Plan Ledger DOL Form 5500 · updated monthly

Champion Laboratories, Inc.401(k)

CHAMPION LABORATORIES, INC. 401(K) RETIREMENT PLAN · CLEVELAND, OH · plan year 2023

Reported admin expense ratio · 2023
0.30%

Champion Laboratories, Inc. reported $202,962 in plan administrative expenses for 2023: 0.30% of average plan assets, higher than ~75% of peers. 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 1 year on file its reported administrative ratio rose from 0.23% to 0.30%. The plan sits in the $50M–$250M size bracket, benchmarked here against 9,317 comparable plans and shown alongside other manufacturing employers. By assets it is the 497th-largest of 3,295 plans among Ohio employers on file, and the 2,502nd of 13,661 in manufacturing. active participation has shrunk from 1,264 to 1,005 since 2022.

Plan summary
Net assets, end of year$68,572,971
Participants with balances1,255
Active participants1,005
Employer contributions—
Employee contributions$2,774,982
Employer contribution per active participant—
Average account balance$54,640
Benefits paid to participants$11,747,226
Plan auditUnmodified (clean) audit opinion
AuditorBOBER, MARKEY, FEDOROVICH
Plan history3
Yearassets · accounts · employer contribution
2024$0 · $81K emplr
2023$68.6M · 1,255 accts
2022$67.6M · 1,405 accts · $1K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$196,179
Audit (IQPA)$6,783
Total administrative$202,962
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.

Service providers · 20233
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$218,502
BOBER MARKEY FEDOROVICH · Accounting / audit$6,783
CBIZ INVESTMENT ADVISORY SERVICES · Investment advisory (plan)indirect comp

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

Administrative cost history3
2024Not separately reported
2023$202,962 · 0.30%
2022$182,059 · 0.23%
Similar plansManufacturing · Ohio
Contitech USA, Inc. OH$70.2M · 0.07%
Bettcher Industries, Inc. OH$68.0M · 0.18%
Sumiriko Ohio, Inc. OH$67.9M · 0.25%

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Source: U.S. Department of Labor, Form 5500 series, EIN 043759857 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.