Plan Ledger DOL Form 5500 · updated monthly

Medical Homes of Rhode Island, Inc.401(k)

BRIARCLIFFE 401(K) PLAN · JOHNSTON, RI · plan year 2024

Reported admin expense ratio · 2024
1.86%

Medical Homes of Rhode Island, Inc. reported $63,883 in plan administrative expenses for 2024: 1.86% of average plan assets, higher than ~90% of peers. 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 fell from 2.23% to 1.86%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Rhode Island (246th of 286), and 8,705th of 11,911 in health care & social assistance.

Plan summary
Net assets, end of year$3,778,439
Participants with balances302
Active participants214
Employer contributions—
Employee contributions$668,927
Employer contribution per active participant—
Average account balance$12,511
Benefits paid to participants$354,078
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$3.8M · 302 accts
2023$3.1M · 281 accts
2022$2.5M · 280 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$45,168
Investment management$4,960
Audit (IQPA)$13,755
Total administrative$63,883
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
STANCORP FINANCIAL GROUP · Accounting / audit · Claims processing$42,241
CLIFTONLARSONALLEN LLP · Accounting / audit$13,755
MAYFLOWER FINANCIAL ADVISORS, LLC · Investment advisory (plan)$4,315
STANCORP FINANCIAL GROUP · Investment advisory (plan)$3,776

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

Recordkeeper by year2
2024The Standard
2023The Standard

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

Administrative cost history3
2024$63,883 · 1.86%
2023$52,516 · 1.90%
2022$56,111 · 2.23%
Similar plansHealth Care & Social Assistance · Rhode Island
Spurwink/Ri RI$4.3M · 0.01%
Tockwotton Home RI$4.0M · 0.05%
Med Tech Ambulance, Inc. RI$3.6M · 0.93%
Scandinavian Home, Inc. RI$3.5M · 1.11%

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Source: U.S. Department of Labor, Form 5500 series, EIN 050302286 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.