Retirement plan

OCEAN STATE LIBRARIES DEFINED CONTRIBUTION PLAN

Name: COOPERATING LIBRARIES AUTOMATED NETWORK D/B/A OCEAN STATE LIBRARI - OCEAN STATE LIBRARIES DEFINED CONTRIBUTION PLAN (2025) Form 5500
Creator: COOPERATING LIBRARIES AUTOMATED NETWORK D/B/A OCEAN STATE LIBRARI
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, OCEAN STATE LIBRARIES DEFINED CONTRIBUTION PLAN, COOPERATING LIBRARIES AUTOMATED NETWORK D/B/A OCEAN STATE LIBRARI

COOPERATING LIBRARIES AUTOMATED NETWORK D/B/A OCEAN STATE LIBRARIEIN 05-0465916Plan #001PY 2025

THE SUMMIT SOUTH, SUITE 103S, 300 CENTERVILLE ROAD - WARWICK, RI 028860200401-738-2200

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.4M

-14.9% from 2024

Total participants

-5.9% from 2024

Average account balance

$89,970

-9.6% from 2024

Annual return

11.82%

-3.73 pp from 2024

Benchmarks

See 2,731 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants<25

Cohort2,731 peers

Snapshot2025

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$1.44M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$90K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

177.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$79K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+11.82%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$33211

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

0 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G2L2M3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$531K

$59043 / participant

Other / not subdivided$531K100.0%

% of EOY assets

36.914%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$89,970

$135,905-33.8%

$126,068-28.6%

$198,609-54.7%

Participation rate

100.0%

85.6%+14.4pp

84.7%+15.3pp

82.4%+17.6pp

Annual return

11.82%

14.07%-2.2pp

15.01%-3.2pp

202.70%-190.9pp

Employer contribution / active EE

$4,093

$4,245-3.6%

$3,968+3.2%

$5,055-19.0%

Participant deferral / active EE

$4,661

$8,523-45.3%

$8,214-43.2%

$6,977-33.2%

Admin fee / account holder

$33,211

$21,036+57.9%

$18,264+81.8%

$19,030+74.5%

OCEAN STATE LIBRARIES DEFINED CONTRIBUTION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

OCEAN STATE LIBRARIES DEFINED CONTRIBUTION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion