Plan Ledger DOL Form 5500 · updated monthly

Psi Associates, Inc.401(k)

PSI ASSOCIATES, INC. 401(K) EMPLOYEES' RETIREMENT PLAN AND TRUST · TWINSBURG, OH · plan year 2022

Reported admin expense ratio · 2022
0.89%

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

Psi Associates, Inc. reported $43,375 in plan administrative expenses for 2022: 0.89% of average plan assets, higher than ~75% of peers. Employer contributions averaged $0 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 0.89% to 0.20%. The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Ohio (2,513th of 3,295), and 7,797th of 11,911 in health care & social assistance.

Plan summary
Net assets, end of year$5,192,916
Participants with balances178
Active participants1,273
Employer contributions$0
Employee contributions$481,638
Employer contribution per active participant$0
Average account balance$29,174
Benefits paid to participants$438,526
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$4K
2023$1.8M · 119 accts
2022$5.2M · 178 accts
The Psi Associates, Inc. 401(k) match · 2022
Employer contribution per active participant$0
Median for plans this size$1,114

Psi Associates, Inc.'s 2022 employer contribution ran below the $1,114 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history3
2024$1,772 · 0.20%
2023$26,077 · 0.75%
2022$43,375 · 0.89%
Similar plansHealth Care & Social Assistance · Ohio
Sjo Kids, Inc. OH$5.3M · 0.79%
Compdrug, Inc. OH$5.2M · 0.02%
Central Clinic, Inc. OH$5.1M · 0.10%

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Source: U.S. Department of Labor, Form 5500 series, EIN 341228404 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.