Plan Ledger DOL Form 5500 · updated monthly

Providence College403(b)

PROVIDENCE COLLEGE 403(B) PLAN · PROVIDENCE, RI · plan year 2024

Reported admin expense ratio · 2024
0.05%

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

Providence College reported $187,371 in plan administrative expenses for 2024: 0.05% of average plan assets, below the peer median. Employer contributions averaged $7,613 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 0.02% to 0.05%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other educational services employers. By assets it is the 14th-largest of 286 plans among Rhode Island employers on file, and the 140th of 3,091 in educational services. In 2024, the employer put in $1.05 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$393,486,470
Participants with balances1,904
Active participants1,010
Employer contributions$7,689,118
Employee contributions$7,331,117
Employer contribution per active participant$7,613
Average account balance$206,663
Benefits paid to participants$23,155,132
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$393.5M · 1,904 accts · $7.7M emplr
2023$359.9M · 1,862 accts · $9.5M emplr
2022$316.4M · 1,757 accts · $6.7M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$111,306
Investment management$59,855
Audit (IQPA)$15,000
Total administrative$187,371
Employer contributions to the Providence College plan · 2024
Employer contribution per active participant$7,613
Median for plans this size$4,294
2024$7,613 per active participant
2023$9,053 per active participant
2022$6,832 per active participant

Providence College's 2024 employer contribution ran above the $4,294 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 · 20243
TIAA · Recordkeeping · Pension consulting$111,306
FIDUCIENT ADVISORS, LLC · Investment management$59,855
CARON & BLETZER, PLLC · Accounting / audit$15,000

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

Recordkeeper by year2
2024TIAA
2023TIAA

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

Administrative cost history3
2024$187,371 · 0.05%
2023$177,222 · 0.05%
2022$66,823 · 0.02%
Same employer
Similar plansEducational Services · Rhode Island
Brown University RI$1.5B · 0.01%
Xavier University OH$410.6M · 0.07%
Union College NY$407.4M · 0.03%
Carleton College MN$396.7M · 0.07%
Father Flanagan's Boys' Home NE$383.5M · 0.13%
Colorado College CO$381.5M · 0.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 050258932 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.