Aipso 401(k) Review & Grade
Insurance Company Supported Organizations 401(k) Savings Plan
Johnston, RIFinance & Insurance528 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$4,793Employer $ per active participant
$8,237Employee $ saved per active participant
0.10%Direct admin cost, % of plan assets
$136.4MNet plan assets, end of year
$195,461Average balance per account
Score breakdown
- Employer generosity32.5 / 5065th percentile for employer $ per participant
- Low cost18.8 / 2575th percentile for low admin cost vs. same-size plans
- Employee saving9.4 / 1563th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score71 / 100 · Grade B
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 65th |
| Lower admin cost | 75th |
| Employee saving | 63th |
| Peers that auto-enroll | 62% |
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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
- Aipso put in about $4,793 per active participant, more than the typical peer ($3,606). 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $2,533,099 |
| Participant (employee) contributions | $4,353,146 |
| Other contributions (incl. rollovers in) | $689,151 |
| Administrative expenses paid from the plan | $125,094 |
| Contract administrator fees | $123,744 |
| Other admin expenses | $1,350 |
| Benefits paid out | $9,355,325 |
| Net assets, start / end of year | $124.5M / $136.4M |
| Active participants, start / end of year | 507 / 550 |
| Participants with account balances | 698 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Thomas Howell Ferguson P.A. |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250910180136NAL0044881074001, received 2025-09-10, EIN 13-2732270, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.