Plan Ledger DOL Form 5500 · updated monthly

The Goodwill Industries of Akron, Ohio, Inc.403(b)

403B THRIFT PLAN FOR THE GOODWILL INDUSTRIES OF AKRON, OHIO, INC. · AKRON, OH · plan year 2024

Reported admin expense ratio · 2024
0.81%

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

The Goodwill Industries of Akron, Ohio, Inc. reported $43,609 in plan administrative expenses for 2024: 0.81% of average plan assets, above the peer median. Employer contributions averaged $424 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 0.91% to 0.81%. 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 (2,463rd of 3,295), and 2,212th of 3,341 in other services. In 2024, employees put in $1.56 for every $1.00 the employer contributed; active participation has shrunk from 599 to 427 since 2022.

Plan summary
Net assets, end of year$5,604,041
Participants with balances255
Active participants427
Employer contributions$181,026
Employee contributions$283,188
Employer contribution per active participant$424
Average account balance$21,977
Benefits paid to participants$623,055
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$5.6M · 255 accts · $181K emplr
2023$5.1M · 344 accts · $181K emplr
2022$4.3M · 447 accts · $170K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$42,804
Total administrative$43,609
Employer contributions to the The Goodwill Industries of Akron, Ohio, Inc. plan · 2024
Employer contribution per active participant$424
Median for plans this size$1,313
2024$424 per active participant
2023$427 per active participant
2022$283 per active participant

The Goodwill Industries of Akron, Ohio, Inc.'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 · 20241
VALMARK ADVISORSindirect 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$43,609 · 0.81%
2023$38,280 · 0.81%
2022$45,612 · 0.91%
Same employer
Similar plansOther Services · Ohio
Iron Pony Motorsports Inc OH$5.4M · 0.82%
Stepowoy Enterprises, LLC OH$5.4M · 0.88%
Bridgeway Academy OH$5.2M · 0.69%
Cip International Inc OH$5.1M · 0.42%

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Source: U.S. Department of Labor, Form 5500 series, EIN 340252230 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.