Plan Ledger DOL Form 5500 · updated monthly

National Inventors Hall of Fame, Inc.401(k)

NATIONAL INVENTORS HALL OF FAME, INC. 401(K) PLAN · NORTH CANTON, OH · plan year 2024

Reported admin expense ratio · 2024
0.05%

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

National Inventors Hall of Fame, Inc. reported $4,971 in plan administrative expenses for 2024: 0.05% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,516 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 0.04% to 0.05%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other arts, entertainment & recreation employers. By assets it is among the smaller plans on file in Ohio (1,845th of 3,295), and the 619th of 1,311 in arts, entertainment & recreation. In 2024, employees put in $2.11 for every $1.00 the employer contributed; active participation has grown from 203 to 224 since 2022.

Plan summary
Net assets, end of year$11,659,019
Participants with balances199
Active participants224
Employer contributions$339,682
Employee contributions$718,012
Employer contribution per active participant$1,516
Average account balance$58,588
Benefits paid to participants$516,631
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$11.7M · 199 accts · $340K emplr
2023$9.7M · 186 accts · $302K emplr
2022$8.3M · 181 accts · $258K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$2,075
Investment management$2,846
Total administrative$4,971
The National Inventors Hall of Fame, Inc. 401(k) match · 2024
Employer contribution per active participant$1,516
Median for plans this size$2,416
2024$1,516 per active participant
2023$1,294 per active participant
2022$1,272 per active participant

National Inventors Hall of Fame, Inc.'s 2024 employer contribution ran below the $2,416 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 · 20242
VOYA RETIREMENT INSURANCE AND ANNUI · Investment advisory (participants)$3,259
CBIZ BENEFITS & INSURANCE · Other servicesindirect 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$4,971 · 0.05%
2023$5,183 · 0.06%
2022$3,643 · 0.04%
Same employer
Similar plansArts, Entertainment & Recreation · Ohio
Holden Arboretum OH$9.5M · 0.00%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 341580038 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.