Plan Ledger DOL Form 5500 · updated monthly

Association of Maryland Pilots401(k)

AMP 401(K) PLAN · BALTIMORE, MD · plan year 2024

Reported admin expense ratio · 2024
0.21%

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

Association of Maryland Pilots reported $121,493 in plan administrative expenses for 2024: 0.21% of average plan assets, above the peer median. Employer contributions averaged $13,493 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 0.15% to 0.21%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other transportation & warehousing employers. By assets it is the 282nd-largest of 1,671 plans among Maryland employers on file, and the 341st of 2,677 in transportation & warehousing. In 2024, the employer put in $1.83 for every $1.00 employees contributed themselves; active participation has grown from 101 to 134 since 2022.

Plan summary
Net assets, end of year$61,082,238
Participants with balances129
Active participants134
Employer contributions$1,808,120
Employee contributions$986,241
Employer contribution per active participant$13,493
Average account balance$473,506
Benefits paid to participants$4,838,971
Plan auditUnmodified (clean) audit opinion
AuditorRSM US LLP
Plan history3
Yearassets · accounts · employer contribution
2024$61.1M · 129 accts · $1.8M emplr
2023$56.3M · 120 accts · $2.2M emplr
2022$49.7M · 118 accts · $1.8M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$781
Investment management$120,712
Total administrative$121,493
The Association of Maryland Pilots 401(k) match · 2024
Employer contribution per active participant$13,493
Median for plans this size$3,635
2024$13,493 per active participant
2023$23,009 per active participant
2022$17,549 per active participant

Association of Maryland Pilots's 2024 employer contribution ran above the $3,635 median for plans its size, placing it in the top 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 · 20243
SCHWAB RETIREMENT PLAN SERVICES,INC · Recordkeeping · Investment advisory (participants)$90,790
PRIVATE OCEAN · Investment advisory (participants)$5,898
CHARLES SCHWAB & CO., INC. · Securities brokerage$454

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

Recordkeeper by year2
2024Charles Schwab
2023Charles Schwab

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Administrative cost history3
2024$121,493 · 0.21%
2023$80,799 · 0.15%
2022$87,206 · 0.15%
Same employer
Similar plansTransportation & Warehousing · Maryland
The Vane Brothers Company MD$109.2M · 0.06%
Peak Technologies, Inc. MD$93.3M · 0.09%
Cowan Systems, LLC MD$37.0M · 0.18%
Carey International, Inc. MD$25.3M · 0.02%
Rukert Terminals Corp. MD$24.6M · 0.09%
Logistec USA Inc. MD$22.1M · 0.39%

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Source: U.S. Department of Labor, Form 5500 series, EIN 520231416 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.