Plan Ledger DOL Form 5500 · updated monthly

Ravenwood Mental Health Center401(k)

RAVENWOOD MENTAL HEALTH CENTER 401(K) PROFIT SHARING PLAN & TRU · CHARDON, OH · plan year 2024

Reported admin expense ratio · 2024
0.82%

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

Ravenwood Mental Health Center reported $39,386 in plan administrative expenses for 2024: 0.82% of average plan assets, above the peer median. Employer contributions averaged $535 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 3 years on file its reported administrative ratio has held roughly steady near 0.82%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Ohio (2,519th of 3,295), and 7,823rd of 11,911 in health care & social assistance. In 2024, employees put in $3.20 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$5,157,153
Participants with balances122
Active participants199
Employer contributions$106,521
Employee contributions$341,388
Employer contribution per active participant$535
Average account balance$42,272
Benefits paid to participants$199,954
Plan auditUnmodified (clean) audit opinion
AuditorNMS INC.
Plan history3
Yearassets · accounts · employer contribution
2024$5.2M · 122 accts · $107K emplr
2023$4.5M · 136 accts · $112K emplr
2022$3.8M · 173 accts · $112K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$15,258
Investment management$24,128
Total administrative$39,386
The Ravenwood Mental Health Center 401(k) match · 2024
Employer contribution per active participant$535
Median for plans this size$1,313
2024$535 per active participant
2023$543 per active participant
2022$560 per active participant

Ravenwood Mental Health Center's 2024 employer contribution ran below the $1,313 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 · 20242
LPL FINANCIAL CORPORATION RPCP · Recordkeeping · Trustee$24,128
ADP, INC. · Loan processing · Recordkeeping$15,258

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

Recordkeeper by year2
2024ADP, LPL Financial
2023ADP, LPL Financial

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

Administrative cost history3
2024$39,386 · 0.82%
2023$37,152 · 0.90%
2022$33,769 · 0.85%
Similar plansHealth Care & Social Assistance · Ohio
Compdrug, Inc. OH$5.2M · 0.02%
Psi Associates, Inc. OH$5.2M · 0.89%
Central Clinic, Inc. OH$5.1M · 0.10%
Valley Hospice, Inc. OH$5.0M · 0.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 346573631 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.