Plan Ledger DOL Form 5500 · updated monthly

Clendenin Brothers, Inc.401(k)

THE EMPLOYEES RETIREMENT AND SECTION 401(K) PLAN AND TRUST · BALTIMORE, MD · plan year 2024

Reported admin expense ratio · 2024
0.33%

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

Clendenin Brothers, Inc. reported $91,763 in plan administrative expenses for 2024: 0.33% of average plan assets, above the peer median. Employer contributions averaged $1,470 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 3 years on file its reported administrative ratio has held roughly steady near 0.333%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 483rd-largest of 1,671 plans among Maryland employers on file, and the 4,658th of 13,661 in manufacturing. In 2024, employees put in $2.04 for every $1.00 the employer contributed; active participation has grown from 138 to 195 since 2022.

Plan summary
Net assets, end of year$28,530,573
Participants with balances205
Active participants195
Employer contributions$286,593
Employee contributions$583,741
Employer contribution per active participant$1,470
Average account balance$139,174
Benefits paid to participants$2,120,996
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$28.5M · 205 accts · $287K emplr
2023$26.6M · 194 accts · $280K emplr
2022$24.6M · 217 accts · $237K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$29,235
Investment management$48,528
Audit (IQPA)$14,000
Total administrative$91,763
The Clendenin Brothers, Inc. 401(k) match · 2024
Employer contribution per active participant$1,470
Median for plans this size$2,416
2024$1,470 per active participant
2023$2,091 per active participant
2022$1,719 per active participant

Clendenin Brothers, 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 · 20243
GOLDMAN SACHS ASSET MANAGEMENT LP · Investment advisory (plan)$46,942
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$29,235
ELLIN & TUCKER, CHARTERED · Accounting / audit$14,000

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$91,763 · 0.33%
2023$92,865 · 0.36%
2022$89,244 · 0.33%
Similar plansManufacturing · Maryland
Beitzel Corporate Services MD$34.1M · 0.39%
Advanced Programs, Inc. MD$32.6M · 0.01%
Paul Reed Smith Guitars, LP MD$31.9M · 0.24%
Origene Technologies, Inc. MD$28.9M · 0.28%
Bizerba USA, Inc. MD$28.5M · 0.22%
American Wood Fibers, Inc. MD$27.2M · 0.21%
Webb-Mason, LLC MD$27.0M · 0.27%
Wm. T. Burnett Holding LLC MD$25.7M · 0.50%

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Source: U.S. Department of Labor, Form 5500 series, EIN 520274470 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.