Plan Ledger DOL Form 5500 · updated monthly

Providence Equity Partners L.L.C.401(k)

PROVIDENCE EQUITY PARTNERS L.L.C. 401(K) PLAN · PROVIDENCE, RI · plan year 2024

Reported admin expense ratio · 2024
0.00%

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

Providence Equity Partners L.L.C. reported $2,460 in plan administrative expenses for 2024: 0.00% of average plan assets, lower than ~75% of peers. Employer contributions averaged $23,531 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 0.01% to 0.00%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other finance & insurance employers. By assets it is the 39th-largest of 286 plans among Rhode Island employers on file, and the 842nd of 4,798 in finance & insurance. In 2024, the employer put in $1.47 for every $1.00 employees contributed themselves; active participation has shrunk from 146 to 104 since 2022.

Plan summary
Net assets, end of year$124,580,573
Participants with balances258
Active participants104
Employer contributions$2,447,215
Employee contributions$1,661,070
Employer contribution per active participant$23,531
Average account balance$482,870
Benefits paid to participants$8,255,117
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$124.6M · 258 accts · $2.4M emplr
2023$112.6M · 266 accts · $2.7M emplr
2022$95.1M · 273 accts · $3.0M emplr
The Providence Equity Partners L.L.C. 401(k) match · 2024
Employer contribution per active participant$23,531
Median for plans this size$3,635
2024$23,531 per active participant
2023$16,595 per active participant
2022$20,760 per active participant

Providence Equity Partners L.L.C.'s 2024 employer contribution ran above the $3,635 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 · 20241
ASCENSUS · Recordkeeping · Loan processing$2,355

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

Recordkeeper by year2
2024Ascensus
2023Ascensus

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

Administrative cost history3
2024$2,460 · 0.00%
2023$2,715 · 0.00%
2022$5,771 · 0.01%
Same employer
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Embrace Home Loans, Inc. RI$82.7M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 208146702 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.