Plan Ledger DOL Form 5500 · updated monthly

Orthopedics Rhode Island, Inc.401(k)

ORTHOPEDICS RHODE ISLAND, INC. 401(K) PROFIT SHARING PLAN · WARWICK, RI · plan year 2024

Reported admin expense ratio · 2024
0.33%

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

Orthopedics Rhode Island, Inc. reported $117,134 in plan administrative expenses for 2024: 0.33% of average plan assets, above the peer median. Employer contributions averaged $4,670 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 0.08% to 0.33%. 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 81st-largest of 286 plans among Rhode Island employers on file, and the 2,328th of 11,911 in health care & social assistance. In 2024, the employer put in $1.22 for every $1.00 employees contributed themselves; active participation has grown from 348 to 462 since 2022.

Plan summary
Net assets, end of year$37,921,339
Participants with balances751
Active participants462
Employer contributions$2,157,656
Employee contributions$1,767,847
Employer contribution per active participant$4,670
Average account balance$50,494
Benefits paid to participants$4,210,362
Plan auditUnmodified (clean) audit opinion
AuditorSANSIVERI, KIMBALL & CO., LLP
Plan history4
Yearassets · accounts · employer contribution
2025$0
2024$37.9M · 751 accts · $2.2M emplr
2023$33.5M · 628 accts · $1.9M emplr
2022$28.5M · 512 accts · $394K emplr
The Orthopedics Rhode Island, Inc. 401(k) match · 2024
Employer contribution per active participant$4,670
Median for plans this size$2,416
2024$4,670 per active participant
2023$4,687 per active participant
2022$1,131 per active participant

Orthopedics Rhode Island, Inc.'s 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top 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 · 20246
EWPOWER ANNUITY INSURANCE CO OF AME$51,614
GLOBAL RETIREMENT PARTNERS LLC · Investment advisory (plan)$34,274
WELLTH ADVISORY SERVICES LLC · Investment advisory (plan)$11,836
EMPOWER ADVISORY GROUP, LLC · Investment management$11,816
CORNERSTONE RETIREMENT PLAN ADMIN. · Contract administrator$5,666
OSAIC WEALTH INC · Investment advisory (plan)$1,507

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

Administrative cost history4
2025Not separately reported
2024$117,134 · 0.33%
2023$97,440 · 0.31%
2022$22,998 · 0.08%
Same employer
Similar plansHealth Care & Social Assistance · Rhode Island
Thundermist Health Center RI$52.9M · 0.03%
Health Concepts, LTD RI$43.3M · 0.38%
Hopehealth RI$39.8M · 0.26%
Meeting Street RI$28.1M · 0.27%
Perspectives Corporation RI$27.5M · 0.33%

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Source: U.S. Department of Labor, Form 5500 series, EIN 472361569 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.