Plan Ledger DOL Form 5500 · updated monthly

Salo Inc.401(k)

SALO INCORPORATED 401(K) PLAN · WORTHINGTON, OH · plan year 2024

Reported admin expense ratio · 2024
0.31%

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

Salo Inc. reported $84,062 in plan administrative expenses for 2024: 0.31% of average plan assets, above the peer median. Employer contributions averaged $982 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 0.27% to 0.31%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other management of companies employers. By assets it is the 1,039th-largest of 3,295 plans among Ohio employers on file, and the 382nd of 786 in management of companies. In 2024, employees put in $2.91 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$27,456,299
Participants with balances961
Active participants612
Employer contributions$600,997
Employee contributions$1,749,835
Employer contribution per active participant$982
Average account balance$28,571
Benefits paid to participants$5,016,299
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$27.5M · 961 accts · $601K emplr
2023$26.0M · 887 accts · $562K emplr
2022$22.2M · 826 accts · $491K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$10,760
Investment management$73,302
Total administrative$84,062
The Salo Inc. 401(k) match · 2024
Employer contribution per active participant$982
Median for plans this size$2,416
2024$982 per active participant
2023$880 per active participant
2022$758 per active participant

Salo Inc.'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 · 20242
JOHN HANCOCK LIFE INSURANCE COMPANY · Recordkeeping · Investment management$800
SWISHER FINANCIAL CONCEPTS · Investment advisory (participants)$47,968

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024$84,062 · 0.31%
2023$69,619 · 0.29%
2022$66,777 · 0.27%
Same employer
Similar plansManagement of Companies · Ohio
The Cypress Companies, Inc. OH$52.3M · 0.31%
Jmac, Inc. OH$45.5M · 0.28%
Guyan International, Inc. OH$20.1M · 0.58%
Dix 1898, Inc. OH$17.2M · 0.41%
Alliance Industries, Inc. OH$16.3M · 0.31%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 311692726 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.