Plan Ledger DOL Form 5500 · updated monthly

Northwest Community Health Care403(b)

NORTHWEST COMMUNITY HEALTH CARE RETIREMENT PLAN · PASCOAG, RI · plan year 2024

Reported admin expense ratio · 2024
0.61%

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

Northwest Community Health Care reported $92,943 in plan administrative expenses for 2024: 0.61% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,803 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 0.58% to 0.61%. 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 137th-largest of 286 plans among Rhode Island employers on file, and the 4,246th of 11,911 in health care & social assistance. In 2024, employees put in $4.19 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$16,296,333
Participants with balances196
Active participants160
Employer contributions$288,468
Employee contributions$1,209,035
Employer contribution per active participant$1,803
Average account balance$83,145
Benefits paid to participants$1,264,908
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$16.3M · 196 accts · $288K emplr
2023$14.0M · 205 accts · $335K emplr
2022$11.7M · 156 accts · $397K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$92,943
Total administrative$92,943
Employer contributions to the Northwest Community Health Care plan · 2024
Employer contribution per active participant$1,803
Median for plans this size$2,416
2024$1,803 per active participant
2023$1,994 per active participant
2022$2,464 per active participant

Northwest Community Health Care's 2024 employer contribution ran below the $2,416 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 · 20244
GLOBAL RETIREMENT PARTNERS LLC · Investment advisory (plan)$15,000
EMPOWER ADVISORY GROUP · Investment management$5,025
CORNERSTONE RETIREMENT PLAN ADMIN · Contract administrator$2,507

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$92,943 · 0.61%
2023$75,326 · 0.59%
2022$59,176 · 0.58%
Same employer
Similar plansHealth Care & Social Assistance · Rhode Island
Groden Center, Inc. RI$18.8M · 0.06%
Saint Elizabeth Community RI$15.5M · 1.03%
C.H.I.L.D., Inc. RI$15.4M · 0.01%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 050258811 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.