Plan Ledger DOL Form 5500 · updated monthly

Center for Social Change, Inc.401(k)

CENTER FOR SOCIAL CHANGE, INC. SAFE HARBOR 401(K) PLAN · ELKRIDGE, MD · plan year 2024

Reported admin expense ratio · 2024
0.57%

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

Center for Social Change, Inc. reported $22,260 in plan administrative expenses for 2024: 0.57% of average plan assets, above the peer median. Employer contributions averaged $1,167 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 0.61% to 0.57%. 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 (1,336th of 1,671), and 8,349th of 11,911 in health care & social assistance. In 2024, employees put in $2.04 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$4,286,733
Participants with balances178
Active participants270
Employer contributions$315,076
Employee contributions$642,504
Employer contribution per active participant$1,167
Average account balance$24,083
Benefits paid to participants$594,462
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$4.3M · 178 accts · $315K emplr
2023$3.5M · 171 accts · $294K emplr
2022$2.9M · 210 accts · $275K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$22,260
Total administrative$22,260
The Center for Social Change, Inc. 401(k) match · 2024
Employer contribution per active participant$1,167
Median for plans this size$1,313
2024$1,167 per active participant
2023$1,194 per active participant
2022$1,031 per active participant

Center for Social Change, Inc.'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 · 20243
ADP, INC. · Loan processing · Recordkeeping$22,260
ADP BROKER-DEALER · Other servicesindirect comp
ROBERT W. BAIRD AND CO INCORPORATED · Other servicesindirect comp

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
2023ADP

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

Administrative cost history3
2024$22,260 · 0.57%
2023$23,013 · 0.72%
2022$17,634 · 0.61%
Same employer
Similar plansHealth Care & Social Assistance · Maryland
Columbia Vantage House MD$4.5M · 0.46%
Thc MD$4.3M · 1.93%
Precision Orthopedics MD$4.2M · 0.04%
Mindoula Health Inc MD$4.2M · 0.51%
Homecare Maryland, LLC MD$4.0M · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 521842864 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.