Plan Ledger DOL Form 5500 · updated monthly

Western Reserve Mutual Casualty Company401(k)

WESTERN RESERVE GROUP 401(K) PROFIT SHARING PLAN · WOOSTER, OH · plan year 2024

Reported admin expense ratio · 2024
0.12%

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

Western Reserve Mutual Casualty Company reported $68,456 in plan administrative expenses for 2024: 0.12% of average plan assets, below the peer median. Employer contributions averaged $6,933 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 0.11% to 0.12%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other finance & insurance employers. By assets it is the 544th-largest of 3,295 plans among Ohio employers on file, and the 1,424th of 4,798 in finance & insurance. In 2024, employees put in $1.21 for every $1.00 the employer contributed; active participation has grown from 253 to 287 since 2022.

Plan summary
Net assets, end of year$61,967,997
Participants with balances356
Active participants287
Employer contributions$1,989,779
Employee contributions$2,407,072
Employer contribution per active participant$6,933
Average account balance$174,067
Benefits paid to participants$4,213,178
Plan auditUnmodified (clean) audit opinion
AuditorCLARK, SCHAEFER, HACKEET & CO
Plan history3
Yearassets · accounts · employer contribution
2024$62.0M · 356 accts · $2.0M emplr
2023$53.5M · 351 accts · $1.1M emplr
2022$45.4M · 324 accts · $1.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$68,456
Total administrative$68,456
The Western Reserve Mutual Casualty Company 401(k) match · 2024
Employer contribution per active participant$6,933
Median for plans this size$3,635
2024$6,933 per active participant
2023$3,838 per active participant
2022$4,068 per active participant

Western Reserve Mutual Casualty Company's 2024 employer contribution ran above the $3,635 median for plans its size, placing it in the top quarter of its peers. 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 · 20241
SCHWAB RETIREMENT PLAN SERVICES,INC · Recordkeeping$68,381

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

Recordkeeper by year2
2024Charles Schwab
2023Charles Schwab

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

Administrative cost history3
2024$68,456 · 0.12%
2023$58,117 · 0.12%
2022$54,194 · 0.11%
Same employer
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Source: U.S. Department of Labor, Form 5500 series, EIN 340613930 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.