Plan Ledger DOL Form 5500 · updated monthly

Central Falls Detention Facility401(k)

CFDFC 401(K) PLAN · CENTRAL FALLS, RI · plan year 2024

Reported admin expense ratio · 2024
0.58%

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

Central Falls Detention Facility reported $45,786 in plan administrative expenses for 2024: 0.58% of average plan assets, above the peer median. Employer contributions averaged $1,500 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 0.55% to 0.58%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other public administration employers. By assets it is among the smaller plans on file in Rhode Island (182nd of 286), and 53rd of 90 in public administration. In 2024, employees put in $3.32 for every $1.00 the employer contributed; active participation has grown from 209 to 240 since 2022.

Plan summary
Net assets, end of year$8,520,530
Participants with balances182
Active participants240
Employer contributions$359,989
Employee contributions$1,193,633
Employer contribution per active participant$1,500
Average account balance$46,816
Benefits paid to participants$1,311,142
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$8.5M · 182 accts · $360K emplr
2023$7.3M · 171 accts · $307K emplr
2022$6.0M · 168 accts · $321K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$45,786
Total administrative$45,786
The Central Falls Detention Facility 401(k) match · 2024
Employer contribution per active participant$1,500
Median for plans this size$1,313
2024$1,500 per active participant
2023$1,391 per active participant
2022$1,534 per active participant

Central Falls Detention Facility's 2024 employer contribution ran above the $1,313 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
ADP, INC. · Recordkeeping$28,171
GLOBAL RETIREMENT PARTNERS · Recordkeeping · Trustee$17,615

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

Recordkeeper by year2
2024ADP, GLOBAL RETIREMENT PARTNERS
2023ADP, GLOBAL RETIREMENT PARTNERS

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$45,786 · 0.58%
2023$35,946 · 0.54%
2022$34,937 · 0.55%
Same employer
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Quinault Corporate WA$10.6M · 0.90%
Tqi Solutions, Inc. VA$10.0M · 0.05%
Taos Pueblo NM$9.5M · 1.21%
Tonto Apache Tribe AZ$8.3M · 0.60%
Las Vegas Paiute Tribe NV$8.0M · 1.01%
Yavapai Apache Nation AZ$7.5M · 0.11%

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Source: U.S. Department of Labor, Form 5500 series, EIN 050475439 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.