Plan Ledger DOL Form 5500 · updated monthly

Gateways to Better Living, Inc.401(k)

GATEWAYS TO BETTER LIVING, INC. 401K PLAN · YOUNGSTOWN, OH · plan year 2024

Reported admin expense ratio · 2024
0.16%

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

Gateways to Better Living, Inc. reported $10,083 in plan administrative expenses for 2024: 0.16% of average plan assets, lower than ~75% of peers. Employer contributions averaged $583 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 0.14% to 0.16%. 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 (2,334th of 3,295), and 6,998th of 11,911 in health care & social assistance. In 2024, employees put in $2.54 for every $1.00 the employer contributed; active participation has grown from 282 to 321 since 2022.

Plan summary
Net assets, end of year$6,734,162
Participants with balances149
Active participants321
Employer contributions$187,162
Employee contributions$474,728
Employer contribution per active participant$583
Average account balance$45,196
Benefits paid to participants$515,360
Plan auditUnmodified (clean) audit opinion
AuditorHILL, BARTH & KING LLC
Plan history3
Yearassets · accounts · employer contribution
2024$6.7M · 149 accts · $187K emplr
2023$6.1M · 149 accts · $158K emplr
2022$5.6M · 152 accts · $174K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$10,083
Total administrative$10,083
The Gateways to Better Living, Inc. 401(k) match · 2024
Employer contribution per active participant$583
Median for plans this size$1,313
2024$583 per active participant
2023$584 per active participant
2022$618 per active participant

Gateways to Better Living, 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 · 20241
STANCORP FINANCIAL GROUP · Claims processing · Recordkeeping$39,744

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

Recordkeeper by year2
2024The Standard
2023Securian

This plan has changed recordkeepers within these filings. If you left Gateways to Better Living, Inc. before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$10,083 · 0.16%
2023$5,105 · 0.09%
2022$7,968 · 0.14%
Similar plansHealth Care & Social Assistance · Ohio
Alta Care Group, Inc. OH$6.5M · 0.04%
Blick Clinic, Inc. OH$6.5M · 0.69%

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Source: U.S. Department of Labor, Form 5500 series, EIN 341105107 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.