Plan Ledger DOL Form 5500 · updated monthly

True North Management, LLC401(k)

TRUENORTH 401(K) PLAN · BRECKSVILLE, OH · plan year 2024

Reported admin expense ratio · 2024
0.40%

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

True North Management, LLC reported $119,237 in plan administrative expenses for 2024: 0.40% of average plan assets, above the peer median. Employer contributions averaged $1,888 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 0.33% to 0.40%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is the 969th-largest of 3,295 plans among Ohio employers on file, and the 1,022nd of 5,215 in retail trade. In 2024, the employer put in $1.12 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$30,140,569
Participants with balances493
Active participants928
Employer contributions$1,752,028
Employee contributions$1,567,185
Employer contribution per active participant$1,888
Average account balance$61,137
Benefits paid to participants$4,896,828
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$30.1M · 493 accts · $1.8M emplr
2023$29.1M · 454 accts · $1.6M emplr
2022$25.3M · 429 accts · $1.5M emplr
The True North Management, LLC 401(k) match · 2024
Employer contribution per active participant$1,888
Median for plans this size$2,416
2024$1,888 per active participant
2023$4,862 per active participant
2022$1,552 per active participant

True North Management, LLC's 2024 employer contribution ran below 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 · 20245
EMPOWER ADVISORY GROUP, LLC · Investment management$48,274
FIFTH THIRD BANK · Investment advisory (plan)$14,740
BOBER MARKEY FEDOROVICH & COMPANY · Accounting / audit$12,500

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$119,237 · 0.40%
2023$104,404 · 0.38%
2022$88,774 · 0.33%
Same employer
Similar plansRetail Trade · Ohio
Brunswick Auto Mart, Inc. OH$32.8M · 0.08%
Tire Discounters, Inc. OH$32.6M · 0.90%
R & R, Inc. OH$31.4M · 0.47%
Leppo, Inc. OH$30.2M · 0.27%
McPc Holdings, Inc. OH$29.9M · 0.43%
Campbell Oil Company, Inc. OH$26.2M · 0.32%
Vandevere, Inc. OH$24.9M · 0.25%

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Source: U.S. Department of Labor, Form 5500 series, EIN 341900634 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.