Plan Ledger DOL Form 5500 · updated monthly

Aipso401(k)

INSURANCE COMPANY SUPPORTED ORGANIZATIONS 401(K) SAVINGS PLAN · JOHNSTON, RI · plan year 2024

Reported admin expense ratio · 2024
0.10%

Peer grade: B+ · admin costs + employer contributions vs same-size plans · how grading works

Aipso reported $125,094 in plan administrative expenses for 2024: 0.10% of average plan assets, below the peer median. Employer contributions averaged $4,606 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 3 years on file its reported administrative ratio has held roughly steady near 0.10%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other finance & insurance employers. By assets it is the 36th-largest of 286 plans among Rhode Island employers on file, and the 788th of 4,798 in finance & insurance. In 2024, employees put in $1.72 for every $1.00 the employer contributed; active participation has grown from 436 to 550 since 2022.

Plan summary
Net assets, end of year$136,432,010
Participants with balances698
Active participants550
Employer contributions$2,533,099
Employee contributions$4,353,146
Employer contribution per active participant$4,606
Average account balance$195,461
Benefits paid to participants$9,355,325
Plan auditUnmodified (clean) audit opinion
AuditorTHOMAS HOWELL FERGUSON P.A.
Plan history3
Yearassets · accounts · employer contribution
2024$136.4M · 698 accts · $2.5M emplr
2023$124.5M · 630 accts · $2.2M emplr
2022$105.8M · 546 accts · $1.8M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$123,744
Total administrative$125,094
The Aipso 401(k) match · 2024
Employer contribution per active participant$4,606
Median for plans this size$3,635
2024$4,606 per active participant
2023$4,332 per active participant
2022$4,205 per active participant

Aipso's 2024 employer contribution ran above the $3,635 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history3
2024$125,094 · 0.10%
2023$106,236 · 0.09%
2022$106,232 · 0.09%
Same employer
Similar plansFinance & Insurance · Rhode Island
Ibew Local Union No. 99 RI$178.4M · 0.34%
Local 51 RI$82.9M · 0.62%

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Source: U.S. Department of Labor, Form 5500 series, EIN 132732270 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.