Plan Ledger DOL Form 5500 · updated monthly

Red Oak Behavioral Health401(k)

RED OAK BEHAVIORAL HEALTH 401(K) PLAN · AKRON, OH · plan year 2024

Reported admin expense ratio · 2024
1.08%

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

Red Oak Behavioral Health reported $33,774 in plan administrative expenses for 2024: 1.08% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,295 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 0.13% to 1.08%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in Ohio (2,800th of 3,295), and 2,595th of 3,341 in other services. In 2024, employees put in $1.69 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$3,353,044
Participants with balances145
Active participants160
Employer contributions$207,169
Employee contributions$350,034
Employer contribution per active participant$1,295
Average account balance$23,124
Benefits paid to participants$460,634
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$3.4M · 145 accts · $207K emplr
2023$2.9M · 139 accts · $196K emplr
2022$2.2M · 166 accts · $136K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$33,774
Total administrative$33,774
The Red Oak Behavioral Health 401(k) match · 2024
Employer contribution per active participant$1,295
Median for plans this size$1,313
2024$1,295 per active participant
2023$1,241 per active participant
2022$837 per active participant

Red Oak Behavioral Health's 2024 employer contribution ran below the $1,313 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
AMERIPRISE FINANCIAL SERVICES LLCindirect 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$33,774 · 1.08%
2023$19,315 · 0.75%
2022$3,180 · 0.13%
Same employer
Similar plansOther Services · Ohio
Goodwill Columbus OH$3.2M · 1.35%

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Source: U.S. Department of Labor, Form 5500 series, EIN 341282145 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.