Plan Ledger DOL Form 5500 · updated monthly

Beech Brook401(k)

BEECH BROOK RETIREMENT SAVINGS PLAN · CLEVELAND, OH · plan year 2024

Reported admin expense ratio · 2024
0.34%

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

Beech Brook reported $42,265 in plan administrative expenses for 2024: 0.34% of average plan assets, above the peer median. Employer contributions averaged $712 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 3 years on file its reported administrative ratio has held roughly steady near 0.343%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Ohio (1,753rd of 3,295), and the 4,938th of 11,911 in health care & social assistance. In 2024, employees put in $4.62 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$12,874,207
Participants with balances271
Active participants152
Employer contributions$108,254
Employee contributions$499,981
Employer contribution per active participant$712
Average account balance$47,506
Benefits paid to participants$851,102
Plan auditUnmodified (clean) audit opinion
AuditorRSM US LLP
Plan history3
Yearassets · accounts · employer contribution
2024$12.9M · 271 accts · $108K emplr
2023$11.8M · 263 accts · $94K emplr
2022$10.7M · 271 accts · $100K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$656
Investment management$41,609
Total administrative$42,265
The Beech Brook 401(k) match · 2024
Employer contribution per active participant$712
Median for plans this size$2,416
2024$712 per active participant
2023$664 per active participant
2022$676 per active participant

Beech Brook's 2024 employer contribution ran below the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
SCHWAB RETIREMENT PLAN SERVICES,INC · Recordkeeping · Investment advisory (participants)$42,265
CHARLES SCHWAB & CO., INC. · Securities brokerage$47

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

Recordkeeper by year2
2024Charles Schwab
2023Charles Schwab

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

Administrative cost history3
2024$42,265 · 0.34%
2023$38,584 · 0.34%
2022$40,806 · 0.34%
Same employer
Similar plansHealth Care & Social Assistance · Ohio
Compass Health Brands Corp OH$13.3M · 0.06%
I Am Boundless, Inc. OH$13.3M · 1.12%
Medf Physicians Corp. OH$13.0M · 0.09%
The Nord Center OH$13.0M · 0.88%
Netcare Corporation OH$12.2M · 0.00%
Transcon Builders, Inc. OH$12.2M · 0.71%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 340714597 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.