Plan Ledger DOL Form 5500 · updated monthly

Village Retirement Communities, LLC401(k)

VILLAGE RETIREMENT COMMUNITIES 401(K) PLAN · GREENVILLE, RI · plan year 2024

Reported admin expense ratio · 2024
0.75%

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

Village Retirement Communities, LLC reported $45,994 in plan administrative expenses for 2024: 0.75% of average plan assets, above the peer median. Employer contributions averaged $349 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 0.52% to 0.75%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other administrative & support services employers. By assets it is among the smaller plans on file in Rhode Island (208th of 286), and 1,299th of 2,534 in administrative & support services. In 2024, employees put in $5.51 for every $1.00 the employer contributed; active participation has grown from 182 to 214 since 2022.

Plan summary
Net assets, end of year$6,291,085
Participants with balances161
Active participants214
Employer contributions$74,702
Employee contributions$411,939
Employer contribution per active participant$349
Average account balance$39,075
Benefits paid to participants$954,194
Plan auditUnmodified (clean) audit opinion
AuditorCAVANAGH CPAS & ASSOCIATES, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$6.3M · 161 accts · $75K emplr
2023$6.0M · 216 accts · $72K emplr
2022$4.8M · 209 accts · $66K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$16,720
Investment management$29,274
Total administrative$45,994
The Village Retirement Communities, LLC 401(k) match · 2024
Employer contribution per active participant$349
Median for plans this size$1,313
2024$349 per active participant
2023$352 per active participant
2022$363 per active participant

Village Retirement Communities, LLC's 2024 employer contribution ran below the $1,313 median for plans its size, in the bottom 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 · 20242
ASCENSUS LLC · Loan processing · Recordkeeping$16,720
MORGAN STANLEY GLOBAL · Investment advisory (plan)$29,274

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

Recordkeeper by year2
2024Ascensus
2023Ascensus

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$45,994 · 0.75%
2023$35,843 · 0.66%
2022$26,668 · 0.52%
Similar plansAdministrative & Support Services · Rhode Island
Virgin Pulse, Inc. RI$155.8M · 0.36%
Newport Harbor Corporation RI$66.1M · 0.04%
Stanley Tree Service Inc. RI$7.4M · 0.41%
J.R. Vinagro Corporation RI$5.9M · 0.47%
Ferland Corporation RI$4.4M · 0.71%

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Source: U.S. Department of Labor, Form 5500 series, EIN 061476443 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.