Plan Ledger DOL Form 5500 · updated monthly

Memorial Hospital of Rhode Island403(b)

MEMORIAL HOSPITAL OF RHODE ISLAND DEFINED CONTRIBUTION PLAN · PROVIDENCE, RI · plan year 2024

Reported admin expense ratio · 2024
0.24%

Memorial Hospital of Rhode Island reported $9,206 in plan administrative expenses for 2024: 0.24% of average plan assets, below the peer median. 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 0.31% to 0.24%. 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 (244th of 286), and 8,601st of 11,911 in health care & social assistance.

Plan summary
Net assets, end of year$3,928,986
Participants with balances322
Active participants156
Employer contributions—
Employee contributions—
Employer contribution per active participant—
Average account balance$12,202
Benefits paid to participants$346,793
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$3.9M · 322 accts
2023$3.9M · 345 accts
2022$3.5M · 357 accts
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
VALIC RETIREMENT SERVICES COMPANY$9,207

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$9,206 · 0.24%
2023$9,882 · 0.27%
2022$12,761 · 0.31%
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 050259004 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.