Plan Ledger DOL Form 5500 · updated monthly

Equity Resources, Inc401(k)

EQUITY RESOURCES, INC 401K PROFIT SHARING PLAN · NEWARK, OH · plan year 2024

Reported admin expense ratio · 2024
0.38%

Equity Resources, Inc reported $84,075 in plan administrative expenses for 2024: 0.38% of average plan assets, above the peer median. 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 0.52% to 0.38%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is the 1,191st-largest of 3,295 plans among Ohio employers on file, and 2,801st of 4,798 in finance & insurance. active participation has shrunk from 247 to 191 since 2022.

Plan summary
Net assets, end of year$23,340,819
Participants with balances219
Active participants191
Employer contributions—
Employee contributions$1,267,674
Employer contribution per active participant—
Average account balance$106,579
Benefits paid to participants$1,503,276
Plan auditUnmodified (clean) audit opinion
AuditorRICHEY MAY & CO.
Plan history3
Yearassets · accounts · employer contribution
2024$23.3M · 219 accts
2023$21.2M · 241 accts
2022$19.1M · 277 accts · $550K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$17,759
Investment management$530
Total administrative$84,075
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 · 20243
MORGAN STANLEY CAPITAL PRODUCTS LLC · Investment advisory (participants)$65,786
FIDELITY INVESTMENTS INST OPERATION · Loan processing$17,759
STRATEGIC ADVISORS · Investment advisory (plan)$530

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

Administrative cost history3
2024$84,075 · 0.38%
2023$104,361 · 0.52%
2022$106,185 · 0.52%
Same employer
Similar plansFinance & Insurance · Ohio
Kemba Credit Union, Inc. OH$24.6M · 0.10%
Liberty Capital, Inc. OH$23.6M · 0.22%
Horan Associates, Inc. OH$23.6M · 0.16%
Ancora Holdings Group, LLC OH$23.4M · 0.06%
The Merchants National Bank OH$23.0M · 0.08%
Waterford Bank, N.A. OH$22.3M · 0.05%
United Bancshares, Inc. OH$22.0M · 0.50%

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Source: U.S. Department of Labor, Form 5500 series, EIN 311401378 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.