Plan Ledger DOL Form 5500 · updated monthly

West Bay Residential Services,401(k)

401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF WEST BAY RESIDENTIAL SERVICES, INC. · WARWICK, RI · plan year 2024

Reported admin expense ratio · 2024
0.02%

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

West Bay Residential Services, reported $1,918 in plan administrative expenses for 2024: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $455 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 fell from 0.03% to 0.02%. 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 among the smaller plans on file in Rhode Island (159th of 286), and the 5,145th of 11,911 in health care & social assistance. In 2024, employees put in $2.81 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$12,030,864
Participants with balances209
Active participants409
Employer contributions$186,057
Employee contributions$522,660
Employer contribution per active participant$455
Average account balance$57,564
Benefits paid to participants$1,694,048
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$12.0M · 209 accts · $186K emplr
2023$11.6M · 235 accts · $170K emplr
2022$10.1M · 210 accts · $155K emplr
The West Bay Residential Services, 401(k) match · 2024
Employer contribution per active participant$455
Median for plans this size$2,416
2024$455 per active participant
2023$419 per active participant
2022$398 per active participant

West Bay Residential Services,'s 2024 employer contribution ran below the $2,416 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 · 20241
MUTUAL OF AMERICA INVESTMENT CORP · Claims processing · Recordkeeping$1,917

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

Recordkeeper by year2
2024Mutual of America
2023Mutual of America

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

Administrative cost history3
2024$1,918 · 0.02%
2023$1,934 · 0.02%
2022$2,464 · 0.03%
Same employer
Similar plansHealth Care & Social Assistance · Rhode Island
Refocus, Inc. RI$13.7M · 0.03%
Crossroads Rhode Island RI$10.1M · 0.63%

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Source: U.S. Department of Labor, Form 5500 series, EIN 050395035 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.