Plan Ledger DOL Form 5500 · updated monthly

Becker Morgan Group, Inc.401(k)

BECKER MORGAN GROUP, INC. 401(K) RETIREMENT SAVINGS PLAN · SALISBURY, MD · plan year 2024

Reported admin expense ratio · 2024
0.27%

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

Becker Morgan Group, Inc. reported $66,570 in plan administrative expenses for 2024: 0.27% of average plan assets, below the peer median. Employer contributions averaged $2,317 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 0.24% to 0.27%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 516th-largest of 1,671 plans among Maryland employers on file, and the 4,518th of 11,654 in professional & technical services. In 2024, employees put in $2.99 for every $1.00 the employer contributed; active participation has grown from 109 to 125 since 2022.

Plan summary
Net assets, end of year$26,816,400
Participants with balances137
Active participants125
Employer contributions$289,628
Employee contributions$866,754
Employer contribution per active participant$2,317
Average account balance$195,740
Benefits paid to participants$1,606,000
Plan auditUnmodified (clean) audit opinion
AuditorPKS & COMPANY, P.A.
Plan history3
Yearassets · accounts · employer contribution
2024$26.8M · 137 accts · $290K emplr
2023$22.6M · 129 accts · $295K emplr
2022$18.4M · 113 accts · $266K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$12,602
Investment management$41,968
Total administrative$66,570
The Becker Morgan Group, Inc. 401(k) match · 2024
Employer contribution per active participant$2,317
Median for plans this size$2,416
2024$2,317 per active participant
2023$2,567 per active participant
2022$2,443 per active participant

Becker Morgan Group, Inc.'s 2024 employer contribution ran below 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 · 20244
MERRILL LYNCH PIERCE FENNER & SMITH · Investment advisory (plan)$37,522
PKS & COMPANY, P.A.$12,000
EMPOWER ADVISORY GROUP, LLC · Investment management$4,447

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$66,570 · 0.27%
2023$59,510 · 0.29%
2022$51,848 · 0.24%
Same employer
Similar plansProfessional & Technical Services · Maryland
Rlj Lodging Trust, L.P. MD$27.2M · 0.20%
American Electronics, Inc. MD$26.8M · 0.06%
Franklin & Prokopik, P.C. MD$26.4M · 0.03%
Caremetx, LLC MD$26.4M · 0.45%
Mele Associates, Inc. MD$26.2M · 0.24%

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Source: U.S. Department of Labor, Form 5500 series, EIN 521348971 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.