Plan Ledger DOL Form 5500 · updated monthly

Northwest Ohio Orthopedics and Sports Medicine, Inc.401(k)

NORTHWEST OHIO ORTHOPEDICS & SPORTS MEDICINE 401(K) PROFIT SHARING PLAN · FINDLAY, OH · plan year 2023

Reported admin expense ratio · 2023
0.04%

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

Northwest Ohio Orthopedics and Sports Medicine, Inc. reported $7,062 in plan administrative expenses for 2023: 0.04% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,662 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 0.06%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 1,381st-largest of 3,295 plans among Ohio employers on file, and the 3,843rd of 11,911 in health care & social assistance. In 2023, employees put in $2.07 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$18,891,158
Participants with balances205
Active participants151
Employer contributions$402,017
Employee contributions$831,768
Employer contribution per active participant$2,662
Average account balance$92,152
Benefits paid to participants$1,227,348
Plan auditUnmodified (clean) audit opinion
AuditorDEMARCO & ASSOCIATES, CPAS, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$18.7M · 180 accts · $369K emplr
2023$18.9M · 205 accts · $402K emplr
2022$16.3M · 186 accts · $378K emplr
Administrative expenses, itemized · 2023
Investment management$7,062
Total administrative$7,062
The Northwest Ohio Orthopedics and Sports Medicine, Inc. 401(k) match · 2023
Employer contribution per active participant$2,662
Median for plans this size$2,440
2024$2,476 per active participant
2023$2,662 per active participant
2022$2,625 per active participant

Northwest Ohio Orthopedics and Sports Medicine, 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 · 20232
PENSION INNOVATIONS CONSULTING, LLC · Contract administrator$3,150

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$11,212 · 0.06%
2023$7,062 · 0.04%
2022$7,006 · 0.04%
Same employer
Similar plansHealth Care & Social Assistance · Ohio
South Community Inc. OH$20.2M · 0.52%
The Buckeye Ranch OH$19.6M · 0.40%
Pediatric Associates, Inc. OH$19.0M · 0.15%
Southeast, Inc. OH$18.9M · 0.52%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 341963354 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.