Plan Ledger DOL Form 5500 · updated monthly

Edgewood Management Corporation401(k)

EDGEWOOD MANAGEMENT CORPORATION RETIREMENT PLAN · GAITHERSBURG, MD · plan year 2023

Reported admin expense ratio · 2023
0.41%

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

Edgewood Management Corporation reported $101,688 in plan administrative expenses for 2023: 0.41% of average plan assets, above the peer median. Employer contributions averaged $728 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 0.47% to 0.79%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other real estate & leasing employers. By assets it is the 533rd-largest of 1,671 plans among Maryland employers on file, and the 521st of 2,096 in real estate & leasing. In 2023, employees put in $2.23 for every $1.00 the employer contributed; active participation has grown from 78 to 438 since 2022.

Plan summary
Net assets, end of year$25,963,286
Participants with balances416
Active participants438
Employer contributions$318,789
Employee contributions$710,185
Employer contribution per active participant$728
Average account balance$62,412
Benefits paid to participants$12,754,964
Plan auditDisclaimer of opinion
AuditorMULLEN,SONDBERG,WIMBISH & STONE, PA
Plan history3
Yearassets · accounts · employer contribution
2024$22.9M · 357 accts · $502K emplr
2023$26.0M · 416 accts · $319K emplr
2022$23.2M · 129 accts · $392K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$12,417
Audit (IQPA)$15,425
Total administrative$101,688
The Edgewood Management Corporation 401(k) match · 2023
Employer contribution per active participant$728
Median for plans this size$2,440
2024$1,562 per active participant
2023$728 per active participant
2022$5,028 per active participant

Edgewood Management Corporation's 2023 employer contribution ran below the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231
MULLEN, SONDBERG, WIMBUSH & STONE · Accounting / audit$15,425

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$193,048 · 0.79%
2023$101,688 · 0.41%
2022$116,799 · 0.47%
Same employer
Similar plansReal Estate & Leasing · Maryland
Atlantic Tractor, LLC MD$28.9M · 0.37%
Elme Communities MD$28.0M · 0.03%
Realterm US, Inc. MD$24.2M · 0.40%
Dynasplint Systems, Inc. MD$21.0M · 0.24%
Mackenzie Ventures, LLC MD$20.3M · 0.37%

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Source: U.S. Department of Labor, Form 5500 series, EIN 521491854 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.