Plan Ledger DOL Form 5500 · updated monthly

Lake Erie College403(b)

LAKE ERIE COLLEGE RETIREMENT PLAN · PAINESVILLE, OH · plan year 2024

Reported admin expense ratio · 2024
0.02%

Lake Erie College reported $3,847 in plan administrative expenses for 2024: 0.02% of average plan assets, lower than ~75% of peers. 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 0.01% to 0.02%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other educational services employers. By assets it is the 1,201st-largest of 3,295 plans among Ohio employers on file, and the 1,485th of 3,091 in educational services.

Plan summary
Net assets, end of year$22,996,241
Participants with balances497
Active participants237
Employer contributions—
Employee contributions$286,223
Employer contribution per active participant—
Average account balance$46,270
Benefits paid to participants$1,326,810
Plan auditDisclaimer of opinion
Plan history3
Yearassets · accounts · employer contribution
2024$23.0M · 497 accts
2023$21.9M · 494 accts
2022$21.5M · 507 accts · $317K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$3,847
Total administrative$3,847
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.

Administrative cost history3
2024$3,847 · 0.02%
2023$3,789 · 0.02%
2022$2,500 · 0.01%
Same employer
Similar plansEducational Services · Ohio
Western Reserve Academy OH$30.2M · 0.20%
Cleveland Institute of Art OH$29.3M · 0.20%
The Wellington School OH$22.8M · 0.21%
The Miami Valley School OH$20.2M · 0.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 340733165 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.