Plan Ledger DOL Form 5500 · updated monthly

Lorain County Alcohol and Drug Abuse Services, Inc.403(b)

LORAIN COUNTY ALCOHOL DRUG ABUSE SERVICES INC. 403(B) PLAN · LORAIN, OH · plan year 2023

Reported admin expense ratio · 2023
0.18%

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

Lorain County Alcohol and Drug Abuse Services, Inc. reported $6,338 in plan administrative expenses for 2023: 0.18% of average plan assets, lower than ~75% of peers. Employer contributions averaged $383 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 has held roughly steady near 0.177%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Ohio (2,709th of 3,295), and 8,623rd of 11,911 in health care & social assistance. In 2023, employees put in $8.23 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$3,894,859
Participants with balances152
Active participants156
Employer contributions$59,780
Employee contributions$491,930
Employer contribution per active participant$383
Average account balance$25,624
Benefits paid to participants$416,600
Plan auditDisclaimer of opinion
Plan history2
Yearassets · accounts · employer contribution
2023$3.9M · 152 accts · $60K emplr
2022$3.3M · 164 accts · $62K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$6,338
Total administrative$6,338
Employer contributions to the Lorain County Alcohol and Drug Abuse Services, Inc. plan · 2023
Employer contribution per active participant$383
Median for plans this size$1,308
2023$383 per active participant
2022$427 per active participant

Lorain County Alcohol and Drug Abuse Services, Inc.'s 2023 employer contribution ran below the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231
STANCORP FINANCIAL GROUP · Claims processing · Recordkeeping$6,441

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

Administrative cost history2
2023$6,338 · 0.18%
2022$5,342 · 0.18%
Same employer
Similar plansHealth Care & Social Assistance · Ohio
Leads, Inc OH$4.0M · 0.13%
Edm Management, Inc. OH$3.9M · 0.98%

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Source: U.S. Department of Labor, Form 5500 series, EIN 341341788 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.