Bryant University 401(k) Review & Grade
Bryant University 403(b) Retirement Plan
Smithfield, RIEducational Services972 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$5,065Employer $ per active participant
$4,661Employee $ saved per active participant
0.02%Direct admin cost, % of plan assets
$318.2MNet plan assets, end of year
$204,616Average balance per account
Score breakdown
- Employer generosity47.6 / 5095th percentile for employer $ per participant
- Low cost24.1 / 2596th percentile for low admin cost vs. same-size plans
- Employee saving11.3 / 1576th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score83 / 100 · Grade A
This plan vs. peers
Peers: Educational Services plans with 500–2,499 active participants (144 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 95th |
| Lower admin cost | 96th |
| Employee saving | 76th |
| Peers that auto-enroll | 37% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Bryant University put in about $5,065 per active participant, more than the typical peer ($1,225). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $4,923,576 |
| Participant (employee) contributions | $4,530,207 |
| Other contributions (incl. rollovers in) | $850,768 |
| Administrative expenses paid from the plan | $49,625 |
| Contract administrator fees | $57,052 |
| Benefits paid out | $20,724,890 |
| Net assets, start / end of year | $293.2M / $318.2M |
| Active participants, start / end of year | 952 / 992 |
| Participants with account balances | 1,555 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Caron & Bletzer, PLLC |
Largest service providers (Schedule C)
| Global Retirement Partners | $17,625 reported compensation |
| Caron & Bletzer, PLLC | $14,450 reported compensation |
| The Angell Pension Group, Inc. | $11,084 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250616164257NAL0000546387001, received 2025-06-16, EIN 05-0258810, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.