Plan Ledger DOL Form 5500 · updated monthly

Area Agency on Aging District 7403(b)

AREA AGENCY ON AGING DISTRICT 7 403B PLAN · JACKSON, OH · plan year 2024

Reported admin expense ratio · 2024
0.71%

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

Area Agency on Aging District 7 reported $57,105 in plan administrative expenses for 2024: 0.71% of average plan assets, above the peer median. Employer contributions averaged $2,614 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 fell from 1.10% to 0.71%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Ohio (2,166th of 3,295), and 6,339th of 11,911 in health care & social assistance. In 2024, the employer put in $1.11 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$8,264,851
Participants with balances227
Active participants193
Employer contributions$504,550
Employee contributions$453,333
Employer contribution per active participant$2,614
Average account balance$36,409
Benefits paid to participants$1,491,693
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$8.3M · 227 accts · $505K emplr
2023$7.9M · 215 accts · $496K emplr
2022$6.7M · 196 accts · $464K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$57,105
Total administrative$57,105
Employer contributions to the Area Agency on Aging District 7 plan · 2024
Employer contribution per active participant$2,614
Median for plans this size$1,313
2024$2,614 per active participant
2023$2,650 per active participant
2022$2,444 per active participant

Area Agency on Aging District 7's 2024 employer contribution ran above the $1,313 median for plans its size, placing it in the top 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20245
NATIONWIDE · Recordkeeping · Loan processing$948
CADARET GRANT & CO INC. · Investment advisory (plan) · Investment management$38,748
SECURITIES AMERICA · Investment advisory (plan) · Investment management$13,088
EDWARD D.A. SOMMER · Investment advisory (plan) · Investment management$4,566
LINCOLN NATIONAL CORPORATION · Contract administrator$125

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

Recordkeeper by year2
2024Nationwide
2023Nationwide

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$57,105 · 0.71%
2023$88,524 · 1.22%
2022$83,869 · 1.10%
Same employer
Similar plansHealth Care & Social Assistance · Ohio
The McGregor Foundation OH$8.2M · 0.88%
Community Action Wayne OH$8.2M · 0.46%

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Source: U.S. Department of Labor, Form 5500 series, EIN 310971399 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.