Plan Ledger DOL Form 5500 · updated monthly

South Community Inc.401(k)

SOUTH COMMUNITY INC. 401(K) RETIREMENT PLAN · MORAINE, OH · plan year 2024

Reported admin expense ratio · 2024
0.52%

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

South Community Inc. reported $99,331 in plan administrative expenses for 2024: 0.52% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,126 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 0.80% to 0.52%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 1,315th-largest of 3,295 plans among Ohio employers on file, and the 3,673rd of 11,911 in health care & social assistance. In 2024, employees put in $4.10 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$20,215,357
Participants with balances389
Active participants249
Employer contributions$280,250
Employee contributions$1,150,069
Employer contribution per active participant$1,126
Average account balance$51,967
Benefits paid to participants$1,640,931
Plan auditUnmodified (clean) audit opinion
AuditorCLARK SCHAEFFER HACKETT
Plan history3
Yearassets · accounts · employer contribution
2024$20.2M · 389 accts · $280K emplr
2023$18.4M · 412 accts · $349K emplr
2022$16.1M · 403 accts · $376K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$52,406
Investment management$46,925
Total administrative$99,331
The South Community Inc. 401(k) match · 2024
Employer contribution per active participant$1,126
Median for plans this size$2,416
2024$1,126 per active participant
2023$1,317 per active participant
2022$1,408 per active participant

South Community 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 · 20243
STANCORP FINANCIAL GROUP · Claims processing · Recordkeeping$52,382
HORAN WEALTH MANAGEMENT · Investment advisory (plan)$46,925
CHARLES SCHWAB TRUST BANK · Custodial (securities)indirect 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
2024The Standard
2023The Standard

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

Administrative cost history3
2024$99,331 · 0.52%
2023$113,828 · 0.66%
2022$120,495 · 0.80%
Same employer
Similar plansHealth Care & Social Assistance · Ohio
Madison Health OH$21.6M · 0.56%
Harbor, Inc. OH$21.3M · 0.40%
Vancrest Management Corp. OH$20.6M · 0.57%
The Buckeye Ranch OH$19.6M · 0.40%
Pediatric Associates, Inc. OH$19.0M · 0.15%
Southeast, Inc. OH$18.9M · 0.52%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 310840585 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.