Plan Ledger DOL Form 5500 · updated monthly

Gateways to Change, Inc.401(k)

GATEWAYS TO CHANGE, INC. 401(K) RETIREMENT PLAN · CRANSTON, RI · plan year 2022

Employer contribution per participant · 2022
$624

Gateways to Change, Inc.'s 2022 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $2,987,834 across 83 participant accounts, with employer contributions averaging $624 per active participant. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Rhode Island (253rd of 286), and 9,275th of 11,911 in health care & social assistance. In 2022, employees put in $3.13 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$2,987,834
Participants with balances83
Active participants100
Employer contributions$62,380
Employee contributions$195,395
Employer contribution per active participant$624
Average account balance$35,998
Benefits paid to participants$159,454
Plan auditUnmodified (clean) audit opinion
AuditorMAYER HOFFMAN MCCANN PC
The Gateways to Change, Inc. 401(k) match · 2022
Employer contribution per active participant$624
Median for plans this size$1,114

Gateways to Change, Inc.'s 2022 employer contribution ran below the $1,114 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.

Similar plansHealth Care & Social Assistance · Rhode Island
Med Tech Ambulance, Inc. RI$3.6M · 0.93%
Scandinavian Home, Inc. RI$3.5M · 1.11%
Home Care Advantage, Inc. RI$1.8M · 0.04%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 050468333 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.