Plan Ledger DOL Form 5500 · updated monthly

Dove Pointe, Inc.401(k)

EMPLOYEE BENEFITS PLAN OF DOVE POINTE, INC. · SALISBURY, MD · plan year 2024

Reported admin expense ratio · 2024
1.35%

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

Dove Pointe, Inc. reported $81,363 in plan administrative expenses for 2024: 1.35% of average plan assets, higher than ~90% of peers. Employer contributions averaged $0 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 1.19% to 1.35%. 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 (1,188th of 1,671), and 7,256th of 11,911 in health care & social assistance.

Plan summary
Net assets, end of year$6,192,874
Participants with balances266
Active participants346
Employer contributions$0
Employee contributions$445,295
Employer contribution per active participant$0
Average account balance$23,281
Benefits paid to participants$708,258
Plan auditUnmodified (clean) audit opinion
AuditorPKS & COMPANY, P.A.
Plan history3
Yearassets · accounts · employer contribution
2024$6.2M · 266 accts
2023$5.9M · 273 accts · $398K emplr
2022$5.0M · $377K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$81,363
Total administrative$81,363
The Dove Pointe, Inc. 401(k) match · 2024
Employer contribution per active participant$0
Median for plans this size$1,313
2023$1,133 per active participant
2022$1,142 per active participant

Dove Pointe, 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 · 20241
JOHN HANCOCK USA · Recordkeeping · Investment management$13,112

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024$81,363 · 1.35%
2023$67,162 · 1.24%
2022$57,306 · 1.19%
Similar plansHealth Care & Social Assistance · Maryland
Affiliated Sante Group MD$6.4M · 0.27%
Omv Medical, Inc. MD$6.3M · 0.51%
Richcroft, Inc. MD$6.0M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 520884222 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.