Plan Ledger DOL Form 5500 · updated monthly

Groden Center, Inc.401(k)

THE GRODEN CENTER, INC. 401(K) PROFIT SHARING PLAN · PROVIDENCE, RI · plan year 2024

Reported admin expense ratio · 2024
0.06%

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

Groden Center, Inc. reported $11,138 in plan administrative expenses for 2024: 0.06% of average plan assets, lower than ~75% of peers. Employer contributions averaged $404 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 0.06%. 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 128th-largest of 286 plans among Rhode Island employers on file, and the 3,850th of 11,911 in health care & social assistance. In 2024, employees put in $3.99 for every $1.00 the employer contributed; active participation has grown from 396 to 632 since 2022.

Plan summary
Net assets, end of year$18,831,250
Participants with balances787
Active participants632
Employer contributions$255,584
Employee contributions$1,019,202
Employer contribution per active participant$404
Average account balance$23,928
Benefits paid to participants$1,760,155
Plan auditUnmodified (clean) audit opinion
AuditorMULLEN SCORPIO CERILLI
Plan history3
Yearassets · accounts · employer contribution
2024$18.8M · 787 accts · $256K emplr
2023$17.3M · 625 accts · $231K emplr
2022$15.2M · 571 accts · $215K emplr
The Groden Center, Inc. 401(k) match · 2024
Employer contribution per active participant$404
Median for plans this size$2,416
2024$404 per active participant
2023$435 per active participant
2022$543 per active participant

Groden 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 · 20241
MUTUAL OF AMERICA · Claims processing · Recordkeeping$11,143

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

Recordkeeper by year2
2024Mutual of America
2023Mutual of America

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Administrative cost history3
2024$11,138 · 0.06%
2023$3,337 · 0.02%
2022$6,892 · 0.04%
All plans at this employer2
GRODEN CENTER, INC. TAX-DEFERRED ANNUITY PLAN403(b)
THE GRODEN CENTER, INC. 401(K) PROFIT SHARING PLAN401(k)
Same employer
Similar plansHealth Care & Social Assistance · Rhode Island

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Source: U.S. Department of Labor, Form 5500 series, EIN 050369378 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.