Plan Ledger DOL Form 5500 · updated monthly

Friendship Village of Columbus, Ohio, Inc.401(k)

WESTERWOOD 401(K) PLAN · COLUMBUS, OH · plan year 2024

Reported admin expense ratio · 2024
0.89%

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

Friendship Village of Columbus, Ohio, Inc. reported $28,972 in plan administrative expenses for 2024: 0.89% of average plan assets, higher than ~75% of peers. Employer contributions averaged $573 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 rose from 0.62% to 0.89%. 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 (2,747th of 3,295), and 8,770th of 11,911 in health care & social assistance. In 2024, employees put in $2.76 for every $1.00 the employer contributed; active participation has grown from 221 to 282 since 2022.

Plan summary
Net assets, end of year$3,691,024
Participants with balances261
Active participants282
Employer contributions$161,550
Employee contributions$445,321
Employer contribution per active participant$573
Average account balance$14,142
Benefits paid to participants$149,702
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$3.7M · 261 accts · $162K emplr
2023$2.8M · 238 accts · $138K emplr
2022$2.6M · 126 accts · $94K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$18,271
Investment management$10,701
Total administrative$28,972
The Friendship Village of Columbus, Ohio, Inc. 401(k) match · 2024
Employer contribution per active participant$573
Median for plans this size$1,313
2024$573 per active participant
2023$476 per active participant
2022$425 per active participant

Friendship Village of Columbus, Ohio, Inc.'s 2024 employer contribution ran below the $1,313 median for plans its size, in the bottom 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
EVERHART FINANCIAL GROUP INC EVERHA · Investment advisory (plan)$10,701

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$28,972 · 0.89%
2023$19,278 · 0.72%
2022$15,238 · 0.62%
Same employer
Similar plansHealth Care & Social Assistance · Ohio
R H D D Inc. OH$3.7M · 0.55%
Aspen Therapy, LLC OH$3.7M · 1.01%
Buckeye Home Health Care OH$3.6M · 0.76%

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Source: U.S. Department of Labor, Form 5500 series, EIN 310892356 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.