Plan Ledger DOL Form 5500 · updated monthly

Advanced Programs, Inc.401(k)

ADVANCED PROGRAMS, INC. 401(K) PLAN · COLUMBIA, MD · plan year 2024

Reported admin expense ratio · 2024
0.01%

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

Advanced Programs, Inc. reported $2,425 in plan administrative expenses for 2024: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $3,597 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 0.00% to 0.01%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 446th-largest of 1,671 plans among Maryland employers on file, and the 4,223rd of 13,661 in manufacturing. In 2024, employees put in $2.47 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$32,624,203
Participants with balances131
Active participants146
Employer contributions$525,224
Employee contributions$1,299,766
Employer contribution per active participant$3,597
Average account balance$249,040
Benefits paid to participants$3,410,987
Plan auditUnmodified (clean) audit opinion
AuditorMCLEAN, KOEHLER, SPARKS AND HAMMOND
Plan history3
Yearassets · accounts · employer contribution
2024$32.6M · 131 accts · $525K emplr
2023$30.1M · 124 accts · $486K emplr
2022$26.0M · 122 accts · $447K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$2,425
Total administrative$2,425
The Advanced Programs, Inc. 401(k) match · 2024
Employer contribution per active participant$3,597
Median for plans this size$2,416
2024$3,597 per active participant
2023$3,571 per active participant
2022$3,125 per active participant

Advanced Programs, Inc.'s 2024 employer contribution ran above the $2,416 median for plans its size. 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
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processingindirect comp

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

Administrative cost history3
2024$2,425 · 0.01%
2023$950 · 0.00%
2022$1,293 · 0.00%
Same employer
Similar plansManufacturing · Maryland
Elite Spice, Inc. MD$37.8M · 0.32%
District Photo, Inc. MD$35.5M · 0.37%
Beitzel Corporate Services MD$34.1M · 0.39%
Paul Reed Smith Guitars, LP MD$31.9M · 0.24%
Origene Technologies, Inc. MD$28.9M · 0.28%
Clendenin Brothers, Inc. MD$28.5M · 0.33%
Bizerba USA, Inc. MD$28.5M · 0.22%

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Source: U.S. Department of Labor, Form 5500 series, EIN 113038245 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.