Plan Ledger DOL Form 5500 · updated monthly

Daniel G. Schuster, LLC401(k)

DANIEL G. SCHUSTER LLC 401(K) SALARY REDUCTION PLAN · OWINGS MILLS, MD · plan year 2024

Reported admin expense ratio · 2024
0.25%

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

Daniel G. Schuster, LLC reported $97,586 in plan administrative expenses for 2024: 0.25% of average plan assets, below the peer median. Employer contributions averaged $483 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 0.25%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other construction employers. By assets it is the 383rd-largest of 1,671 plans among Maryland employers on file, and the 1,236th of 5,337 in construction. In 2024, employees put in $3.28 for every $1.00 the employer contributed; active participation has grown from 1,086 to 1,266 since 2022.

Plan summary
Net assets, end of year$40,053,645
Participants with balances429
Active participants1,266
Employer contributions$611,887
Employee contributions$2,004,642
Employer contribution per active participant$483
Average account balance$93,365
Benefits paid to participants$2,798,348
Plan auditUnmodified (clean) audit opinion
AuditorUHY LLP
Plan history3
Yearassets · accounts · employer contribution
2024$40.1M · 429 accts · $612K emplr
2023$37.0M · 430 accts · $402K emplr
2022$32.7M · 404 accts · $648K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$97,586
Total administrative$97,586
The Daniel G. Schuster, LLC 401(k) match · 2024
Employer contribution per active participant$483
Median for plans this size$2,416
2024$483 per active participant
2023$294 per active participant
2022$597 per active participant

Daniel G. Schuster, LLC's 2024 employer contribution ran below the $2,416 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 · 20244
ALERUS FINANCIAL NA · Recordkeeping · Loan processing$30,306
ADP, INC. · Loan processing · Recordkeeping$10,220
401K ADVISORS INC. · Recordkeeping · Trustee$8,333
STRATEGIC WEALTH MANAGEMENT · Investment advisory (participants) · Investment advisory (plan)$48,842

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

Recordkeeper by year2
2024401K ADVISORS INC., ADP, Alerus
2023Alerus

This plan has changed recordkeepers within these filings. If you left Daniel G. Schuster, LLC before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$97,586 · 0.25%
2023$79,958 · 0.23%
2022$75,949 · 0.24%
Same employer
Similar plansConstruction · Maryland
Drb Enterprises, LLC MD$49.7M · 0.40%
Grunley Construction, Inc. MD$47.3M · 0.14%
McLean Contracting Company MD$39.4M · 0.05%
Delaware Elevator, Inc. MD$37.0M · 0.59%
Electrico, Inc. MD$34.1M · 0.40%

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Source: U.S. Department of Labor, Form 5500 series, EIN 521042778 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.