Plan Ledger DOL Form 5500 · updated monthly

Direction Home of Eastern Ohio, Inc.401(k)

AREA AGENCY ON AGING 11, INC. 401(K) PLAN · YOUNGSTOWN, OH · plan year 2024

Reported admin expense ratio · 2024
0.21%

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

Direction Home of Eastern Ohio, Inc. reported $20,246 in plan administrative expenses for 2024: 0.21% of average plan assets, lower than ~75% of peers. Employer contributions averaged $3,850 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 0.55% to 0.21%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in Ohio (1,965th of 3,295), and the 1,628th of 3,341 in other services. In 2024, the employer put in $1.15 for every $1.00 employees contributed themselves; active participation has grown from 136 to 154 since 2022.

Plan summary
Net assets, end of year$10,329,632
Participants with balances185
Active participants154
Employer contributions$592,850
Employee contributions$516,531
Employer contribution per active participant$3,850
Average account balance$55,836
Benefits paid to participants$807,430
Plan auditUnmodified (clean) audit opinion
AuditorDG PERRY
Plan history3
Yearassets · accounts · employer contribution
2024$10.3M · 185 accts · $593K emplr
2023$8.7M · 169 accts · $71K emplr
2022$7.9M · 172 accts · $989K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$6,547
Investment management$13,699
Total administrative$20,246
The Direction Home of Eastern Ohio, Inc. 401(k) match · 2024
Employer contribution per active participant$3,850
Median for plans this size$1,313
2024$3,850 per active participant
2023$474 per active participant
2022$7,272 per active participant

Direction Home of Eastern Ohio, Inc.'s 2024 employer contribution ran above the $1,313 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
NEWPORT GROUP, INC. · Claims processing · Recordkeeping$6,547
CBIZ INVESTMENT ADVISORY SERVICES · Investment advisory (participants) · Investment advisory (plan)$13,699

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$20,246 · 0.21%
2023$33,474 · 0.40%
2022$39,426 · 0.55%
Same employer
Similar plansOther Services · Ohio
Area Office on Aging OH$11.3M · 0.12%
Coalition on Homelessness OH$10.4M · 0.34%
Cincinnati Nature Center OH$8.9M · 0.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 341194060 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.