Plan Ledger DOL Form 5500 · updated monthly

NEWS-2-YOU, Inc.401(k)

NEWS-2-YOU, INC. 401(K) PLAN · HURON, OH · plan year 2023

Reported admin expense ratio · 2023
0.30%

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

NEWS-2-YOU, Inc. reported $32,123 in plan administrative expenses for 2023: 0.30% of average plan assets, above the peer median. Employer contributions averaged $4,100 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 1 year on file its reported administrative ratio rose from 0.09% to 0.30%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other information & media employers. By assets it is among the smaller plans on file in Ohio (1,818th of 3,295), and 1,376th of 2,199 in information & media. In 2023, employees put in $1.40 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$12,063,793
Participants with balances305
Active participants230
Employer contributions$942,901
Employee contributions$1,321,356
Employer contribution per active participant$4,100
Average account balance$39,553
Benefits paid to participants$1,300,440
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2023$12.1M · 305 accts · $943K emplr
2022$9.4M · 294 accts · $793K emplr
Administrative expenses, itemized · 2023
Investment management$32,123
Total administrative$32,123
The NEWS-2-YOU, Inc. 401(k) match · 2023
Employer contribution per active participant$4,100
Median for plans this size$2,440
2023$4,100 per active participant
2022$3,419 per active participant

NEWS-2-YOU, Inc.'s 2023 employer contribution ran above the $2,440 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 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)$22,224
DEFINITI LLC · Contract administrator$9,899

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

Administrative cost history2
2023$32,123 · 0.30%
2022$8,757 · 0.09%
Similar plansInformation & Media · Ohio
Everway, LLC OH$13.7M · 0.67%
3GTMS, LLC OH$13.0M · 0.26%
Teamdynamix Solutions LLC OH$12.9M · 0.33%
Dolbey & Company, Inc. OH$11.3M · 0.49%
Sandusky Newspapers Inc OH$10.6M · 0.35%
Onshift, Inc. OH$10.0M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 341966759 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.