Plan Ledger DOL Form 5500 · updated monthly

Otterbein Homes401(k)

OTTERBEIN HOMES 401(K) PLAN · LEBANON, OH · plan year 2024

Reported admin expense ratio · 2024
0.53%

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

Otterbein Homes reported $135,363 in plan administrative expenses for 2024: 0.53% of average plan assets, higher than ~75% of peers. Employer contributions averaged $558 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 0.68% to 0.53%. 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 the 1,008th-largest of 3,295 plans among Ohio employers on file, and the 2,863rd of 11,911 in health care & social assistance. In 2024, employees put in $1.94 for every $1.00 the employer contributed; active participation has grown from 1,371 to 2,076 since 2022.

Plan summary
Net assets, end of year$28,875,923
Participants with balances838
Active participants2,076
Employer contributions$1,157,801
Employee contributions$2,251,176
Employer contribution per active participant$558
Average account balance$34,458
Benefits paid to participants$3,165,323
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$28.9M · 838 accts · $1.2M emplr
2023$22.4M · 793 accts · $780K emplr
2022$19.1M · 778 accts · $731K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$34,787
Investment management$100,576
Total administrative$135,363
The Otterbein Homes 401(k) match · 2024
Employer contribution per active participant$558
Median for plans this size$2,416
2024$558 per active participant
2023$528 per active participant
2022$533 per active participant

Otterbein Homes's 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom quarter of its peers. 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
EMPOWER ADVISORY GROUP, LLC · Investment management$73,011
FIFTH THIRD BANK · Investment advisory (plan)$27,565

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$135,363 · 0.53%
2023$111,818 · 0.54%
2022$139,830 · 0.68%
Same employer
Similar plansHealth Care & Social Assistance · Ohio

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Source: U.S. Department of Labor, Form 5500 series, EIN 310549058 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.