Plan Snapshot
- Plan Sponsor: Rhode Island Distributing Company, LLC
- Sponsor EIN: 260266853
- Sponsor Address: 119 HOPKINS HILL RD, WEST GREENWICH, RI, 028171709
- Plan Type: 401(k)
- Total Participants: 793
- Total Assets: $130.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 793 | $130.0M | $1.4M | $5.3M |
| 2023 | 826 | $119.3M | $1.3M | $4.9M |
| 2022 | 795 | $94.3M | $1.3M | $4.6M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $225,610 | — | $225,610 |
| MORGAN STANLEY FBO ADVISORY FEE BIL | Investment Advisor | — | $123,969 | $123,969 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MORGAN STANLEY FBO ADVISORY FEE BIL — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $349,579
- Estimated Expense Ratio: 0.269% 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 | $225,611 | — | $225,611 | — | — |
| 2023 | $189,721 | — | $189,721 | — | — |
| 2022 | $175,797 | — | $175,797 | — | — |