Plan Ledger DOL Form 5500 · updated monthly

Ability Matters Ohio401(k)

ABILITY MATTERS OHIO 401(K) PLAN · DUBLIN, OH · plan year 2023

Reported admin expense ratio · 2023
0.96%

Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works

Ability Matters Ohio reported $3,545 in plan administrative expenses for 2023: 0.96% of average plan assets, below the peer median. Employer contributions averaged $294 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio has held roughly steady near 0.96%. The plan sits in the under $1M size bracket, benchmarked here against 1,192 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Ohio (3,222nd of 3,295), and 11,434th of 11,911 in health care & social assistance. In 2023, employees put in $1.70 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$426,637
Participants with balances68
Active participants137
Employer contributions$40,325
Employee contributions$68,753
Employer contribution per active participant$294
Average account balance$6,274
Benefits paid to participants$55,623
Plan auditUnmodified (clean) audit opinion
AuditorWHALEN & COMPANY CPAS
Plan history2
Yearassets · accounts · employer contribution
2023$427K · 68 accts · $40K emplr
2022$315K · 105 accts · $45K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$3,545
Total administrative$3,545
The Ability Matters Ohio 401(k) match · 2023
Employer contribution per active participant$294
Median for plans this size$522
2023$294 per active participant
2022$384 per active participant

Ability Matters Ohio's 2023 employer contribution ran below the $522 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history2
2023$3,545 · 0.96%
2022$2,833 · 0.97%
Similar plansHealth Care & Social Assistance · Ohio
Tech Medical Inc OH$561K · 2.50%
First Care Ohio, LLC. OH$516K · 1.24%
H&G Nursing Homes, Inc OH$442K · 0.50%
Eliza Bryant Village OH$420K · 0.05%
Kids First Sports Center OH$399K · 0.09%
The Workshops, Inc. OH$370K · 0.85%

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Source: U.S. Department of Labor, Form 5500 series, EIN 263290063 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.