Plan Ledger DOL Form 5500 · updated monthly

Mid-Ohio Foodbank401(k)

MID-OHIO FOODBANK SUPPLEMENTAL RETIREMENT PLAN · GROVE CITY, OH · plan year 2024

Reported admin expense ratio · 2024
0.56%

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

Mid-Ohio Foodbank reported $79,058 in plan administrative expenses for 2024: 0.56% of average plan assets, higher than ~75% of peers. Employer contributions averaged $4,938 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 3 years on file its reported administrative ratio has held roughly steady near 0.56%. 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 1,606th-largest of 3,295 plans among Ohio employers on file, and the 4,511th of 11,911 in health care & social assistance. In 2024, the employer put in $1.21 for every $1.00 employees contributed themselves; active participation has grown from 161 to 203 since 2022.

Plan summary
Net assets, end of year$14,909,158
Participants with balances260
Active participants203
Employer contributions$1,002,462
Employee contributions$829,113
Employer contribution per active participant$4,938
Average account balance$57,343
Benefits paid to participants$1,811,323
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$14.9M · 260 accts · $1.0M emplr
2023$13.4M · 234 accts · $916K emplr
2022$11.1M · 234 accts · $827K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$18,007
Investment management$54,539
Trustee / custodial$6,512
Total administrative$79,058
The Mid-Ohio Foodbank 401(k) match · 2024
Employer contribution per active participant$4,938
Median for plans this size$2,416
2024$4,938 per active participant
2023$5,549 per active participant
2022$5,135 per active participant

Mid-Ohio Foodbank's 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top 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 · 20242
SCHNEIDER DOWNS RET. SOLUTIONS · Recordkeeping$23,558
SCHNEIDER DOWNS WEALTH MGMT ADV. · Investment advisory (participants) · Investment advisory (plan)$54,539

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

Recordkeeper by year2
2024SCHNEIDER DOWNS RET. SOLUTIONS
2023SCHNEIDER DOWNS RET. SOLUTIONS

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

Administrative cost history3
2024$79,058 · 0.56%
2023$62,904 · 0.51%
2022$56,255 · 0.55%
Same employer
Similar plansHealth Care & Social Assistance · Ohio
Area Agency on Aging, PSA2 OH$16.0M · 0.72%
Pomerene Hospital OH$14.4M · 0.75%

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Source: U.S. Department of Labor, Form 5500 series, EIN 310865343 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.