The Preservation Society of Newport County403(b)
THE PRES. SOC. OF NEWPORT CTY. RET. SAVINGS PL. · NEWPORT, RI · plan year 2024
Peer grade: C · admin costs + employer contributions vs same-size plans · how grading works
The Preservation Society of Newport County reported $116,156 in plan administrative expenses for 2024: 0.82% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,036 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 0.818%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other arts, entertainment & recreation employers. By assets it is among the smaller plans on file in Rhode Island (148th of 286), and the 519th of 1,311 in arts, entertainment & recreation. In 2024, employees put in $1.43 for every $1.00 the employer contributed; active participation has grown from 192 to 237 since 2022.
The Preservation Society of Newport County's 2024 employer contribution ran below the $2,416 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.
Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
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Source: U.S. Department of Labor, Form 5500 series, EIN 050252708 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.