Ohio › Health care and social assistance › 5,000 to 24,999 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
The Ohiohealth Cash Balance Retirement Plan
Sponsored by Ohiohealth Corporation, Columbus, OH
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. Form 5500 contains no individual account balances. Look up the original filing at EFAST2.
The Ohiohealth Cash Balance Retirement Plan is a cash balance pension plan sponsored by Ohiohealth Corporation of Columbus, Ohio. For the plan year ending 31 Dec 2024 it reported 14,079 participants, 6,188 of them active, and net assets of $743M.
Net assets came to $52,744 per participant, well below the $87,623 median for defined benefit plans with 5,000 to 24,999 participants and below the $62,049 median for defined benefit plans in health care and social assistance. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
Schedule C lists 10 service provider organisations paid $5,000 or more, with reported compensation of $2.4M: $170 per participant, well below the same-size median of $232. Administrative expenses charged to the plan were $3.8M. Schedule C does not capture every cost: fees netted from fund returns and fees the employer pays directly are outside it.
Across the filings on record, net assets went from $269M in 2009 to $743M in 2024 (up 176%), and participants from 16,330 to 14,079 (down 14%).
The independent accountant's opinion on the financial statements was unmodified (unqualified), from an audit whose scope was limited under ERISA section 103(a)(3)(C) to exclude investment information certified by a bank or insurer.
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DB plans |
|---|---|---|---|---|
| Net assets per participant | $52,744 | $87,623 | $62,049 | $86,221 |
| Employer contributions per active participant | — | $9,468 | $7,491 | $10,244 |
| Schedule C compensation per participant | $170 | $232 | $248 | $344 |
| Schedule C compensation, share of net assets | 0.32% | 0.30% | 0.39% | 0.42% |
| Administrative expenses per participant | $272 | $396 | $427 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 5,000 to 24,999 participants (651 plans), health care and social assistance (542) and all US plans (5,308). Fee medians cover plans that report an amount.
Trend by plan year
| Plan year | Participants | Net assets | Per participant | Employer contributions | Participant contributions | Schedule C compensation |
|---|---|---|---|---|---|---|
| 2024 | 14,079 | $743M | $52,744 | — | — | $2.4M |
| 2023 | 14,589 | $754M | $51,703 | — | — | $2.4M |
| 2022 | 15,097 | $746M | $49,395 | $123M | — | $2.1M |
| 2021 | 15,603 | $841M | $53,912 | — | — | $2.4M |
| 2020 | 16,166 | $856M | $52,969 | $18.8M | — | $2.2M |
| 2019 | 16,736 | $778M | $46,500 | $10.0M | — | $2.4M |
| 2018 | 17,455 | $679M | $38,904 | $26.6M | — | $2.6M |
| 2017 | 15,751 | $636M | $40,398 | $14.7M | — | $2.1M |
| 2016 | 16,270 | $571M | $35,125 | $26.5M | — | $2.3M |
| 2015 | 16,778 | $539M | $32,119 | $60.5M | — | $2.2M |
| 2014 | 17,390 | $513M | $29,493 | $42.5M | — | $2.2M |
| 2013 | 18,074 | $446M | $24,679 | $45.3M | — | $2.3M |
| 2012 | 18,041 | $407M | $22,546 | $48.3M | — | $2.1M |
| 2011 | 17,489 | $343M | $19,636 | $37.0M | — | $540K |
| 2010 | 16,870 | $320M | $18,978 | $39.9M | — | $2.0M |
| 2009 | 16,330 | $269M | $16,470 | $33.5M | — | $2.1M |
Years in which the plan filed the full Form 5500 with 100 or more participants, from 2009. Plan year is the year in which the plan year began.
Statement for the year
- Net assets, beginning of year$754,288,954
- Employer contributions—
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$0
- Total income, including investment results$37,430,634
- Benefits paid$45,304,615
- Administrative expenses$3,826,936
- Total expenses$49,131,551
- Net income−$11,700,917
- Net transfers$0
- Net assets, end of year$742,588,037
Participants
- Active participants6,188
- Retired or separated, receiving benefits2,455
- Retired or separated, entitled to future benefits5,173
- Total participants, end of year14,079
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Alight Solutions LLC | Recordkeeping and information management | $657,895 | $0 |
| Income Research & Mgmt. Inc. | Investment management | $483,543 | $0 |
| Clarion Partners, LLC | Investment management | $317,512 | $0 |
| Silchester International Investor | Investment advisory (plan); Investment management | $265,219 | $0 |
| William Blair Investment Management | Investment management | $223,147 | $0 |
| Northern Trust Company | Trustee (bank, trust company, or similar financial institution) | $175,422 | $0 |
| Legal & General Investment | Investment management | $155,493 | $0 |
| Aon Consulting | Consulting (general) | $84,770 | $0 |
| Plante & Moran, PLLC | Accounting (including auditing) | $15,000 | $0 |
| Baker & Hostetler, LLP | Investment management | $9,890 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. Individuals named on Schedule C (plan employees, individual trustees) are never shown and their compensation is excluded. Eligible indirect compensation disclosed by formula carries no dollar amount. See how to read Schedule C fees.
Administrative expenses on Schedule H
- Investment advisory and management fees$1,454,804
- Other administrative expenses$1,439,045
- Recordkeeping fees$657,895
- Trustee and custodial fees$175,422
- Actuarial fees$84,770
- Contract administrator fees$15,000
- Total administrative expenses$3,826,936
Investment structure
Assets at year end by Schedule H category. The form shows the kind of vehicle holding the money, not the funds on the menu.
- Corporate debt instruments$263M · 35.4%
- U.S. Government securities$181M · 24.4%
- Common/collective trusts$117M · 15.7%
- Other investments$65.3M · 8.8%
- Receivables$38.8M · 5.2%
- 103-12 investment entities$24.1M · 3.2%
- Corporate stocks$20.2M · 2.7%
- Registered investment companies (mutual funds)$18.8M · 2.5%
- Cash (interest and non-interest bearing)$15.3M · 2.1%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)Yes
- Accounting firmPlante & Moran, PLLC
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $10,000,000
- Blackout period during the yearNo
These are the plan administrator's own answers on Schedule H, Part IV. A reported late transmittal is the filer's disclosure of a timing lapse, usually corrected through the Department of Labor's voluntary program; the amount is the total involved, not a loss.
Plan characteristics
1ABenefits are primarily pay related1CCash balance or similar plan3FPlan sponsor(s) received services of leased employees3HPlan sponsor(s) is (are) a member(s) of a controlled group
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 622000: Hospitals.
Other plans of Ohiohealth Corporation
| Plan | Participants | Net assets |
|---|---|---|
| Ohiohealth Retirement Savings Plan 403(b) | 37,660 | $2.73B |
Similar plans in Ohio
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Premier Health Partners Employees Retirement Plan | Premier Health Partners | 14,944 | $411M | $27,490 |
| Summa Health Retirement Income Plan and Trust | Summa Health | 5,603 | $183M | $32,694 |
| Children's Hospital Medical Center Retirement Plan | Children's Hospital Medical Center | 23,634 | $1.21B | $51,134 |
| The Christ Hospital Pension Plan | The Christ Hospital | 5,270 | $281M | $53,253 |
| The CCHS Retirement Plan | The Cleveland Clinic Foundation | 24,365 | $1.04B | $42,851 |
| Uc Health Retirement Plan | Uc Health, LLC | 4,739 | $240M | $50,562 |
Defined benefit plans in health care and social assistance closest in size.
Questions and answers
How big is The Ohiohealth Cash Balance Retirement Plan?
14,079 participants at the end of the plan year ending 31 Dec 2024, of whom 6,188 were active employees, with net assets of $742,588,037. Among defined benefit plans that places it in the 5,000 to 24,999 participants band, which held 651 plans in plan year 2024.
What does Ohiohealth Corporation contribute per participant?
This filing has no Schedule H financial statement, so employer contributions are not reported here.
What fees does the plan pay and how do they compare?
Schedule C reports $2,387,891 in compensation to service provider organisations, $170 per participant or 0.32% of net assets. The same-size median among plans reporting any Schedule C compensation was $232 per participant. Administrative expenses on Schedule H were $3,826,936. Investment costs deducted inside mutual funds and other pooled vehicles are not itemised on Form 5500, so these figures are a floor rather than a full cost.
Who runs the plan?
The sponsor is Ohiohealth Corporation. Recordkeeping or administration: Alight Solutions LLC. Investment advisory or management: Income Research & Mgmt. Inc., Clarion Partners, LLC and Silchester International Investor. Trustee or custodian: Northern Trust Company. The financial statements were audited by Plante & Moran, PLLC. Form 5500 also names the plan administrator's signer and other individuals; this site publishes organisations only.
Was the audit opinion unqualified?
The filing reports an unmodified (unqualified) opinion from a limited-scope audit, in which the accountant did not audit investment information certified by a bank or insurance company. Unmodified (formerly "unqualified") is the standard clean opinion.
How current is this, and does it show my balance?
This is the Form 5500 for the plan year 1 Jan 2024 to 31 Dec 2024, received by the Department of Labor on 24 Sep 2025. Filings are due seven months after the plan year ends, or nine and a half with an extension, so the public record always runs a year or more behind. It contains plan-level totals only: no individual balances, contributions or names of participants exist in the data.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files (Form 5500, Schedule H, Schedule C) for plan years 2009 to 2025, public domain, with filings received through 24 Aug 2026. This page shows the latest filing on record for EIN 31-4394942, plan 333, received 24 Sep 2025; an amended filing replaces it at the next build. Medians and percentiles are computed by this site; see the methodology. Report an error through corrections.