Plan Ledger DOL Form 5500 · updated monthly

University Gastroenterology, LLC401(k)

UNIVERSITY GASTROENTEROLOGY 401(K) PROFIT SHARING PLAN · PROVIDENCE, RI · plan year 2023

Reported admin expense ratio · 2023
0.28%

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

University Gastroenterology, LLC reported $56,125 in plan administrative expenses for 2023: 0.28% of average plan assets, above the peer median. Employer contributions averaged $13,137 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 has held roughly steady near 0.28%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other professional & technical services employers. By assets it is the 118th-largest of 286 plans among Rhode Island employers on file, and the 5,243rd of 11,654 in professional & technical services. In 2023, the employer put in $1.29 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$21,739,472
Participants with balances112
Active participants88
Employer contributions$1,156,095
Employee contributions$899,360
Employer contribution per active participant$13,137
Average account balance$194,102
Benefits paid to participants$2,315,581
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$0 · $83K emplr
2023$21.7M · 112 accts · $1.2M emplr
2022$19.0M · 114 accts · $1.1M emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$56,125
Total administrative$56,125
The University Gastroenterology, LLC 401(k) match · 2023
Employer contribution per active participant$13,137
Median for plans this size$2,440
2023$13,137 per active participant
2022$13,807 per active participant

University Gastroenterology, LLC's 2023 employer contribution ran above the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
LINCOLN RETIREMENT SERVICES$51,125
KAHN, LITWIN, RENZA$15,250

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

Administrative cost history3
2024Not separately reported
2023$56,125 · 0.28%
2022$55,873 · 0.27%
Same employer
Similar plansProfessional & Technical Services · Rhode Island
Purvis Systems Inc RI$28.8M · 0.37%
Dominion Diagnostics, LLC RI$28.1M · 0.37%
Pare Corporation RI$25.1M · 0.00%
Mikel, Inc. RI$19.1M · 0.33%
Falvey Insurance Group LTD RI$18.2M · 0.34%
Kss, Inc. RI$17.0M · 0.58%

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Source: U.S. Department of Labor, Form 5500 series, EIN 273407187 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.