Plan Ledger DOL Form 5500 · updated monthly

Eaglebank401(k)

EAGLEBANK 401(K) PLAN · SILVER SPRING, MD · plan year 2024

Reported admin expense ratio · 2024
0.19%

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

Eaglebank reported $119,522 in plan administrative expenses for 2024: 0.19% of average plan assets, above the peer median. Employer contributions averaged $3,695 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 0.20% to 0.19%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other finance & insurance employers. By assets it is the 253rd-largest of 1,671 plans among Maryland employers on file, and the 1,356th of 4,798 in finance & insurance. In 2024, employees put in $2.57 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$65,989,300
Participants with balances600
Active participants452
Employer contributions$1,670,274
Employee contributions$4,288,219
Employer contribution per active participant$3,695
Average account balance$109,982
Benefits paid to participants$10,448,683
Plan auditUnmodified (clean) audit opinion
AuditorSNYDER COHN, PC
Plan history3
Yearassets · accounts · employer contribution
2024$66.0M · 600 accts · $1.7M emplr
2023$61.4M · 595 accts · $1.7M emplr
2022$55.4M · 615 accts · $1.8M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$79,522
Investment management$40,000
Total administrative$119,522
The Eaglebank 401(k) match · 2024
Employer contribution per active participant$3,695
Median for plans this size$3,635
2024$3,695 per active participant
2023$3,863 per active participant
2022$3,935 per active participant

Eaglebank's 2024 employer contribution ran above the $3,635 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 · 20242
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$79,522
KESTRA INVESTMENT SERVICES LLC · Investment advisory (plan)$40,000

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$119,522 · 0.19%
2023$109,987 · 0.19%
2022$121,206 · 0.20%
Same employer
Similar plansFinance & Insurance · Maryland
Shore United Bank MD$71.8M · 0.22%
NASA Federal Credit Union MD$71.7M · 0.29%
Profund Advisors LLC MD$65.3M · 0.20%
Nfm, Inc. MD$63.1M · 0.29%

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Source: U.S. Department of Labor, Form 5500 series, EIN 522099123 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.