Plan Ledger DOL Form 5500 · updated monthly

Akron General Health System401(k)

AKRON GENERAL HEALTH SYSTEM 401(K) PLAN · AKRON, OH · plan year 2023

Reported admin expense ratio · 2023
0.07%

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

Akron General Health System reported $276,993 in plan administrative expenses for 2023: 0.07% of average plan assets, below the peer median. Employer contributions averaged $1,791 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 1 year on file its reported administrative ratio fell from 0.08% to 0.07%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,601 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 124th-largest of 3,295 plans among Ohio employers on file, and the 383rd of 11,911 in health care & social assistance. In 2023, employees put in $1.75 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$410,384,150
Participants with balances7,127
Active participants6,134
Employer contributions$10,984,125
Employee contributions$19,243,021
Employer contribution per active participant$1,791
Average account balance$57,582
Benefits paid to participants$30,111,833
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$0 · $2.8M emplr
2023$410.4M · 7,127 accts · $11.0M emplr
2022$340.6M · 6,921 accts · $10.0M emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$171,264
Investment management$80,874
Audit (IQPA)$17,850
Total administrative$276,993
The Akron General Health System 401(k) match · 2023
Employer contribution per active participant$1,791
Median for plans this size$4,362
2023$1,791 per active participant
2022$1,707 per active participant

Akron General Health System's 2023 employer contribution ran below the $4,362 median for plans its size, in the bottom quarter of its peers. 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 history3
2024Not separately reported
2023$276,993 · 0.07%
2022$317,457 · 0.08%
Similar plansHealth Care & Social Assistance · Ohio
Premier Health Partners OH$570.8M · 0.13%
The Christ Hospital OH$522.5M · 0.12%
Dayton Children's Hospital OH$352.1M · 0.12%

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Source: U.S. Department of Labor, Form 5500 series, EIN 341546466 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.