Plan Ledger DOL Form 5500 · updated monthly

Great Lakes Community Action Partnership403(b)

GREAT LAKES COMMUNITY ACTION PARTNERSHIP 403(B) TAX SHELTERED ANNUITY PLAN · FREMONT, OH · plan year 2024

Reported admin expense ratio · 2024
0.26%

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

Great Lakes Community Action Partnership reported $65,680 in plan administrative expenses for 2024: 0.26% of average plan assets, below the peer median. Employer contributions averaged $2,316 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 0.23% to 0.26%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 1,066th-largest of 3,295 plans among Ohio employers on file, and the 3,023rd of 11,911 in health care & social assistance. In 2024, the employer put in $1.12 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$26,653,521
Participants with balances711
Active participants532
Employer contributions$1,232,269
Employee contributions$1,098,290
Employer contribution per active participant$2,316
Average account balance$37,487
Benefits paid to participants$2,270,662
Plan auditUnmodified (clean) audit opinion
AuditorS.R. SNODGRASS
Plan history3
Yearassets · accounts · employer contribution
2024$26.7M · 711 accts · $1.2M emplr
2023$23.7M · 673 accts · $1.1M emplr
2022$20.4M · 615 accts · $1.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$28,328
Trustee / custodial$37,352
Total administrative$65,680
Employer contributions to the Great Lakes Community Action Partnership plan · 2024
Employer contribution per active participant$2,316
Median for plans this size$2,416
2024$2,316 per active participant
2023$2,184 per active participant
2022$2,113 per active participant

Great Lakes Community Action Partnership's 2024 employer contribution ran below the $2,416 median for plans its size. 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
TRUST COMPANY OF TOLEDO · Trustee$65,680

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$65,680 · 0.26%
2023$58,845 · 0.27%
2022$50,423 · 0.23%
Same employer
Similar plansHealth Care & Social Assistance · Ohio
Community Health Care, Inc. OH$25.2M · 0.12%
Brightview, LLC OH$24.7M · 0.98%

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Source: U.S. Department of Labor, Form 5500 series, EIN 340975934 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.