Plan Ledger DOL Form 5500 · updated monthly

Arc of Washington County, Inc.403(b)

ARC OF WASHINGTON COUNTY, INC. 403(B) TAX DEFERRED ANNUITY PLAN · HAGERSTOWN, MD · plan year 2024

Reported admin expense ratio · 2024
0.53%

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

Arc of Washington County, Inc. reported $44,722 in plan administrative expenses for 2024: 0.53% of average plan assets, below the peer median. Employer contributions averaged $290 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 fell from 0.57% to 0.53%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Maryland (1,038th of 1,671), and 6,046th of 11,911 in health care & social assistance. In 2024, employees put in $2.31 for every $1.00 the employer contributed; active participation has shrunk from 959 to 747 since 2022.

Plan summary
Net assets, end of year$9,042,664
Participants with balances192
Active participants747
Employer contributions$216,454
Employee contributions$498,980
Employer contribution per active participant$290
Average account balance$47,097
Benefits paid to participants$630,379
Plan auditUnmodified (clean) audit opinion
AuditorSMITH ELLIOTT KEARNS & CO LLC
Plan history3
Yearassets · accounts · employer contribution
2024$9.0M · 192 accts · $216K emplr
2023$7.9M · 188 accts · $201K emplr
2022$7.3M · 202 accts · $211K emplr
Administrative expenses, itemized · 2024
Investment management$23,338
Total administrative$44,722
Employer contributions to the Arc of Washington County, Inc. plan · 2024
Employer contribution per active participant$290
Median for plans this size$1,313
2024$290 per active participant
2023$186 per active participant
2022$220 per active participant

Arc of Washington County, Inc.'s 2024 employer contribution ran below the $1,313 median for plans its size, in the bottom quarter of its peers. 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 · 20244
TRIBRIDGE PARTNERS FINANCIAL LLC · Investment advisory (plan)$19,976
ORENDA RETIREMENT, LLC · Contract administrator · Other services$11,551
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$9,829
MORNINGSTAR INVESTMENT MGMT LLC · Investment advisory (participants)indirect 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$44,722 · 0.53%
2023$34,679 · 0.46%
2022$39,106 · 0.57%
Same employer
Similar plansHealth Care & Social Assistance · Maryland
Delfi Diagnostics, Inc. MD$8.8M · 0.38%
Maryland Medicine, P.A. MD$8.7M · 0.12%

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Source: U.S. Department of Labor, Form 5500 series, EIN 520696197 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.