Plan Ledger DOL Form 5500 · updated monthly

The Providence Community Health Cen403(b)

THE PROVIDENCE COMMUNITY HEALTH CENTERS, INC · PROVIDENCE, RI · plan year 2024

Reported admin expense ratio · 2024
0.44%

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

The Providence Community Health Cen reported $423,698 in plan administrative expenses for 2024: 0.44% of average plan assets, higher than ~90% of peers. Employer contributions averaged $3,774 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 0.44%. 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 43rd-largest of 286 plans among Rhode Island employers on file, and the 1,104th of 11,911 in health care & social assistance. In 2024, employees put in $1.52 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$99,799,754
Participants with balances1,328
Active participants634
Employer contributions$2,392,957
Employee contributions$3,630,826
Employer contribution per active participant$3,774
Average account balance$75,150
Benefits paid to participants$4,089,349
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$99.8M · 1,328 accts · $2.4M emplr
2023$90.6M · 1,248 accts · $2.3M emplr
2022$80.1M · 1,218 accts · $2.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$192,767
Investment management$147,622
Trustee / custodial$68,890
Total administrative$423,698
Employer contributions to the The Providence Community Health Cen plan · 2024
Employer contribution per active participant$3,774
Median for plans this size$3,635
2024$3,774 per active participant
2023$3,404 per active participant
2022$3,084 per active participant

The Providence Community Health Cen's 2024 employer contribution ran above the $3,635 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
EDELMAN FINANCIAL ENGINES, LLC · Contract administrator · Recordkeeping$409,279

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024EDELMAN FINANCIAL ENGINES, LLC
2023NEW ENGLAND PENSION PLAN SYSTEMS, L

This plan has changed recordkeepers within these filings. If you left The Providence Community Health Cen before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$423,698 · 0.44%
2023$291,737 · 0.34%
2022$364,746 · 0.45%
Same employer
Similar plansHealth Care & Social Assistance · Rhode Island
University Orthopedics, Inc. RI$138.1M · 0.02%
South County Hospital RI$108.5M · 0.18%
Thundermist Health Center RI$52.9M · 0.03%
Health Concepts, LTD RI$43.3M · 0.38%
Hopehealth RI$39.8M · 0.26%

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Source: U.S. Department of Labor, Form 5500 series, EIN 050368134 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.