Plan Ledger DOL Form 5500 · updated monthly

Path Forward Consulting401(k)

PATH FORWARD CONSULTING 401(K) PLAN · CINCINNATI, OH · plan year 2023

Reported admin expense ratio · 2023
1.24%

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

Path Forward Consulting reported $96,240 in plan administrative expenses for 2023: 1.24% of average plan assets, higher than ~90% of peers. Employer contributions averaged $475 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 1.32% to 1.01%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Ohio (2,110th of 3,295), and 8,381st of 11,654 in professional & technical services. In 2023, employees put in $6.32 for every $1.00 the employer contributed; active participation has shrunk from 525 to 461 since 2022.

Plan summary
Net assets, end of year$8,803,300
Participants with balances513
Active participants461
Employer contributions$219,106
Employee contributions$1,385,315
Employer contribution per active participant$475
Average account balance$17,160
Benefits paid to participants$1,832,834
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$2.4M · 63 accts · $51K emplr
2023$8.8M · 513 accts · $219K emplr
2022$6.8M · 577 accts · $219K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$96,240
Total administrative$96,240
The Path Forward Consulting 401(k) match · 2023
Employer contribution per active participant$475
Median for plans this size$1,308
2024$2,996 per active participant
2023$475 per active participant
2022$417 per active participant

Path Forward Consulting's 2023 employer contribution ran below the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$96,253
S B H U LIFE AGENCY INC · Other servicesindirect comp
WILSHIRE ADVISORS LLC · Investment advisory (plan)indirect comp

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$56,654 · 1.01%
2023$96,240 · 1.24%
2022$72,860 · 1.32%
Same employer
Similar plansProfessional & Technical Services · Ohio
Enervise, Inc. OH$8.9M · 0.06%
Onix Networking Corp. OH$8.9M · 0.90%
Agh Ultimate LLC OH$8.7M · 0.38%
Tsy Enterprises Inc OH$8.7M · 0.90%
Paymax Services, Inc. OH$8.6M · 0.30%

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Source: U.S. Department of Labor, Form 5500 series, EIN 200378455 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.