Plan Ledger DOL Form 5500 · updated monthly

Recovery Network of Programs, Inc.403(b)

THE RECOVERY NETWORK OF PROGRAMS, INC. 403B RETIREMENT PLAN · SHELTON, CT · plan year 2024

Reported admin expense ratio · 2024
0.17%

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

Recovery Network of Programs, Inc. reported $16,960 in plan administrative expenses for 2024: 0.17% of average plan assets, below the peer median. Employer contributions averaged $835 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 0.12% to 0.17%. 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 among the smaller plans on file in Connecticut (734th of 1,106), and the 5,553rd of 11,911 in health care & social assistance. In 2024, employees put in $2.19 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$10,514,839
Participants with balances342
Active participants262
Employer contributions$218,781
Employee contributions$478,610
Employer contribution per active participant$835
Average account balance$30,745
Benefits paid to participants$1,042,059
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$10.5M · 342 accts · $219K emplr
2023$9.7M · 350 accts · $200K emplr
2022$8.5M · 344 accts · $173K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$16,960
Total administrative$16,960
Employer contributions to the Recovery Network of Programs, Inc. plan · 2024
Employer contribution per active participant$835
Median for plans this size$2,416
2024$835 per active participant
2023$705 per active participant
2022$672 per active participant

Recovery Network of Programs, Inc.'s 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom 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
TRANSAMERICA RETIREMENT SOLUTIONS · Claims processing · Recordkeeping$16,960
NATIONAL FINANCIAL SERVICES · Securities brokerageindirect comp
CAPFINANCIAL SECURITIES LLC · Consulting · Insurance servicesindirect comp

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

Recordkeeper by year2
2024Transamerica
2023Transamerica

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

Administrative cost history3
2024$16,960 · 0.17%
2023$16,679 · 0.18%
2022$11,114 · 0.12%
Similar plansHealth Care & Social Assistance · Connecticut
Wellmore, Inc. CT$10.7M · 0.84%
Star Inc., Lighting the Way CT$10.4M · 0.37%
Community Residences, Inc. CT$10.2M · 0.35%

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Source: U.S. Department of Labor, Form 5500 series, EIN 060910080 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.