Plan Snapshot
- Plan Sponsor: Ohio Northern University
- Sponsor EIN: 344429091
- Sponsor Address: 525 S. MAIN ST., ADA, OH, 45810
- Plan Type: 403(b)
- Plan Number: 001
- Total Participants: 1,342
- Total Assets: $264.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 1,342 | $264.4M | $0 | $0 |
| 2024 | 485 | $252.8M | $2.4M | $2.9M |
| 2023 | 507 | $238.1M | $806,551 | $1.0M |
| 2022 | 508 | $230.1M | $2.4M | $3.0M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| TIAA TEACHERS INS & ANNUITY ASSC. | Other Service Provider | $111,804 | — | $111,804 |
| PLAN PILOT, LLC | Other Service Provider | $32,072 | — | $32,072 |
| FORVIS, LLP | Other Service Provider | $26,730 | — | $26,730 |
| LPL FINANCIAL, LLC | Other Service Provider | $22,000 | — | $22,000 |
| FORVIS MAZARS, LLP | Other Service Provider | $9,750 | — | $9,750 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $202,356
- Estimated Expense Ratio: 0.077% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2025 | $27,333,555 | $165,875 | $75,513 | $36,480 | — |
| 2024 | $254,472 | $170,628 | $67,194 | $16,650 | — |
| 2023 | $96,318 | $62,505 | $33,813 | — | — |
| 2022 | $254,578 | — | $179,769 | — | $74,809 |