Plan Snapshot
- Plan Sponsor: Western Reserve Area Agency On Aging
- Sponsor EIN: 341620774
- Sponsor Address: 1700 EAST 13TH STREET, CLEVELAND, OH, 44114
- Plan Type: 401(k)
- Total Participants: 341
- Total Assets: $14.5M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 341 | $14.5M | $743,307 | $1.3M |
| 2023 | 345 | $11.8M | $663,895 | $1.1M |
| 2022 | 326 | $9.5M | $563,209 | $897,657 |
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 |
|---|---|---|---|---|
| COHEN & COMPANY, LTD. | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $63,874 | $25,161 | $24,098 | — | — |
| 2023 | $50,161 | $16,417 | $22,706 | — | — |
| 2022 | $38,987 | $3,483 | $30,193 | — | $5,311 |