Plan Ledger DOL Form 5500 · updated monthly

Direct Mail Processors, Inc.401(k)

DIRECT MAIL PROCESSORS, INC. 401(K) PROFIT SHARING PLAN · HAGERSTOWN, MD · plan year 2024

Reported admin expense ratio · 2024
0.59%

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

Direct Mail Processors, Inc. reported $44,933 in plan administrative expenses for 2024: 0.59% of average plan assets, above the peer median. Employer contributions averaged $279 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 0.46% to 0.59%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other administrative & support services employers. By assets it is among the smaller plans on file in Maryland (1,103rd of 1,671), and the 1,161st of 2,534 in administrative & support services. In 2024, employees put in $3.01 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$7,785,684
Participants with balances206
Active participants311
Employer contributions$86,739
Employee contributions$261,089
Employer contribution per active participant$279
Average account balance$37,795
Benefits paid to participants$866,359
Plan auditUnmodified (clean) audit opinion
AuditorJ. DAVIS, CPA-AC
Plan history3
Yearassets · accounts · employer contribution
2024$7.8M · 206 accts · $87K emplr
2023$7.5M · 221 accts · $87K emplr
2022$7.0M · 227 accts · $80K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$26,407
Investment management$18,526
Total administrative$44,933
The Direct Mail Processors, Inc. 401(k) match · 2024
Employer contribution per active participant$279
Median for plans this size$1,313
2024$279 per active participant
2023$271 per active participant
2022$256 per active participant

Direct Mail Processors, 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 · 20242
WELLS FARGO ADVISORS LLC · Investment advisory (plan)$18,526

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$44,933 · 0.59%
2023$42,255 · 0.58%
2022$34,825 · 0.46%
Same employer
Similar plansAdministrative & Support Services · Maryland
Tech USA, LLC MD$18.3M · 0.01%
Brightkey, Inc. MD$10.7M · 0.71%
Psi Services III, Inc. MD$7.5M · 0.00%
Denison Landscaping, Inc. MD$7.0M · 0.62%
Wb Waste Solutions MD$4.9M · 0.84%
Curtis Bay Energy, Inc. MD$4.7M · 0.99%

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Source: U.S. Department of Labor, Form 5500 series, EIN 510340880 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.