Plan Ledger DOL Form 5500 · updated monthly

North Central Mental Health Services, Inc.401(k)

NORTH CENTRAL MENTAL HEALTH SERVICES, INC. 401(K) RETIREMENT SAVINGS PLAN · COLUMBUS, OH · plan year 2024

Reported admin expense ratio · 2024
0.57%

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

North Central Mental Health Services, Inc. reported $69,365 in plan administrative expenses for 2024: 0.57% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,838 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 0.57%. 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 among the smaller plans on file in Ohio (1,780th of 3,295), and the 5,025th of 11,911 in health care & social assistance. In 2024, employees put in $2.04 for every $1.00 the employer contributed; active participation has grown from 88 to 130 since 2022.

Plan summary
Net assets, end of year$12,483,942
Participants with balances149
Active participants130
Employer contributions$238,937
Employee contributions$487,466
Employer contribution per active participant$1,838
Average account balance$83,785
Benefits paid to participants$1,568,591
Plan auditUnmodified (clean) audit opinion
AuditorPARMS & COMPANY
Plan history3
Yearassets · accounts · employer contribution
2024$12.5M · 149 accts · $239K emplr
2023$12.0M · 127 accts · $212K emplr
2022$11.3M · 143 accts · $262K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$27,257
Investment management$42,108
Total administrative$69,365
The North Central Mental Health Services, Inc. 401(k) match · 2024
Employer contribution per active participant$1,838
Median for plans this size$2,416
2024$1,838 per active participant
2023$2,719 per active participant
2022$2,973 per active participant

North Central Mental Health Services, 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
UNITED PLANNERS FINANCIAL SERVICES · Investment advisory (plan)$42,108
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$27,257

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$69,365 · 0.57%
2023$63,847 · 0.55%
2022$73,250 · 0.58%
Same employer
Similar plansHealth Care & Social Assistance · Ohio
Medf Physicians Corp. OH$13.0M · 0.09%
The Nord Center OH$13.0M · 0.88%
Beech Brook OH$12.9M · 0.34%
Netcare Corporation OH$12.2M · 0.00%
Transcon Builders, Inc. OH$12.2M · 0.71%

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Source: U.S. Department of Labor, Form 5500 series, EIN 310847283 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.