Plan Ledger DOL Form 5500 · updated monthly

Southern New England Health Care for Women, LLC401(k)

SOUTHERN NEW ENGLAND HEALTH CARE FOR WOMEN, LLC 401(K) PROFIT SHARING PLAN · PAWTUCKET, RI · plan year 2024

Reported admin expense ratio · 2024
0.34%

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

Southern New England Health Care for Women, LLC reported $66,312 in plan administrative expenses for 2024: 0.34% of average plan assets, above the peer median. Employer contributions averaged $6,587 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 0.344%. 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 the 125th-largest of 286 plans among Rhode Island employers on file, and the 3,591st of 11,911 in health care & social assistance. In 2024, employees put in $1.05 for every $1.00 the employer contributed; active participation has grown from 93 to 103 since 2022.

Plan summary
Net assets, end of year$20,736,854
Participants with balances167
Active participants103
Employer contributions$678,473
Employee contributions$715,487
Employer contribution per active participant$6,587
Average account balance$124,173
Benefits paid to participants$1,053,938
Plan auditUnmodified (clean) audit opinion
AuditorJOSEPH P. MELVIN COMPANY LLC
Plan history3
Yearassets · accounts · employer contribution
2024$20.7M · 167 accts · $678K emplr
2023$17.8M · 164 accts · $700K emplr
2022$13.7M · 151 accts · $600K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$64,068
Investment management$1,664
Total administrative$66,312
The Southern New England Health Care for Women, LLC 401(k) match · 2024
Employer contribution per active participant$6,587
Median for plans this size$2,416
2024$6,587 per active participant
2023$6,928 per active participant
2022$6,449 per active participant

Southern New England Health Care for Women, LLC's 2024 employer contribution ran above the $2,416 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 · 20245
VOYA RETIREMENT ADVISORS, LLC · Investment advisory (participants)$2,339
MORNINGSTAR INVESTMENT · Investment advisory (participants)$86
VOYA RETIREMENT INS ANNUITY · Investment advisory (participants)$86
NFP RETIREMENT INC.indirect comp
THE MANDMARBLESTONE GROUP LLC · Other servicesindirect 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$66,312 · 0.34%
2023$50,834 · 0.32%
2022$50,502 · 0.34%
Same employer
Similar plansHealth Care & Social Assistance · Rhode Island
Meeting Street RI$28.1M · 0.27%
Perspectives Corporation RI$27.5M · 0.33%
Groden Center, Inc. RI$18.8M · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 452603721 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.