Plan Ledger DOL Form 5500 · updated monthly

McGohan Brabender Agency Inc.401(k)

MCGOHAN BRABENDER 401(K) PROFIT SHARING PLAN · DAYTON, OH · plan year 2024

Reported admin expense ratio · 2024
0.17%

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

McGohan Brabender Agency Inc. reported $97,248 in plan administrative expenses for 2024: 0.17% of average plan assets, above the peer median. Employer contributions averaged $5,316 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 0.36% to 0.17%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other finance & insurance employers. By assets it is the 549th-largest of 3,295 plans among Ohio employers on file, and the 1,431st of 4,798 in finance & insurance. In 2024, employees put in $1.36 for every $1.00 the employer contributed; active participation has grown from 280 to 348 since 2022.

Plan summary
Net assets, end of year$61,630,989
Participants with balances440
Active participants348
Employer contributions$1,849,829
Employee contributions$2,516,593
Employer contribution per active participant$5,316
Average account balance$140,070
Benefits paid to participants$8,105,571
Plan auditUnmodified (clean) audit opinion
AuditorBRIXEY & MEYER, INC.
Plan history3
Yearassets · accounts · employer contribution
2024$61.6M · 440 accts · $1.8M emplr
2023$55.4M · 420 accts · $1.5M emplr
2022$46.6M · 364 accts · $1.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$14,096
Investment management$81,970
Total administrative$97,248
The McGohan Brabender Agency Inc. 401(k) match · 2024
Employer contribution per active participant$5,316
Median for plans this size$3,635
2024$5,316 per active participant
2023$4,604 per active participant
2022$4,538 per active participant

McGohan Brabender Agency Inc.'s 2024 employer contribution ran above the $3,635 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.

Administrative cost history3
2024$97,248 · 0.17%
2023$187,720 · 0.37%
2022$181,455 · 0.36%
All plans at this employer2
MCGOHAN BRABENDER 401(K) PROFIT SHARING PLAN401(k)
MCGOHAN BRABENDER AGENCY INC. EMPLOYEE STOCK OWNERSHIP PLANESOP
Same employer
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Source: U.S. Department of Labor, Form 5500 series, EIN 311191330 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.