Bay Shore Services, Inc.403(b)
BAY SHORE SERVICES, INC. TAX DEFERRED ANNUITY PLAN · SALISBURY, MD · plan year 2022
Bay Shore Services, Inc.'s 2022 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $918,954 across 22 participant accounts, with employer contributions averaging $112 per active participant. See methodology for what Form 5500 does and doesn't capture.
The plan sits in the under $1M size bracket, benchmarked here against 4,041 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Maryland (1,605th of 1,671), and 10,972nd of 11,911 in health care & social assistance. In 2022, employees put in $3.68 for every $1.00 the employer contributed.
Bay Shore Services, Inc.'s 2022 employer contribution ran below the $331 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.
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Source: U.S. Department of Labor, Form 5500 series, EIN 521761890 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.