Plan Ledger DOL Form 5500 · updated monthly

Cardinal Operating Company401(k)

CARDINAL OPERATING COMPANY 401(K) PLAN · COLUMBUS, OH · plan year 2024

Reported admin expense ratio · 2024
0.11%

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

Cardinal Operating Company reported $55,841 in plan administrative expenses for 2024: 0.11% of average plan assets, below the peer median. Employer contributions averaged $14,126 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 0.115% to 0.107%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other utilities employers. By assets it is the 595th-largest of 3,295 plans among Ohio employers on file, and the 174th of 412 in utilities. In 2024, the employer put in $1.02 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$56,725,554
Participants with balances280
Active participants257
Employer contributions$3,630,502
Employee contributions$3,563,776
Employer contribution per active participant$14,126
Average account balance$202,591
Benefits paid to participants$5,245,029
Plan auditUnmodified (clean) audit opinion
AuditorCROWE LLP
Plan history3
Yearassets · accounts · employer contribution
2024$56.7M · 280 accts · $3.6M emplr
2023$47.6M · 287 accts · $3.6M emplr
2022$36.8M · 292 accts · $3.6M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$43,050
Investment management$12,791
Total administrative$55,841
The Cardinal Operating Company 401(k) match · 2024
Employer contribution per active participant$14,126
Median for plans this size$3,635
2024$14,126 per active participant
2023$13,664 per active participant
2022$13,247 per active participant

Cardinal Operating Company's 2024 employer contribution ran above the $3,635 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 · 20242
SCHWAB RETIREMENT PLAN SERVICES INC · Recordkeeping · Investment advisory (participants)$55,841

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$55,841 · 0.11%
2023$46,754 · 0.11%
2022$43,481 · 0.11%
Same employer
Similar plansUtilities · Ohio
Interstate Gas Supply, LLC OH$128.8M · 0.09%
Utility Pipeline, LTD OH$11.5M · 0.44%
Thayer Investments, LLC OH$1.4M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 341025410 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.