Plan Ledger DOL Form 5500 · updated monthly

Clovernook Center for the Blind and Visually Impaired401(k)

CLOVERNOOK CENTER FOR THE BLIND RETIREMENT SAVINGS PLAN · CINCINNATI, OH · plan year 2024

Reported admin expense ratio · 2024
0.29%

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

Clovernook Center for the Blind and Visually Impaired reported $20,646 in plan administrative expenses for 2024: 0.29% of average plan assets, below the peer median. Employer contributions averaged $1,081 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 0.42% to 0.29%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Ohio (2,242nd of 3,295), and 6,675th of 11,911 in health care & social assistance. In 2024, employees put in $3.02 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$7,461,854
Participants with balances107
Active participants89
Employer contributions$96,223
Employee contributions$290,826
Employer contribution per active participant$1,081
Average account balance$69,737
Benefits paid to participants$390,336
Plan auditUnmodified (clean) audit opinion
AuditorBARNES DENNIG & CO., INC.
Plan history3
Yearassets · accounts · employer contribution
2024$7.5M · 107 accts · $96K emplr
2023$6.6M · 128 accts · $99K emplr
2022$6.1M · 125 accts · $91K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$20,646
Total administrative$20,646
The Clovernook Center for the Blind and Visually Impaired 401(k) match · 2024
Employer contribution per active participant$1,081
Median for plans this size$1,313
2024$1,081 per active participant
2023$1,012 per active participant
2022$1,027 per active participant

Clovernook Center for the Blind and Visually Impaired's 2024 employer contribution ran below the $1,313 median for plans its size. 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
CPI QUALIFIED PLAN CONSULTANTS, INC · Recordkeeping · Pension consulting$20,646

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

Recordkeeper by year2
2024CPI QUALIFIED PLAN CONSULTANTS, INC
2023CPI QUALIFIED PLAN CONSULTANTS, INC

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

Administrative cost history3
2024$20,646 · 0.29%
2023$18,028 · 0.28%
2022$29,005 · 0.42%
Similar plansHealth Care & Social Assistance · Ohio

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Source: U.S. Department of Labor, Form 5500 series, EIN 310584310 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.