Plan Ledger DOL Form 5500 · updated monthly

Blanchard Valley Medical Assc Inc401(k)

BLANCHARD VALLEY MEDICAL ASSC INC 401(K) PROFIT SHARING PLAN · FINDLAY, OH · plan year 2024

Reported admin expense ratio · 2024
0.65%

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

Blanchard Valley Medical Assc Inc reported $238,137 in plan administrative expenses for 2024: 0.65% of average plan assets, higher than ~90% of peers. Employer contributions averaged $5,557 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 0.647%. 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 the 818th-largest of 3,295 plans among Ohio employers on file, and the 2,347th of 11,911 in health care & social assistance. In 2024, employees put in $1.15 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$37,567,776
Participants with balances134
Active participants92
Employer contributions$511,243
Employee contributions$588,527
Employer contribution per active participant$5,557
Average account balance$280,357
Benefits paid to participants$3,594,081
Plan auditUnmodified (clean) audit opinion
AuditorVEID & VEID CPA'S
Plan history3
Yearassets · accounts · employer contribution
2024$37.6M · 134 accts · $511K emplr
2023$36.1M · 135 accts · $483K emplr
2022$33.6M · 161 accts · $470K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$238,137
Total administrative$238,137
The Blanchard Valley Medical Assc Inc 401(k) match · 2024
Employer contribution per active participant$5,557
Median for plans this size$2,416
2024$5,557 per active participant
2023$5,139 per active participant
2022$4,656 per active participant

Blanchard Valley Medical Assc Inc's 2024 employer contribution ran above the $2,416 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 · 20246
JOHN HANCOCK LIFE INSURANCE COMPANY · Recordkeeping · Investment management$34,658
FIFTH THIRD BANK RETIREMENT SERVICE · Custodial · Securities brokerage$76,930
NORTHWESTERN MUTUAL · Investment advisory (participants)$44,391
INFRESH, INC. · Investment advisory (participants)$44,391
MERRILL LYNCH PIERCE FENNER & SMITH · Custodial · Securities brokerage$41,849
LEGACY FINANCIAL ADVISORS, INC. · Investment advisory (participants)$24,213

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024$238,137 · 0.65%
2023$232,549 · 0.67%
2022$256,658 · 0.65%
Same employer
Similar plansHealth Care & Social Assistance · Ohio
Family Health, Inc. OH$41.2M · 0.00%
Ohioguidestone OH$39.7M · 0.47%
Fulton County Health Center OH$38.3M · 0.45%

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Source: U.S. Department of Labor, Form 5500 series, EIN 341148970 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.