Plan Ledger DOL Form 5500 · updated monthly

The North Side Bank & Trust Co.401(k)

NSB PROFIT SHARING 401(K) PLAN · CINCINNATI, OH · plan year 2024

Reported admin expense ratio · 2024
0.33%

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

The North Side Bank & Trust Co. reported $59,973 in plan administrative expenses for 2024: 0.33% of average plan assets, above the peer median. Employer contributions averaged $3,998 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 0.22% to 0.33%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is the 1,405th-largest of 3,295 plans among Ohio employers on file, and 3,204th of 4,798 in finance & insurance. In 2024, the employer put in $1.12 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$18,437,570
Participants with balances120
Active participants112
Employer contributions$447,761
Employee contributions$401,137
Employer contribution per active participant$3,998
Average account balance$153,646
Benefits paid to participants$2,512,711
Plan auditUnmodified (clean) audit opinion
AuditorBARNES, DENNIG & CO., LTD
Plan history3
Yearassets · accounts · employer contribution
2024$18.4M · 120 accts · $448K emplr
2023$17.9M · 118 accts · $450K emplr
2022$14.8M · 111 accts · $450K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$31,792
Investment management$27,431
Total administrative$59,973
The The North Side Bank & Trust Co. 401(k) match · 2024
Employer contribution per active participant$3,998
Median for plans this size$2,416
2024$3,998 per active participant
2023$4,128 per active participant
2022$4,245 per active participant

The North Side Bank & Trust Co.'s 2024 employer contribution ran above the $2,416 median for plans its size. 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
SOUDERS FINANCIAL ADVISORS LLC · Investment advisory (plan)$27,072

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$59,973 · 0.33%
2023$47,066 · 0.29%
2022$34,992 · 0.22%
Same employer
Similar plansFinance & Insurance · Ohio
Telhio Credit Union. Inc. OH$19.7M · 0.11%
Directions Credit Union OH$18.8M · 0.49%
Atomic Credit Union, Inc. OH$18.1M · 0.22%
Limestone Bancorp, Inc OH$17.4M · 0.50%

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Source: U.S. Department of Labor, Form 5500 series, EIN 310393100 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.