Plan Ledger DOL Form 5500 · updated monthly

Governing Comm of the Assoc of Ind College and Univ of Ohio Mep403(b)

ASSOC OF INDEPENDENT COLLEGES AND UNIVERSITIES OF OHIO MEP · COLUMBUS, OH · plan year 2024

Reported admin expense ratio · 2024
0.35%

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

Governing Comm of the Assoc of Ind College and Univ of Ohio Mep reported $1,596,314 in plan administrative expenses for 2024: 0.35% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,881 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 0.00% to 0.35%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other educational services employers. By assets it is the 108th-largest of 3,295 plans among Ohio employers on file, and the 114th of 3,091 in educational services. In 2024, employees put in $2.00 for every $1.00 the employer contributed; active participation has grown from 813 to 2,140 since 2022.

Plan summary
Net assets, end of year$480,389,543
Participants with balances4,353
Active participants2,140
Employer contributions$4,024,563
Employee contributions$8,036,528
Employer contribution per active participant$1,881
Average account balance$110,358
Benefits paid to participants$47,189,849
Plan auditUnmodified (clean) audit opinion
AuditorPLANCHEC(K) CPA'S LLC
Plan history3
Yearassets · accounts · employer contribution
2024$480.4M · 4,353 accts · $4.0M emplr
2023$424.7M · 4,265 accts · $2.4M emplr
2022$155.5M · 1,912 accts · $91K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$733,197
Total administrative$1,596,314
Employer contributions to the Governing Comm of the Assoc of Ind College and Univ of Ohio Mep plan · 2024
Employer contribution per active participant$1,881
Median for plans this size$4,294
2024$1,881 per active participant
2023$1,339 per active participant
2022$111 per active participant

Governing Comm of the Assoc of Ind College and Univ of Ohio Mep's 2024 employer contribution ran below the $4,294 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 · 20246
TIAA · Recordkeeping · Custodial (securities)$290,724
PLAN PILOT · Investment advisory (plan)$203,800
PENTEGRA SERVICES, INC · Plan administrator$148,279
LPL FINANCIAL · Investment advisory (plan)$70,630
MALONEY & NOVOTNY, LLC · Investment advisory (plan)$13,200
LAW OFFICES OF ALLEN T STEINBERG PC · Legal$9,181

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

Recordkeeper by year2
2024TIAA
2023TIAA

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$1,596,314 · 0.35%
2023$306,918 · 0.11%
2022$6,260 · 0.00%
Similar plansEducational Services · Ohio
University of Dayton OH$667.3M · 0.05%
Oberlin College OH$528.5M · 0.04%
Xavier University OH$410.6M · 0.07%
Kenyon College OH$323.0M · 0.05%
Denison University OH$310.4M · 0.10%
Ohio Northern University OH$252.8M · 0.10%

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Source: U.S. Department of Labor, Form 5500 series, EIN 310880079 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.