Plan Ledger DOL Form 5500 · updated monthly

Third Federal Savings and Loan Association of Cleveland401(k) + ESOP (KSOP)

THIRD FEDERAL 401(K) SAVINGS PLAN · CLEVELAND, OH · plan year 2025

Reported admin expense ratio · 2025
0.11%

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

Third Federal Savings and Loan Association of Cleveland reported $236,109 in plan administrative expenses for 2025: 0.11% of average plan assets, below the peer median. Employer contributions averaged $4,583 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 3 years on file its reported administrative ratio rose from 0.10% to 0.11%. The plan sits in the $50M–$250M size bracket, benchmarked here against 605 comparable plans and shown alongside other finance & insurance employers. By assets it is the 196th-largest of 3,295 plans among Ohio employers on file, and the 541st of 4,798 in finance & insurance. In 2025, employees put in $1.26 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$225,691,133
Participants with balances1,076
Active participants964
Employer contributions$4,417,735
Employee contributions$5,551,177
Employer contribution per active participant$4,583
Average account balance$209,750
Benefits paid to participants$19,553,972
Plan auditUnmodified (clean) audit opinion
Plan history4
Yearassets · accounts · employer contribution
2025$225.7M · 1,076 accts · $4.4M emplr
2024$204.6M · 1,072 accts · $3.0M emplr
2023$194.0M · 1,110 accts · $4.5M emplr
2022$164.9M · 1,074 accts · $4.2M emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$236,109
Total administrative$236,109
The Third Federal Savings and Loan Association of Cleveland 401(k) match · 2025
Employer contribution per active participant$4,583
Median for plans this size$4,093
2025$4,583 per active participant
2024$3,240 per active participant
2023$4,607 per active participant
2022$4,111 per active participant

Third Federal Savings and Loan Association of Cleveland's 2025 employer contribution ran above the $4,093 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 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20254
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$236,109
CBIZ INVESTMENT ADVISORY SERVICES, · Investment management$76,006
MEADEN & MOORE · Accounting / audit$22,700
THOMPSON HINE · Legalindirect comp

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

Administrative cost history4
2025$236,109 · 0.11%
2024$223,052 · 0.11%
2023$198,454 · 0.11%
2022$189,961 · 0.10%
All plans at this employer2
THIRD FEDERAL 401(K) SAVINGS PLAN401(k) + ESOP (KSOP)
THIRD FEDERAL SAVINGS ASSOCIATE STOCK OWNERSHIP PLANESOP
Same employer
Similar plansFinance & Insurance · Ohio
Crosscountry Mortgage, LLC OH$340.3M · 0.40%
James B. Oswald Company OH$212.0M · 0.06%
First Financial Bancorp OH$209.1M · 0.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 340573493 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.