Plan Ledger DOL Form 5500 · updated monthly

Baltimore Medical System, Inc.403(b)

BALTIMORE MEDICAL SYSTEM,INC.TAX SHELTERED ANNUITY PLAN · BALTIMORE, MD · plan year 2024

Reported admin expense ratio · 2024
0.38%

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

Baltimore Medical System, Inc. reported $79,237 in plan administrative expenses for 2024: 0.38% of average plan assets, above the peer median. Employer contributions averaged $641 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 0.53% to 0.38%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other administrative & support services employers. By assets it is the 614th-largest of 1,671 plans among Maryland employers on file, and the 575th of 2,534 in administrative & support services. In 2024, employees put in $5.89 for every $1.00 the employer contributed; active participation has grown from 372 to 422 since 2022.

Plan summary
Net assets, end of year$21,726,225
Participants with balances579
Active participants422
Employer contributions$270,605
Employee contributions$1,592,623
Employer contribution per active participant$641
Average account balance$37,524
Benefits paid to participants$2,172,995
Plan auditDisclaimer of opinion
AuditorRSM US LLP
Plan history3
Yearassets · accounts · employer contribution
2024$21.7M · 579 accts · $271K emplr
2023$19.7M · 645 accts · $244K emplr
2022$17.1M · 559 accts · $274K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$56,032
Investment management$23,205
Total administrative$79,237
Employer contributions to the Baltimore Medical System, Inc. plan · 2024
Employer contribution per active participant$641
Median for plans this size$2,416
2024$641 per active participant
2023$619 per active participant
2022$737 per active participant

Baltimore Medical System, Inc.'s 2024 employer contribution ran below the $2,416 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 · 20243
ASCENSUS LLC · Recordkeeping$56,032
ONE DIGITAL INVESTMENT ADVISORS$15,913
NEXTCAPITAL GROUP, INC.$7,292

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

Recordkeeper by year2
2024Ascensus
2023Ascensus

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$79,237 · 0.38%
2023$64,582 · 0.35%
2022$97,761 · 0.53%
Same employer
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Aretum, LLC MD$35.0M · 0.34%
Red Coats, Inc. MD$27.5M · 0.37%
Brivo, Inc. MD$20.0M · 0.17%
Tech USA, LLC MD$18.3M · 0.01%
Brightkey, Inc. MD$10.7M · 0.71%

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Source: U.S. Department of Labor, Form 5500 series, EIN 521358241 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.