Plan Ledger DOL Form 5500 · updated monthly

Truwest Company, LLC401(k)

TRUWEST COMPANY, LLC RETIREMENT SAVINGS PLAN · WESTLAKE, OH · plan year 2024

Reported admin expense ratio · 2024
0.26%

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

Truwest Company, LLC reported $52,999 in plan administrative expenses for 2024: 0.26% of average plan assets, below the peer median. Employer contributions averaged $2,133 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 0.32% to 0.26%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other other services employers. By assets it is the 1,256th-largest of 3,295 plans among Ohio employers on file, and the 999th of 3,341 in other services. In 2024, employees put in $3.04 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$21,505,701
Participants with balances315
Active participants261
Employer contributions$556,760
Employee contributions$1,693,753
Employer contribution per active participant$2,133
Average account balance$68,272
Benefits paid to participants$2,601,539
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$21.5M · 315 accts · $557K emplr
2023$18.7M · 299 accts · $528K emplr
2022$14.1M · 296 accts · $450K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$18,567
Investment management$34,432
Total administrative$52,999
The Truwest Company, LLC 401(k) match · 2024
Employer contribution per active participant$2,133
Median for plans this size$2,416
2024$2,133 per active participant
2023$2,154 per active participant
2022$1,858 per active participant

Truwest Company, 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 · 202412
CEDAR BROOK FINANCIAL PARTNERS · Investment advisory (plan)$22,701
JPMORGAN INVEST HOLDINGS LLC$18,423
SIGNATURE ESTATE & INVESTMENT · Investment advisory (plan)$11,731
CHARLES SCHWAB & CO., INC · Investment advisory (participants)$144
BOFA SECURITIES, INC.$11
GOLDMAN, SACHS & CO.$8
J.P. MORGAN SECURITIES IN$4
MORGAN STANLEY & CO, INC$4
CITADEL SECURITIES INSTITUTIONAL LL$3
PERSHING,LLC$3
BARCLAYS CAPITAL LE$2
JEFFERIES LLC$2

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$52,999 · 0.26%
2023$46,344 · 0.28%
2022$47,947 · 0.32%
Same employer
Similar plansOther Services · Ohio
The Cleveland Foundation OH$24.0M · 0.48%
Zepf Center OH$22.8M · 0.62%
Step Forward OH$21.9M · 0.11%
Crane 1 Services, Inc. OH$19.0M · 0.75%

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Source: U.S. Department of Labor, Form 5500 series, EIN 300719069 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.