Plan Ledger DOL Form 5500 · updated monthly

Beta Group Inc401(k)

BETA GROUP INC. 401(K) PROFIT SHARING PLAN & TRUST · LINCOLN, RI · plan year 2024

Reported admin expense ratio · 2024
0.12%

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

Beta Group Inc reported $48,616 in plan administrative expenses for 2024: 0.12% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,092 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 2 years on file its reported administrative ratio rose from 0.11% to 0.12%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 77th-largest of 286 plans among Rhode Island employers on file, and the 3,171st of 11,654 in professional & technical services. In 2024, employees put in $5.73 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$42,229,465
Participants with balances187
Active participants163
Employer contributions$341,017
Employee contributions$1,954,906
Employer contribution per active participant$2,092
Average account balance$225,826
Benefits paid to participants$4,620,573
Plan auditUnmodified (clean) audit opinion
AuditorMINSK, GOULD, TATTRIE & LUSSIER, LL
Plan history3
Yearassets · accounts · employer contribution
2024$42.2M · 187 accts · $341K emplr
2023$38.6M · 184 accts · $322K emplr
2022$31.8M · 174 accts · $298K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$30,521
Investment management$16,945
Total administrative$48,616
The Beta Group Inc 401(k) match · 2024
Employer contribution per active participant$2,092
Median for plans this size$2,416
2024$2,092 per active participant
2023$1,893 per active participant
2022$1,923 per active participant

Beta Group Inc's 2024 employer contribution ran below the $2,416 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.

Service providers · 20242
FIDELITY WORKPLACE SERVICES LLC · Plan administrator · Trustee (discretionary)$24,834
CETERA INVESTMENT ADVISORS LLC · Investment advisory (plan)$13,463

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$48,616 · 0.12%
2023$49,034 · 0.14%
2022$38,479 · 0.11%
All plans at this employer2
BETA GROUP INC. 401(K) PROFIT SHARING PLAN & TRUST401(k)
BETA GROUP, INC. EMPLOYEE STOCK OWNERSHIP PLANESOP
Same employer
Similar plansProfessional & Technical Services · Rhode Island
Cai Software LLC RI$36.3M · 0.13%
Purvis Systems Inc RI$28.8M · 0.37%
Dominion Diagnostics, LLC RI$28.1M · 0.37%

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Source: U.S. Department of Labor, Form 5500 series, EIN 050398907 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.