Plan Ledger DOL Form 5500 · updated monthly

Blue Crab Corporate Services, LLC401(k)

BLUE CRAB CORPORATE SERVICES, LLC · ANNAPOLIS, MD · plan year 2024

Reported admin expense ratio · 2024
0.85%

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

Blue Crab Corporate Services, LLC reported $29,194 in plan administrative expenses for 2024: 0.85% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,189 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 has held roughly steady near 0.85%. 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 (1,367th of 1,671), and 8,698th of 11,911 in health care & social assistance. In 2024, employees put in $2.51 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$3,786,078
Participants with balances244
Active participants199
Employer contributions$236,643
Employee contributions$593,456
Employer contribution per active participant$1,189
Average account balance$15,517
Benefits paid to participants$576,605
Plan auditUnmodified (clean) audit opinion
AuditorLOMBARDO AYERS & COMPANY LLC
Plan history2
Yearassets · accounts · employer contribution
2024$3.8M · 244 accts · $237K emplr
2023$3.1M · 221 accts · $205K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$12,484
Investment management$16,710
Total administrative$29,194
The Blue Crab Corporate Services, LLC 401(k) match · 2024
Employer contribution per active participant$1,189
Median for plans this size$1,313
2024$1,189 per active participant
2023$1,117 per active participant

Blue Crab Corporate Services, LLC's 2024 employer contribution ran below the $1,313 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 · 20242
RAYMOND JAMES · Recordkeeping · Trustee$16,710
ADP, INC. · Loan processing · Recordkeeping$12,483

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

Recordkeeper by year2
2024ADP, Raymond James
2023ADP, Raymond James

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

Administrative cost history2
2024$29,194 · 0.85%
2023$18,172 · 0.81%
Similar plansHealth Care & Social Assistance · Maryland
Precision Orthopedics MD$4.2M · 0.04%
Mindoula Health Inc MD$4.2M · 0.51%
Homecare Maryland, LLC MD$4.0M · 0.06%
Progress Unlimited, Inc. MD$3.7M · 0.75%
Arundel Lodge, Inc. MD$3.7M · 0.13%

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Source: U.S. Department of Labor, Form 5500 series, EIN 823817597 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.