expenses paid from the plan | $262,422 |
| Investment advisory & management fees | $87,610 |
| Benefits paid out | $25,600,446 |
| Net assets, start / end of year | $187.7M / $227.6M |
| Active participants, start / end of year | 2,222 / 2,023 |
| Participants with account balances | 2,520 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Armanino LLP |
Largest service providers (Schedule C)
| Adp, Inc. | $174,812 reported compensation |
| Usi Advisors, Inc | $87,610 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251202103127NAL0006408275001, received 2025-12-02, EIN 94-3322844, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.