Plan Ledger DOL Form 5500 · updated monthly

Eastern Savings Bank401(k)

EASTERN SAVINGS BANK SAVINGS PLAN · HUNT VALLEY, MD · plan year 2024

Reported admin expense ratio · 2024
0.24%

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

Eastern Savings Bank reported $90,078 in plan administrative expenses for 2024: 0.24% of average plan assets, below the peer median. Employer contributions averaged $3,113 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 0.24%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is the 390th-largest of 1,671 plans among Maryland employers on file, and the 1,996th of 4,798 in finance & insurance. In 2024, employees put in $3.44 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$39,102,655
Participants with balances124
Active participants86
Employer contributions$267,726
Employee contributions$920,775
Employer contribution per active participant$3,113
Average account balance$315,344
Benefits paid to participants$2,215,531
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$39.1M · 124 accts · $268K emplr
2023$35.6M · 126 accts · $227K emplr
2022$31.4M · 129 accts · $216K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$90,078
Total administrative$90,078
The Eastern Savings Bank 401(k) match · 2024
Employer contribution per active participant$3,113
Median for plans this size$2,416
2024$3,113 per active participant
2023$2,469 per active participant
2022$2,320 per active participant

Eastern Savings Bank's 2024 employer contribution ran above 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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$90,078
MERCER INVESTMENTS LLC · Investment advisory (plan)indirect comp
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp

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$90,078 · 0.24%
2023$83,998 · 0.25%
2022$89,453 · 0.25%
Similar plansFinance & Insurance · Maryland
Presidential Bank MD$47.4M · 0.12%
First United Corporation MD$43.3M · 0.17%
Forbright Bank MD$33.9M · 0.18%

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Source: U.S. Department of Labor, Form 5500 series, EIN 520623475 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.