Plan Ledger DOL Form 5500 · updated monthly

Lancaster-Fairfield Community Action Program, Inc.401(k)

LANCASTER-FAIRFIELD CAP, INC. 401(K) PROFIT SHARING PLAN · LANCASTER, OH · plan year 2024

Reported admin expense ratio · 2024
0.55%

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

Lancaster-Fairfield Community Action Program, Inc. reported $21,807 in plan administrative expenses for 2024: 0.55% of average plan assets, above the peer median. Employer contributions averaged $2,571 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 fell from 0.92% to 0.55%. 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 (2,652nd of 3,295), and 8,404th of 11,911 in health care & social assistance. In 2024, the employer put in $1.89 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$4,213,902
Participants with balances135
Active participants104
Employer contributions$267,374
Employee contributions$141,471
Employer contribution per active participant$2,571
Average account balance$31,214
Benefits paid to participants$299,985
Plan auditUnmodified (clean) audit opinion
AuditorS.R. SNODGRASS, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$4.2M · 135 accts · $267K emplr
2023$3.7M · 127 accts · $255K emplr
2022$3.2M · 127 accts · $194K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$21,807
Total administrative$21,807
The Lancaster-Fairfield Community Action Program, Inc. 401(k) match · 2024
Employer contribution per active participant$2,571
Median for plans this size$1,313
2024$2,571 per active participant
2023$2,498 per active participant
2022$2,047 per active participant

Lancaster-Fairfield Community Action Program, Inc.'s 2024 employer contribution ran above the $1,313 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20245
LATITUDE SERVICE COMPANY · Other services$22,461
NATIONWIDE · Custodial (securities)$18,530
STEWARD PARTNERS INVESTMENT ADVISOR · Investment advisory (plan)$8,300
SALING SIMMS ASSOCIATES INC · Investment advisory (plan)$7,890
LEAFHOUSE FINANCIAL ADVISORS LLC · Trustee (directed)$2,021

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$21,807 · 0.55%
2023$35,604 · 1.04%
2022$32,290 · 0.92%
Similar plansHealth Care & Social Assistance · Ohio
Hillandale Communities OH$4.3M · 1.03%
Drs. Frankel & Puhl, Inc. OH$4.1M · 0.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 316060695 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.