Plan Ledger DOL Form 5500 · updated monthly

Lorain County Printing & Publishing Company401(k)

LORAIN COUNTY PRINTING & PUBLISHING COMPANY 401(K) PLAN · ELYRIA, OH · plan year 2023

Reported admin expense ratio · 2023
1.06%

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

Lorain County Printing & Publishing Company reported $35,206 in plan administrative expenses for 2023: 1.06% of average plan assets, higher than ~75% of peers. Employer contributions averaged $25 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 1.44% to 1.22%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other information & media employers. By assets it is among the smaller plans on file in Ohio (2,774th of 3,295), and 2,004th of 2,199 in information & media. In 2023, employees put in $46.46 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$3,488,714
Participants with balances106
Active participants129
Employer contributions$3,211
Employee contributions$149,193
Employer contribution per active participant$25
Average account balance$32,912
Benefits paid to participants$329,681
Plan auditUnmodified (clean) audit opinion
AuditorBARNES WENDLING CPAS, INC.
Plan history3
Yearassets · accounts · employer contribution
2024$3.4M · 124 accts · $165K emplr
2023$3.5M · 106 accts · $3K emplr
2022$3.1M · 100 accts
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$21,657
Investment management$13,549
Total administrative$35,206
The Lorain County Printing & Publishing Company 401(k) match · 2023
Employer contribution per active participant$25
Median for plans this size$1,308
2024$1,394 per active participant
2023$25 per active participant

Lorain County Printing & Publishing Company'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 · 20233
GLOBAL RETIREMENT PARTNERS LLC · Investment advisory (plan)$13,053
EMPOWER ADVISORY GROUP, LLC · Investment management$496

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$41,950 · 1.22%
2023$35,206 · 1.06%
2022$50,861 · 1.44%
Same employer
Similar plansInformation & Media · Ohio
Bendon Inc OH$5.0M · 0.52%
Hometown Ticketing, Inc. OH$4.7M · 0.34%
Pffa Acquisition LLC OH$3.9M · 0.49%
Suarez Industries Inc OH$3.0M · 0.75%
Vox Mobile, Inc. OH$2.1M · 1.69%
T-Cetra LLC OH$1.9M · 0.99%

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Source: U.S. Department of Labor, Form 5500 series, EIN 340365210 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.