Plan Ledger DOL Form 5500 · updated monthly

Akron General Medical Center403(b)

AKRON GENERAL HEALTH SYSTEM MATCHED RETIREMENT SAVINGS PLAN · AKRON, OH · plan year 2023

Reported admin expense ratio · 2023
0.06%

Akron General Medical Center reported $69,408 in plan administrative expenses for 2023: 0.06% of average plan assets, lower than ~75% of peers. 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 0.07% to 0.06%. The plan sits in the $50M–$250M size bracket, benchmarked here against 9,317 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 317th-largest of 3,295 plans among Ohio employers on file, and the 892nd of 11,911 in health care & social assistance.

Plan summary
Net assets, end of year$126,753,380
Participants with balances971
Active participants644
Employer contributions—
Employee contributions$9,468,358
Employer contribution per active participant—
Average account balance$130,539
Benefits paid to participants$12,711,370
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$0
2023$126.8M · 971 accts
2022$108.8M · 972 accts
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$27,452
Investment management$29,462
Audit (IQPA)$10,263
Total administrative$69,408
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.

Service providers · 20234
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$16,024
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$14,682
CBIZ CPAS P.C. · Accounting / audit$10,263
ABSOLUTE CAPITAL MGMT, LLC · Investment management$9,674

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024Not separately reported
2023$69,408 · 0.06%
2022$81,977 · 0.07%
Similar plansHealth Care & Social Assistance · Ohio
Orthopedic One, Inc. OH$152.0M · 0.03%
Fisher-Titus Health OH$139.2M · 0.12%
Cei Vision Partners, LLC OH$134.5M · 0.02%
Lima Memorial Health System OH$126.4M · 0.10%
Carestar, Inc. OH$115.8M · 0.09%

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Source: U.S. Department of Labor, Form 5500 series, EIN 340714478 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.