Plan Ledger DOL Form 5500 · updated monthly

Minuteclinic, LLC401(k)

MINUTECLINIC 401(K) PLAN · WOONSOCKET, RI · plan year 2024

Reported admin expense ratio · 2024
0.05%

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

Minuteclinic, LLC reported $174,459 in plan administrative expenses for 2024: 0.05% of average plan assets, below the peer median. Employer contributions averaged $3,013 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 fell from 0.06% to 0.05%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 18th-largest of 286 plans among Rhode Island employers on file, and the 433rd of 11,911 in health care & social assistance. In 2024, employees put in $2.12 for every $1.00 the employer contributed; active participation has shrunk from 4,717 to 3,330 since 2022.

Plan summary
Net assets, end of year$350,005,730
Participants with balances4,242
Active participants3,330
Employer contributions$10,033,458
Employee contributions$21,229,107
Employer contribution per active participant$3,013
Average account balance$82,510
Benefits paid to participants$37,738,115
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$350.0M · 4,242 accts · $10.0M emplr
2023$307.5M · 4,510 accts · $11.1M emplr
2022$242.5M · 4,330 accts · $9.9M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$85,939
Investment management$88,520
Total administrative$174,459
The Minuteclinic, LLC 401(k) match · 2024
Employer contribution per active participant$3,013
Median for plans this size$4,294
2024$3,013 per active participant
2023$2,311 per active participant
2022$2,099 per active participant

Minuteclinic, LLC's 2024 employer contribution ran below the $4,294 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.

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
THE VANGUARD GROUP, INC. · Recordkeeping · Consulting$80,181
VANGUARD ADVISERS INC. · Investment advisory (participants)$88,520

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

Recordkeeper by year2
2024Vanguard
2023Vanguard

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Administrative cost history3
2024$174,459 · 0.05%
2023$130,219 · 0.05%
2022$152,552 · 0.06%
Similar plansHealth Care & Social Assistance · Rhode Island
Lifespan Corporation RI$1.3B · 0.07%
Care New England RI$570.4M · 0.10%
University Orthopedics, Inc. RI$138.1M · 0.02%
South County Hospital RI$108.5M · 0.18%

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Source: U.S. Department of Labor, Form 5500 series, EIN 411939629 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.