Plan Ledger DOL Form 5500 · updated monthly

Community Action Wayne403(b)

COMMUNITY ACTION WAYNE/MEDINA RETIREMENT SAVINGS PLAN · WOOSTER, OH · plan year 2024

Reported admin expense ratio · 2024
0.46%

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

Community Action Wayne reported $35,813 in plan administrative expenses for 2024: 0.46% of average plan assets, below the peer median. Employer contributions averaged $2,232 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 1 year on file its reported administrative ratio fell from 0.51% to 0.46%. 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 (2,180th of 3,295), and 6,380th of 11,911 in health care & social assistance. In 2024, the employer put in $1.05 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$8,161,132
Participants with balances173
Active participants132
Employer contributions$294,606
Employee contributions$279,261
Employer contribution per active participant$2,232
Average account balance$47,174
Benefits paid to participants$661,797
Plan auditDisclaimer of opinion
AuditorMALONEY + NOVOTNY LLC
Plan history2
Yearassets · accounts · employer contribution
2024$8.2M · 173 accts · $295K emplr
2023$7.3M · 183 accts · $275K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$35,813
Total administrative$35,813
Employer contributions to the Community Action Wayne plan · 2024
Employer contribution per active participant$2,232
Median for plans this size$1,313
2024$2,232 per active participant
2023$2,036 per active participant

Community Action Wayne's 2024 employer contribution ran above 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 · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$35,813
ONEDIGITAL INVESTMENT ADVISORS · 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 history2
2024$35,813 · 0.46%
2023$35,370 · 0.51%
Same employer
Similar plansHealth Care & Social Assistance · Ohio
The McGregor Foundation OH$8.2M · 0.88%

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Source: U.S. Department of Labor, Form 5500 series, EIN 340979210 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.