Plan Ledger DOL Form 5500 · updated monthly

Direction Home Akron Canton Area Agency on Aging & Disabilities401(k)

DIRECTION HOME AKRON CANTON AREA AGENCY ON AGING & DISABILITIES 401(K) PLAN · UNIONTOWN, OH · plan year 2024

Reported admin expense ratio · 2024
0.04%

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

Direction Home Akron Canton Area Agency on Aging & Disabilities reported $13,935 in plan administrative expenses for 2024: 0.04% of average plan assets, lower than ~75% of peers. Employer contributions averaged $6,496 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 0.11% to 0.04%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 878th-largest of 3,295 plans among Ohio employers on file, and the 2,491st of 11,911 in health care & social assistance. In 2024, the employer put in $1.94 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$34,512,886
Participants with balances293
Active participants265
Employer contributions$1,721,365
Employee contributions$887,156
Employer contribution per active participant$6,496
Average account balance$117,791
Benefits paid to participants$1,496,673
Plan auditUnmodified (clean) audit opinion
AuditorBOBER MARKEY FEDOROVICH
Plan history3
Yearassets · accounts · employer contribution
2024$34.5M · 293 accts · $1.7M emplr
2023$29.7M · 277 accts · $1.6M emplr
2022$24.7M · 270 accts · $1.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$10,267
Trustee / custodial$3,668
Total administrative$13,935
The Direction Home Akron Canton Area Agency on Aging & Disabilities 401(k) match · 2024
Employer contribution per active participant$6,496
Median for plans this size$2,416
2024$6,496 per active participant
2023$6,221 per active participant
2022$6,107 per active participant

Direction Home Akron Canton Area Agency on Aging & Disabilities'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
NEWPORT GROUP, INC. · Contract administrator · Recordkeeping$10,267

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

Recordkeeper by year2
2024Newport (Ascensus)
2023Newport (Ascensus)

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

Administrative cost history3
2024$13,935 · 0.04%
2023$28,392 · 0.10%
2022$27,720 · 0.11%
Same employer
Similar plansHealth Care & Social Assistance · Ohio
Cora Health Services, Inc. OH$36.4M · 0.92%
Orthounited, Inc. OH$34.7M · 0.18%
Salem Community Hospital OH$34.6M · 0.29%
Signature Health, Inc. OH$32.8M · 0.18%
Concept Rehab, Inc. OH$31.7M · 0.34%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 341314654 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.