Plan Ledger DOL Form 5500 · updated monthly

Murtis Taylor Human Services System403(b)

403(B) THRIFT PLAN FOR MURTIS TAYLOR HUMAN SERVICES SYSTEM · CLEVELAND, OH · plan year 2024

Reported admin expense ratio · 2024
0.69%

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

Murtis Taylor Human Services System reported $50,794 in plan administrative expenses for 2024: 0.69% of average plan assets, above the peer median. Employer contributions averaged $746 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 0.66% to 0.69%. 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 (2,241st of 3,295), and 6,656th of 11,911 in health care & social assistance. In 2024, employees put in $2.54 for every $1.00 the employer contributed; active participation has shrunk from 193 to 173 since 2022.

Plan summary
Net assets, end of year$7,504,079
Participants with balances183
Active participants173
Employer contributions$129,001
Employee contributions$328,291
Employer contribution per active participant$746
Average account balance$41,006
Benefits paid to participants$1,005,735
Plan auditDisclaimer of opinion
Plan history3
Yearassets · accounts · employer contribution
2024$7.5M · 183 accts · $129K emplr
2023$7.2M · 215 accts · $209K emplr
2022$6.5M · 229 accts · $220K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$50,794
Total administrative$50,794
The Murtis Taylor Human Services System 401(k) match · 2024
Employer contribution per active participant$746
Median for plans this size$1,313
2024$746 per active participant
2023$1,046 per active participant
2022$1,141 per active participant

Murtis Taylor Human Services System'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 · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$50,322
CBIZ BENEFITS & INSURANCE SERVICES · Contract administrator · Other services$375
GLOBAL RETIREMENT PARTNERS LLC · Investment advisory (plan)indirect 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$50,794 · 0.69%
2023$46,413 · 0.68%
2022$48,193 · 0.66%
Same employer
Similar plansHealth Care & Social Assistance · Ohio

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Source: U.S. Department of Labor, Form 5500 series, EIN 237158458 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.