Plan Ledger DOL Form 5500 · updated monthly

Sandusky Newspapers Inc401(k)

SANDUSKY NEWSPAPERS GROUP 401K RETIREMENT PLAN AND TRUST · CHAGRIN FALLS, OH · plan year 2023

Reported admin expense ratio · 2023
0.35%

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

Sandusky Newspapers Inc reported $36,538 in plan administrative expenses for 2023: 0.35% of average plan assets, above the peer median. Employer contributions averaged $582 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 0.34% to 0.45%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other information & media employers. By assets it is among the smaller plans on file in Ohio (1,944th of 3,295), and 1,475th of 2,199 in information & media. In 2023, employees put in $3.93 for every $1.00 the employer contributed; active participation has shrunk from 112 to 89 since 2022.

Plan summary
Net assets, end of year$10,611,155
Participants with balances154
Active participants89
Employer contributions$51,762
Employee contributions$203,167
Employer contribution per active participant$582
Average account balance$68,904
Benefits paid to participants$2,009,657
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$8.6M · 134 accts · $43K emplr
2023$10.6M · 154 accts · $52K emplr
2022$10.6M · 171 accts · $74K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$14,072
Investment management$22,466
Total administrative$36,538
The Sandusky Newspapers Inc 401(k) match · 2023
Employer contribution per active participant$582
Median for plans this size$2,440
2024$654 per active participant
2023$582 per active participant
2022$661 per active participant

Sandusky Newspapers Inc's 2023 employer contribution ran below the $2,440 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
TRANSAMERICA RETIREMENT SOLUTIONS · Claims processing · Recordkeeping$14,072
USI ADVISORS, INC. · Consulting$22,466
NATIONAL FINANCIAL SERVICES · Securities brokerageindirect comp

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

Recordkeeper by year2
2024Transamerica
2023Transamerica

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

Administrative cost history3
2024$42,884 · 0.45%
2023$36,538 · 0.35%
2022$41,648 · 0.34%
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Onshift, Inc. OH$10.0M · 0.04%
Iqventures Holdings, LLC OH$6.0M · 1.79%

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Source: U.S. Department of Labor, Form 5500 series, EIN 344346500 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.