Plan Ledger DOL Form 5500 · updated monthly

Western Reserve Hospital, LLC401(k)

WESTERN RESERVE HOSPITAL, LLC 401(K) PROFIT SHARING PLAN · CUYAHOGA FALLS, OH · plan year 2024

Reported admin expense ratio · 2024
0.28%

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

Western Reserve Hospital, LLC reported $135,080 in plan administrative expenses for 2024: 0.28% of average plan assets, below the peer median. Employer contributions averaged $1,663 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 0.30% to 0.28%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 650th-largest of 3,295 plans among Ohio employers on file, and the 1,853rd of 11,911 in health care & social assistance. In 2024, employees put in $2.28 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$50,952,004
Participants with balances730
Active participants932
Employer contributions$1,550,352
Employee contributions$3,536,330
Employer contribution per active participant$1,663
Average account balance$69,797
Benefits paid to participants$6,417,907
Plan auditUnmodified (clean) audit opinion
AuditorDRAFFIN TUCKER
Plan history3
Yearassets · accounts · employer contribution
2024$51.0M · 730 accts · $1.6M emplr
2023$45.5M · 738 accts · $1.5M emplr
2022$37.0M · 758 accts · $1.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$62,247
Investment management$58,266
Trustee / custodial$14,567
Total administrative$135,080
The Western Reserve Hospital, LLC 401(k) match · 2024
Employer contribution per active participant$1,663
Median for plans this size$2,416
2024$1,663 per active participant
2023$1,637 per active participant
2022$1,539 per active participant

Western Reserve Hospital, 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 · 20243
NEWPORT GROUP, INC. · Contract administrator · Recordkeeping$62,247
ONEDIGITAL INVESTMENT ADVISORS · Investment advisory (participants) · Investment advisory (plan)$58,266
NEWPORT TRUST COMPANY · Trustee$14,567

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

Recordkeeper by year2
2024Newport (Ascensus)
2023Newport (Ascensus)

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$135,080 · 0.28%
2023$120,106 · 0.29%
2022$118,488 · 0.30%
Same employer
Similar plansHealth Care & Social Assistance · Ohio
Hcf Management, Inc. OH$53.1M · 0.45%
Knox Community Hospital OH$52.5M · 0.13%
The Bellevue Hospital OH$50.9M · 0.14%

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Source: U.S. Department of Labor, Form 5500 series, EIN 263536780 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.