Plan Snapshot
- Plan Sponsor: Medical Associates Of Rhode Island, INC.
- Sponsor EIN: 050340866
- Sponsor Address: 1180 HOPE STREET, BRISTOL, RI, 02809
- Plan Type: 401(k)
- Total Participants: 120
- Total Assets: $23.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 120 | $23.9M | $380,837 | $731,646 |
| 2023 | 115 | $21.5M | $377,387 | $744,786 |
| 2022 | 105 | $18.4M | $350,599 | $689,954 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| CAPITAL WEALTH MANAGEMENT | Investment Advisor | $26,418 | — | $26,418 |
| FIDELITY WORKPLACE SERVICES LLC | Recordkeeper | $24,986 | — | $24,986 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $51,404
- Estimated Expense Ratio: 0.215% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $51,405 | $26,418 | $5,779 | — | — |
| 2023 | $50,949 | $17,473 | $5,809 | — | — |
| 2022 | $74,218 | $19,565 | $17,192 | — | $35,217 |