Plan Ledger DOL Form 5500 · updated monthly

Bello Machre, Inc403(b)

BELLO MACHRE, INC 403(B) PLAN · GLEN BURNIE, MD · plan year 2024

Reported admin expense ratio · 2024
0.12%

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

Bello Machre, Inc reported $2,426 in plan administrative expenses for 2024: 0.12% of average plan assets, lower than ~75% of peers. Employer contributions averaged $593 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 0.76% to 0.12%. 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 (1,473rd of 1,671), and 9,523rd of 11,911 in health care & social assistance. In 2024, employees put in $2.11 for every $1.00 the employer contributed; active participation has grown from 397 to 574 since 2022.

Plan summary
Net assets, end of year$2,655,477
Participants with balances216
Active participants574
Employer contributions$340,385
Employee contributions$718,868
Employer contribution per active participant$593
Average account balance$12,294
Benefits paid to participants$83,949
Plan auditUnmodified (clean) audit opinion
AuditorMULLEN, SONDBERG, WIMBISH & STONE,
Plan history3
Yearassets · accounts · employer contribution
2024$2.7M · 216 accts · $340K emplr
2023$1.4M · 148 accts · $56K emplr
2022$489K · 93 accts · $34K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$2,426
Total administrative$2,426
Employer contributions to the Bello Machre, Inc plan · 2024
Employer contribution per active participant$593
Median for plans this size$1,313
2024$593 per active participant
2023$113 per active participant
2022$85 per active participant

Bello Machre, 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 · 20241
ASCENSUS LLC · Loan processing · Recordkeeping$4,197

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$2,426 · 0.12%
2023$2,019 · 0.21%
2022$2,731 · 0.76%
Same employer
Similar plansHealth Care & Social Assistance · Maryland
Archway Station, Inc. MD$2.8M · 0.61%
Calmra, Inc. MD$2.7M · 0.03%
Creative Options, Inc. MD$2.5M · 1.25%

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Source: U.S. Department of Labor, Form 5500 series, EIN 520915574 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.