Plan Ledger DOL Form 5500 · updated monthly

Rhode Island School of Design403(b)

RHODE ISLAND SCHOOL OF DESIGN RETIREMENT PLAN · PROVIDENCE, RI · plan year 2024

Reported admin expense ratio · 2024
0.02%

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

Rhode Island School of Design reported $51,983 in plan administrative expenses for 2024: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $3,780 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 3 years on file its reported administrative ratio has held roughly steady near 0.020%. 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 22nd-largest of 286 plans among Rhode Island employers on file, and the 205th of 3,091 in educational services. In 2024, the employer put in $1.22 for every $1.00 employees contributed themselves; active participation has grown from 923 to 1,446 since 2022.

Plan summary
Net assets, end of year$277,376,402
Participants with balances1,881
Active participants1,446
Employer contributions$5,466,110
Employee contributions$4,477,072
Employer contribution per active participant$3,780
Average account balance$147,462
Benefits paid to participants$15,360,952
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$277.4M · 1,881 accts · $5.5M emplr
2023$253.3M · 1,914 accts · $5.2M emplr
2022$223.5M · 1,801 accts · $5.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$51,983
Total administrative$51,983
Employer contributions to the Rhode Island School of Design plan · 2024
Employer contribution per active participant$3,780
Median for plans this size$4,294
2024$3,780 per active participant
2023$5,568 per active participant
2022$5,532 per active participant

Rhode Island School of Design's 2024 employer contribution ran below the $4,294 median for plans its size. 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 · 20244
GLOBAL RETIREMENT PARTNERS LLC · Securities brokerage$23,500
CARON & BLETZER · Accounting / audit$17,400
THE ANGELL PENSION GROUP, INC$9,312
FIDELITY INVST INST OPER CO, INC. · Loan processingindirect comp

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$51,983 · 0.02%
2023$45,424 · 0.02%
2022$46,982 · 0.02%
Same employer
Similar plansEducational Services · Rhode Island
Providence College RI$393.5M · 0.05%
Johnson & Wales University RI$367.9M · 0.14%
Roger Williams University RI$359.8M · 0.06%
Bryant University RI$343.6M · 0.02%
Salve Regina University RI$129.1M · 0.11%
The Wheeler School RI$70.3M · 0.11%
St. George's School RI$58.8M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 050258956 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.