Plan Ledger DOL Form 5500 · updated monthly

Boyd Watterson Asset Management, LLC401(k)

BOYD WATTERSON RETIREMENT PLAN · CLEVELAND, OH · plan year 2024

Reported admin expense ratio · 2024
0.16%

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

Boyd Watterson Asset Management, LLC reported $44,896 in plan administrative expenses for 2024: 0.16% of average plan assets, below the peer median. Employer contributions averaged $11,695 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 0.17% to 0.16%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is the 950th-largest of 3,295 plans among Ohio employers on file, and the 2,362nd of 4,798 in finance & insurance. In 2024, employees put in $1.42 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$31,093,964
Participants with balances148
Active participants127
Employer contributions$1,485,221
Employee contributions$2,109,245
Employer contribution per active participant$11,695
Average account balance$210,094
Benefits paid to participants$1,403,010
Plan auditUnmodified (clean) audit opinion
AuditorBARNES WENDLING CPAS, INC
Plan history3
Yearassets · accounts · employer contribution
2024$31.1M · 148 accts · $1.5M emplr
2023$24.8M · 143 accts · $1.3M emplr
2022$18.3M · 139 accts · $1.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$44,896
Total administrative$44,896
The Boyd Watterson Asset Management, LLC 401(k) match · 2024
Employer contribution per active participant$11,695
Median for plans this size$2,416
2024$11,695 per active participant
2023$10,508 per active participant
2022$11,471 per active participant

Boyd Watterson Asset Management, LLC'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 · 20241
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$44,896

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

Administrative cost history3
2024$44,896 · 0.16%
2023$32,934 · 0.15%
2022$31,796 · 0.17%
Similar plansFinance & Insurance · Ohio
The Croghan Colonial Bank OH$31.5M · 0.12%
Ohio Valley Banc Corp. OH$30.1M · 0.01%
Equity Trust Company OH$29.9M · 0.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 341922005 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.