Plan Ledger DOL Form 5500 · updated monthly

Rhode Island Medical Imaging, Inc.401(k)

RHODE ISLAND MEDICAL IMAGING, INC. PROFIT SHARING PLAN · WARWICK, 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

Rhode Island Medical Imaging, Inc. reported $5,845 in plan administrative expenses for 2024: 0.00% of average plan assets, lower than ~75% of peers. Employer contributions averaged $9,937 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 0.003% to 0.003%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 30th-largest of 286 plans among Rhode Island employers on file, and the 714th of 11,911 in health care & social assistance. In 2024, the employer put in $1.66 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$173,652,228
Participants with balances749
Active participants556
Employer contributions$5,525,117
Employee contributions$3,324,012
Employer contribution per active participant$9,937
Average account balance$231,845
Benefits paid to participants$16,272,665
Plan auditUnmodified (clean) audit opinion
AuditorDISANTO PRIEST & CO.
Plan history3
Yearassets · accounts · employer contribution
2024$173.7M · 749 accts · $5.5M emplr
2023$161.1M · 744 accts · $5.2M emplr
2022$135.8M · 729 accts · $4.5M emplr
The Rhode Island Medical Imaging, Inc. 401(k) match · 2024
Employer contribution per active participant$9,937
Median for plans this size$3,635
2024$9,937 per active participant
2023$9,481 per active participant
2022$8,304 per active participant

Rhode Island Medical Imaging, Inc.'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

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$5,845 · 0.00%
2023$4,780 · 0.00%
2022$4,725 · 0.00%
Same employer
Similar plansHealth Care & Social Assistance · Rhode Island
Lifespan Corporation RI$1.3B · 0.07%
Care New England RI$570.4M · 0.10%
Minuteclinic, LLC RI$350.0M · 0.05%
University Orthopedics, Inc. RI$138.1M · 0.02%
South County Hospital RI$108.5M · 0.18%
Thundermist Health Center RI$52.9M · 0.03%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 050318025 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.