Plan Snapshot
- Plan Sponsor: Otterbein Homes
- Sponsor EIN: 310549058
- Sponsor Address: 580 NORTH STATE ROUTE 741, LEBANON, OH, 45036
- Plan Type: 401(k)
- Total Participants: 2,076
- Total Assets: $28.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 2,076 | $28.9M | $1.2M | $2.3M |
| 2023 | 1,477 | $22.4M | $779,990 | $1.8M |
| 2022 | 1,371 | $19.1M | $730,968 | $1.7M |
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 |
|---|---|---|---|---|
| EMPOWER ADVISORY GROUP, LLC | Investment Advisor | $73,011 | — | $73,011 |
| EMPOWER ANNUITY INSURANCE COMPANY O | Recordkeeper | $34,788 | — | $34,788 |
| FIFTH THIRD BANK | Investment Advisor | $27,565 | — | $27,565 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $135,364
- Estimated Expense Ratio: 0.469% 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 |
|---|---|---|---|---|---|
| 2024 | $135,363 | $100,576 | — | — | — |
| 2023 | $111,818 | $89,692 | — | — | — |
| 2022 | $139,830 | — | $139,830 | — | — |