Plan Snapshot
- Plan Sponsor: Steere House Nursing And Rehabilitation Center
- Sponsor EIN: 050258880
- Sponsor Address: 100 BORDEN ST, PROVIDENCE, RI, 029034803
- Plan Type: 401(k)
- Total Participants: 119
- Total Assets: $4.1M
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 | 119 | $4.1M | $96,882 | $405,359 |
| 2023 | 114 | $3.5M | $82,229 | $336,818 |
| 2022 | 105 | $3.0M | $68,170 | $311,879 |
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 | $22,853 | — | $22,853 |
| LPL FINANCIAL LLC | Recordkeeper | — | $13,263 | $13,263 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- LPL FINANCIAL LLC — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $36,116
- Estimated Expense Ratio: 0.890% 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 | $22,853 | — | $22,853 | — | — |
| 2023 | $3,814 | — | $3,814 | — | — |
| 2022 | $4,140 | — | $4,140 | — | — |