Plan Ledger DOL Form 5500 · updated monthly

Northern Ohio Medical Specialists, LLC401(k)

NOMS 401(K) PROFIT SHARING PLAN · SANDUSKY, OH · plan year 2024

Reported admin expense ratio · 2024
0.15%

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

Northern Ohio Medical Specialists, LLC reported $162,132 in plan administrative expenses for 2024: 0.15% of average plan assets, above the peer median. Employer contributions averaged $3,440 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 fell from 0.24% to 0.15%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 326th-largest of 3,295 plans among Ohio employers on file, and the 962nd of 11,911 in health care & social assistance. In 2024, employees put in $1.11 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$117,239,189
Participants with balances1,797
Active participants1,257
Employer contributions$4,324,289
Employee contributions$4,802,306
Employer contribution per active participant$3,440
Average account balance$65,242
Benefits paid to participants$7,459,880
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$117.2M · 1,797 accts · $4.3M emplr
2023$99.8M · 1,446 accts · $3.8M emplr
2022$82.7M · 1,554 accts · $4.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$74,562
Investment management$60,449
Trustee / custodial$27,121
Total administrative$162,132
The Northern Ohio Medical Specialists, LLC 401(k) match · 2024
Employer contribution per active participant$3,440
Median for plans this size$3,635
2024$3,440 per active participant
2023$3,218 per active participant
2022$3,661 per active participant

Northern Ohio Medical Specialists, LLC's 2024 employer contribution ran below the $3,635 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
NEWPORT GROUP, INC. · Claims processing · Recordkeeping$129,788
VENTURE VISIONARY PARTNERS · Investment advisory (plan) · Investment management$60,449
NEWPORT TRUST COMPANY · Trustee$27,121

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

Recordkeeper by year2
2024Newport (Ascensus)
2023Newport (Ascensus)

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

Administrative cost history3
2024$162,132 · 0.15%
2023$211,970 · 0.23%
2022$214,534 · 0.24%
Same employer
Similar plansHealth Care & Social Assistance · Ohio
Cei Vision Partners, LLC OH$134.5M · 0.02%
Akron General Medical Center OH$126.8M · 0.06%
Lima Memorial Health System OH$126.4M · 0.10%
Carestar, Inc. OH$115.8M · 0.09%
Marietta Memorial Hospital OH$111.1M · 0.28%

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Source: U.S. Department of Labor, Form 5500 series, EIN 341933718 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.