Plan Ledger DOL Form 5500 · updated monthly

Area Five Agency on Aging & Community Services, Inc.401(k)

AREA FIVE AGENCY 401(K) PLAN · LOGANSPORT, IN · plan year 2023

Reported admin expense ratio · 2023
0.47%

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

Area Five Agency on Aging & Community Services, Inc. reported $13,371 in plan administrative expenses for 2023: 0.47% of average plan assets, below the peer median. Employer contributions averaged $1,351 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 0.48% to 0.44%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Indiana (1,320th of 1,562), and 9,213th of 11,911 in health care & social assistance. In 2023, the employer put in $1.98 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$3,064,940
Participants with balances118
Active participants121
Employer contributions$163,504
Employee contributions$82,512
Employer contribution per active participant$1,351
Average account balance$25,974
Benefits paid to participants$232,838
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$2.8M · 106 accts · $51K emplr
2023$3.1M · 118 accts · $164K emplr
2022$2.6M · 118 accts · $152K emplr
Administrative expenses, itemized · 2023
Investment management$13,371
Total administrative$13,371
The Area Five Agency on Aging & Community Services, Inc. 401(k) match · 2023
Employer contribution per active participant$1,351
Median for plans this size$1,308
2024$410 per active participant
2023$1,351 per active participant
2022$1,273 per active participant

Area Five Agency on Aging & Community Services, Inc.'s 2023 employer contribution ran above the $1,308 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 history3
2024$13,144 · 0.44%
2023$13,371 · 0.47%
2022$14,714 · 0.48%
Similar plansHealth Care & Social Assistance · Indiana
Byron Health Center IN$3.3M · 0.94%
Hillcroft Services Inc IN$2.9M · 0.77%

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Source: U.S. Department of Labor, Form 5500 series, EIN 237444508 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.