Plan Ledger DOL Form 5500 · updated monthly

Horan Associates, Inc.401(k)

HORAN ASSOCIATES, INC. PROFIT SHARING 401(K) PLAN · CINCINNATI, OH · plan year 2022

Reported admin expense ratio · 2022
0.16%

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

Horan Associates, Inc. reported $38,923 in plan administrative expenses for 2022: 0.16% of average plan assets, below the peer median. Employer contributions averaged $8,587 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 1 year on file its reported administrative ratio rose from 0.16% to 0.21%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,806 comparable plans and shown alongside other finance & insurance employers. By assets it is the 1,180th-largest of 3,295 plans among Ohio employers on file, and 2,786th of 4,798 in finance & insurance. In 2022, employees put in $1.16 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$23,565,559
Participants with balances155
Active participants113
Employer contributions$970,365
Employee contributions$1,129,630
Employer contribution per active participant$8,587
Average account balance$152,036
Benefits paid to participants$582,028
Plan auditUnmodified (clean) audit opinion
AuditorVONLEHMAN & COMPANY, INC.
Plan history2
Yearassets · accounts · employer contribution
2023$3.2M · 71 accts · $323K emplr
2022$23.6M · 155 accts · $970K emplr
Administrative expenses, itemized · 2022
Professional / advisory$38,923
Total administrative$38,923
The Horan Associates, Inc. 401(k) match · 2022
Employer contribution per active participant$8,587
Median for plans this size$2,266

Horan Associates, Inc.'s 2022 employer contribution ran above the $2,266 median for plans its size, placing it in the top 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history2
2023$28,553 · 0.21%
2022$38,923 · 0.16%
Similar plansFinance & Insurance · Ohio
Hbk Sorce Financial, LLC OH$25.7M · 0.07%
Kemba Credit Union, Inc. OH$24.6M · 0.10%
Liberty Capital, Inc. OH$23.6M · 0.22%
Ancora Holdings Group, LLC OH$23.4M · 0.06%
Equity Resources, Inc OH$23.3M · 0.38%
The Merchants National Bank OH$23.0M · 0.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 311004837 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.