Rapid Mortgage Company 401(k) Plan
Rapid Mortgage Company, Cincinnati OH. Employer ID 352180985, plan number 001. Annual reports on file for 2017 to 2025.
Where the money went
- Filed 2017-2025Rapid Mortgage Company 401(k) Plan, Rapid Mortgage Company
- TodayRapid Mortgage Company 401(k) Plan still files. Empower Annuity Insurance Company O keeps the records. That is where to ask.
Records are kept by Empower Annuity Insurance Company O, per the 2023 filing.
Left in 2022, 2023? You may be owed employer money
- In plan year 2022, 112 people (63% of active participants) left before they were fully vested. Turnover that high can count as a partial plan termination (Revenue Ruling 2007-43), which requires full vesting of employer money for those who left. The plan may argue it was routine turnover. Filing
- In plan year 2023, active participants fell from 149 to 54 (64%), and 89 people left before they were fully vested. When a plan loses about 20% or more of its participants in a year, the IRS presumes a partial plan termination (Revenue Ruling 2007-43). Everyone who left in that period must then be fully vested in the employer's contributions. Filing
This is a reason to ask the plan, not a finding. The plan decides, and it may show the drop was routine.
Worked here?
Check your years. We show whether the plan merged or moved money while you were there, and draft the letter to the plan that holds it now.
Events in the filings
- 2025: This year's opening assets do not match last year's closing assets.
People in the plan
"Separated, still owed" counts people who left the employer but still have a benefit in the plan, as reported by the plan.
| Plan year | Participants | Separated, still owed | Source |
|---|---|---|---|
| 2017 | 55 | — | Filing |
| 2018 | 57 | — | Filing |
| 2019 | 110 | — | Filing |
| 2020 | 138 | — | Filing |
| 2021 | 186 | 7 | Filing |
| 2022 | 177 | 21 | Filing |
| 2023 | 86 | 27 | Filing |
| 2024 | 79 | — | Filing |
| 2025 | 84 | — | Filing |
Source: U.S. Department of Labor Form 5500 filings. Plan-level facts only; no one's balance. Information only, not legal advice.