Plan Ledger DOL Form 5500 · updated monthly

Liberty Capital, Inc.401(k)

LIBERTY CAPITAL, INC. 401(K) PROFIT SHARING PLAN · WILMINGTON, OH · plan year 2023

Reported admin expense ratio · 2023
0.22%

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

Liberty Capital, Inc. reported $50,060 in plan administrative expenses for 2023: 0.22% of average plan assets, below the peer median. Employer contributions averaged $1,345 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 0.27% to 0.23%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other finance & insurance employers. By assets it is the 1,178th-largest of 3,295 plans among Ohio employers on file, and 2,784th of 4,798 in finance & insurance. In 2023, employees put in $3.53 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$23,613,058
Participants with balances158
Active participants100
Employer contributions$134,471
Employee contributions$475,327
Employer contribution per active participant$1,345
Average account balance$149,450
Benefits paid to participants$2,102,802
Plan auditUnmodified (clean) audit opinion
AuditorS.R. SNODGRASS, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$23.3M · 149 accts · $135K emplr
2023$23.6M · 158 accts · $134K emplr
2022$21.1M · 173 accts · $158K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$19,680
Investment management$2,447
Total administrative$50,060
The Liberty Capital, Inc. 401(k) match · 2023
Employer contribution per active participant$1,345
Median for plans this size$2,440
2024$1,403 per active participant
2023$1,345 per active participant
2022$1,437 per active participant

Liberty Capital, Inc.'s 2023 employer contribution ran below the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
CBIZ INVESTMENT ADVISORY SERVICES · Consulting$27,933
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$19,680

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$53,209 · 0.23%
2023$50,060 · 0.22%
2022$61,721 · 0.27%
Similar plansFinance & Insurance · Ohio
Westfield Bank, Fsb OH$26.0M · 0.24%
Hbk Sorce Financial, LLC OH$25.7M · 0.07%
Kemba Credit Union, Inc. OH$24.6M · 0.10%
Horan Associates, Inc. OH$23.6M · 0.16%
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 311159734 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.