Plan Ledger DOL Form 5500 · updated monthly

East Side Service Center Inc401(k)

EAST SIDE SERVICE CENTER INC 401(K) PROFIT SHARING PLAN & TRUST · LINCOLN, RI · plan year 2024

Reported admin expense ratio · 2024
0.39%

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

East Side Service Center Inc reported $54,909 in plan administrative expenses for 2024: 0.39% of average plan assets, above the peer median. Employer contributions averaged $912 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 0.39%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Rhode Island (145th of 286), and the 1,880th of 5,215 in retail trade. In 2024, employees put in $2.14 for every $1.00 the employer contributed; active participation has grown from 379 to 486 since 2022.

Plan summary
Net assets, end of year$15,273,951
Participants with balances207
Active participants486
Employer contributions$443,325
Employee contributions$948,654
Employer contribution per active participant$912
Average account balance$73,787
Benefits paid to participants$366,268
Plan auditUnmodified (clean) audit opinion
AuditorMIKE AVERSANO CPA, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$15.3M · 207 accts · $443K emplr
2023$12.7M · 180 accts · $387K emplr
2022$10.4M · 159 accts · $345K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$30,120
Investment management$23,929
Trustee / custodial$860
Total administrative$54,909
The East Side Service Center Inc 401(k) match · 2024
Employer contribution per active participant$912
Median for plans this size$2,416
2024$912 per active participant
2023$944 per active participant
2022$909 per active participant

East Side Service Center 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 · 20242
PAYCHEX, INC. · Contract administrator · Recordkeeping$27,218
EXCEL WEALTH MANAGEMENT, LLC · Investment advisory (participants)$22,043

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

Recordkeeper by year2
2024Paychex
2023EXCEL WEALTH MANAGEMENT, LLC, Paychex

This plan has changed recordkeepers within these filings. If you left East Side Service Center Inc before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$54,909 · 0.39%
2023$46,343 · 0.40%
2022$41,171 · 0.38%
Same employer
Similar plansRetail Trade · Rhode Island
Tasca Automotive Group, Inc RI$68.3M · 0.40%
Natco Products Corporation RI$31.1M · 0.42%
Luxury Brand Holding, Inc. RI$21.3M · 0.03%
E & a Markets, Inc. RI$13.2M · 1.02%
Alex and Ani, LLC RI$9.2M · 0.68%

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Source: U.S. Department of Labor, Form 5500 series, EIN 050383724 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.