Plan Ledger DOL Form 5500 · updated monthly

The Legal Aid Society of Cleveland403(b)

THE LEGAL AID SOCIETY OF CLEVELAND RETIREMENT SAVINGS PLAN · CLEVELAND, OH · plan year 2024

Reported admin expense ratio · 2024
0.24%

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

The Legal Aid Society of Cleveland reported $58,622 in plan administrative expenses for 2024: 0.24% of average plan assets, below the peer median. Employer contributions averaged $8,604 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 0.21% to 0.24%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 1,096th-largest of 3,295 plans among Ohio employers on file, and the 4,661st of 11,654 in professional & technical services. In 2024, the employer put in $1.29 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$25,693,037
Participants with balances196
Active participants149
Employer contributions$1,282,050
Employee contributions$994,647
Employer contribution per active participant$8,604
Average account balance$131,087
Benefits paid to participants$2,224,899
Plan auditUnmodified (clean) audit opinion
AuditorBARNES WENDLING CPAS, INC.
Plan history3
Yearassets · accounts · employer contribution
2024$25.7M · 196 accts · $1.3M emplr
2023$23.2M · 192 accts · $1.1M emplr
2022$19.7M · 192 accts · $971K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$58,622
Total administrative$58,622
Employer contributions to the The Legal Aid Society of Cleveland plan · 2024
Employer contribution per active participant$8,604
Median for plans this size$2,416
2024$8,604 per active participant
2023$7,813 per active participant
2022$6,517 per active participant

The Legal Aid Society of Cleveland's 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top 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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$58,597
GLOBAL RETIREMENT PARTNERS LLC · Investment advisory (plan)indirect 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$58,622 · 0.24%
2023$48,805 · 0.23%
2022$44,249 · 0.21%
Same employer
Similar plansProfessional & Technical Services · Ohio
Infoverity Holding Co. OH$26.1M · 0.00%
Empower Media Partners, LLC OH$25.9M · 0.24%
Keyfactor, Inc. OH$25.7M · 0.06%
Nations Lending Corporation OH$25.7M · 0.78%
United Audit Systems Inc. OH$25.6M · 0.47%
The Shipyard, LLC OH$25.3M · 0.31%
Olive Ai, Inc. OH$25.3M · 0.80%

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Source: U.S. Department of Labor, Form 5500 series, EIN 340866026 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.