Plan Ledger DOL Form 5500 · updated monthly

Sargent Rehabilitation Center403(b)

SARGENT REHABILITATION CENTER BENEFIT CONTRIBUTION PLAN · EAST GREENWICH, RI · plan year 2024

Reported admin expense ratio · 2024
0.19%

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

Sargent Rehabilitation Center reported $12,212 in plan administrative expenses for 2024: 0.19% of average plan assets, lower than ~75% of peers. Employer contributions averaged $827 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 0.03% to 0.19%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Rhode Island (203rd of 286), and 6,988th of 11,911 in health care & social assistance. In 2024, employees put in $2.71 for every $1.00 the employer contributed; active participation has grown from 95 to 177 since 2022.

Plan summary
Net assets, end of year$6,755,421
Participants with balances127
Active participants177
Employer contributions$146,435
Employee contributions$396,738
Employer contribution per active participant$827
Average account balance$53,192
Benefits paid to participants$344,253
Plan auditUnmodified (clean) audit opinion
AuditorDISANTO, PRIEST & CO.
Plan history3
Yearassets · accounts · employer contribution
2024$6.8M · 127 accts · $146K emplr
2023$5.8M · 119 accts · $118K emplr
2022$4.9M · 101 accts · $79K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$12,212
Total administrative$12,212
Employer contributions to the Sargent Rehabilitation Center plan · 2024
Employer contribution per active participant$827
Median for plans this size$1,313
2024$827 per active participant
2023$921 per active participant
2022$829 per active participant

Sargent Rehabilitation Center's 2024 employer contribution ran below the $1,313 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 · 20241
TIAA · Contract administrator$12,212

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$12,212 · 0.19%
2023$1,434 · 0.03%
2022$1,405 · 0.03%
Similar plansHealth Care & Social Assistance · Rhode Island
Nursing Placement Inc. RI$7.5M · 0.80%
Avatar Residential, Inc. RI$7.3M · 0.05%
Hopehealth Visiting Nurse RI$6.7M · 0.26%
James L. Maher Center RI$5.9M · 0.09%
Woonsocket Health Centre RI$5.6M · 0.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 050258936 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.