Plan Ledger DOL Form 5500 · updated monthly

Lorain County Community Action AgencyDC plan

LORAIN COUNTY COMMUNITY ACTION AGENCY 403(B) THRIF · LORAIN, OH · plan year 2024

Reported admin expense ratio · 2024
0.18%

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

Lorain County Community Action Agency reported $7,341 in plan administrative expenses for 2024: 0.18% of average plan assets, lower than ~75% of peers. Employer contributions averaged $744 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 0.02% to 0.18%. 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 (2,684th of 3,295), and 8,534th of 11,911 in health care & social assistance. In 2024, the employer put in $1.12 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$4,027,622
Participants with balances387
Active participants301
Employer contributions$224,000
Employee contributions$199,194
Employer contribution per active participant$744
Average account balance$10,407
Benefits paid to participants$714,012
Plan auditUnmodified (clean) audit opinion
AuditorS.R. SNODGRASS, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$4.0M · 387 accts · $224K emplr
2023$4.0M · 387 accts · $222K emplr
2022$3.3M · 396 accts · $206K emplr
Employer contributions to the Lorain County Community Action Agency plan · 2024
Employer contribution per active participant$744
Median for plans this size$1,313
2024$744 per active participant
2023$735 per active participant
2022$617 per active participant

Lorain County Community Action Agency's 2024 employer contribution ran below the $1,313 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 202412
FIDELITY INVESTMENTS · Investment managementindirect comp
VANGUARD · Investment managementindirect comp
DWS · Investment managementindirect comp
INVESCO · Investment managementindirect comp
AMERICAN CENTURY INVESTMENTS · Investment managementindirect comp
CALVERT RESEARCH AND MANAGEMENT · Investment managementindirect comp
AMERICAN FUNDS · Investment managementindirect comp
PIMCO · Investment managementindirect comp
T. ROWE PRICE · Investment managementindirect comp
MFS · Investment managementindirect comp
VICTORY CAPITAL MANAGEMENT INC. · Investment managementindirect comp
NEUBERGER BERMAN · Investment managementindirect comp

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$7,341 · 0.18%
2023$3,118 · 0.09%
2022$723 · 0.02%
Similar plansHealth Care & Social Assistance · Ohio
Leads, Inc OH$4.0M · 0.13%

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Source: U.S. Department of Labor, Form 5500 series, EIN 340968029 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.