Plan Ledger DOL Form 5500 · updated monthly

Energy Harbor Corp.401(k)

ENERGY HARBOR 401(K) & RETIREMENT CONTRIBUTION PLAN · AKRON, OH · plan year 2023

Reported admin expense ratio · 2023
0.08%

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

Energy Harbor Corp. reported $504,065 in plan administrative expenses for 2023: 0.08% of average plan assets, above the peer median. Employer contributions averaged $16,197 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 has held roughly steady near 0.077%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,601 comparable plans and shown alongside other utilities employers. By assets it is the 83rd-largest of 3,295 plans among Ohio employers on file, and the 55th of 412 in utilities. In 2023, the employer put in $1.03 for every $1.00 employees contributed themselves; active participation has shrunk from 2,295 to 2,051 since 2022.

Plan summary
Net assets, end of year$681,421,111
Participants with balances2,590
Active participants2,051
Employer contributions$33,221,038
Employee contributions$32,233,720
Employer contribution per active participant$16,197
Average account balance$263,097
Benefits paid to participants$107,588,160
Plan auditUnmodified (clean) audit opinion
AuditorBOBER MARKEY FEDOROVICH AND COMANY
Plan history3
Yearassets · accounts · employer contribution
2024$0 · $13.9M emplr
2023$681.4M · 2,590 accts · $33.2M emplr
2022$629.8M · 2,632 accts · $34.1M emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$19,623
Investment management$235,007
Trustee / custodial$64,901
Total administrative$504,065
The Energy Harbor Corp. 401(k) match · 2023
Employer contribution per active participant$16,197
Median for plans this size$4,362
2023$16,197 per active participant
2022$14,855 per active participant

Energy Harbor Corp.'s 2023 employer contribution ran above the $4,362 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$228,092
CAPFINANCIAL PARTNERS, LLC · Investment advisory (participants) · Investment advisory (plan)$118,271
FIDELITY INVESTMENTS INSTITUTIONAL · Trustee (directed) · Loan processing$89,995

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$504,065 · 0.08%
2022$535,817 · 0.08%
Similar plansUtilities · Ohio
Firstenergy Corp. OH$3.9B · 0.09%
Interstate Gas Supply, LLC OH$128.8M · 0.09%

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Source: U.S. Department of Labor, Form 5500 series, EIN 843992199 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.