Plan Ledger DOL Form 5500 · updated monthly

Life Enriching Communities403(b)

LIFE ENRICHING COMMUNITIES 403B PLAN · LOVELAND, OH · plan year 2024

Reported admin expense ratio · 2024
0.03%

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

Life Enriching Communities reported $6,187 in plan administrative expenses for 2024: 0.03% of average plan assets, lower than ~75% of peers. Employer contributions averaged $272 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 0.025% to 0.028%. 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 1,185th-largest of 3,295 plans among Ohio employers on file, and the 3,304th of 11,911 in health care & social assistance. In 2024, employees put in $3.35 for every $1.00 the employer contributed; active participation has grown from 1,469 to 1,914 since 2022.

Plan summary
Net assets, end of year$23,467,973
Participants with balances506
Active participants1,914
Employer contributions$521,140
Employee contributions$1,747,018
Employer contribution per active participant$272
Average account balance$46,379
Benefits paid to participants$2,176,489
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$23.5M · 506 accts · $521K emplr
2023$20.1M · 511 accts · $500K emplr
2022$11.7M · 415 accts · $343K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$5,717
Investment management$470
Total administrative$6,187
Employer contributions to the Life Enriching Communities plan · 2024
Employer contribution per active participant$272
Median for plans this size$2,416
2024$272 per active participant
2023$280 per active participant
2022$234 per active participant

Life Enriching Communities's 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom 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 · 20241
AMERICAN UNITED LIFE INSURANCE CO · Recordkeeping · Loan processing$7,892

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024OneAmerica
2023OneAmerica

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$6,187 · 0.03%
2023$5,103 · 0.03%
2022$3,140 · 0.03%
Same employer
Similar plansHealth Care & Social Assistance · Ohio
Hospice of Northwest Ohio OH$24.6M · 0.41%
The Village Network OH$23.5M · 0.43%
Healthspan Partners OH$23.4M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 043660613 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.