Plan Ledger DOL Form 5500 · updated monthly

East Bay Community Action Program, Inc.403(b)

EAST BAY COMMUNITY ACTION PROGRAM, INC. RETIREMENT PLAN · NEWPORT, RI · plan year 2024

Reported admin expense ratio · 2024
0.05%

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

East Bay Community Action Program, Inc. reported $10,696 in plan administrative expenses for 2024: 0.05% of average plan assets, lower than ~75% of peers. Employer contributions averaged $967 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 0.04% to 0.05%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 109th-largest of 286 plans among Rhode Island employers on file, and the 3,267th of 11,911 in health care & social assistance. In 2024, employees put in $2.69 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$23,855,746
Participants with balances362
Active participants462
Employer contributions$446,560
Employee contributions$1,200,691
Employer contribution per active participant$967
Average account balance$65,900
Benefits paid to participants$2,964,707
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$23.9M · 362 accts · $447K emplr
2023$22.4M · 346 accts · $440K emplr
2022$19.6M · 341 accts · $412K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$10,696
Total administrative$10,696
Employer contributions to the East Bay Community Action Program, Inc. plan · 2024
Employer contribution per active participant$967
Median for plans this size$2,416
2024$967 per active participant
2023$817 per active participant
2022$819 per active participant

East Bay Community Action Program, Inc.'s 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom quarter of its peers. 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 · 20244
EMPOWER ADVISORY GROUP, LLC · Investment management$1,401
THE ANGELL PENSION GROUP INC · Contract administrator$525
KESTRA INVESTMENT SERVICESindirect comp

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$10,696 · 0.05%
2023$9,344 · 0.04%
2022$7,929 · 0.04%
Same employer
Similar plansHealth Care & Social Assistance · Rhode Island
Meeting Street RI$28.1M · 0.27%
Perspectives Corporation RI$27.5M · 0.33%
Groden Center, Inc. RI$18.8M · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 050310024 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.