Plan Ledger DOL Form 5500 · updated monthly

Environmental Quality Resources, LLC401(k)

ENVIRONMENTAL QUALITY RESOURCES, LLC PROFIT SHARING PLAN · GAMBRILLS, MD · plan year 2024

Reported admin expense ratio · 2024
0.49%

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

Environmental Quality Resources, LLC reported $35,746 in plan administrative expenses for 2024: 0.49% of average plan assets, below the peer median. Employer contributions averaged $3,052 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 0.89% to 0.49%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in Maryland (1,084th of 1,671), and 3,376th of 5,337 in construction. In 2024, the employer put in $1.09 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$8,072,197
Participants with balances276
Active participants193
Employer contributions$589,005
Employee contributions$539,048
Employer contribution per active participant$3,052
Average account balance$29,247
Benefits paid to participants$570,873
Plan auditUnmodified (clean) audit opinion
AuditorCOHENREZNICK LLP
Plan history3
Yearassets · accounts · employer contribution
2024$8.1M · 276 accts · $589K emplr
2023$6.5M · 271 accts · $476K emplr
2022$5.5M · 336 accts · $238K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$35,746
Total administrative$35,746
The Environmental Quality Resources, LLC 401(k) match · 2024
Employer contribution per active participant$3,052
Median for plans this size$1,313
2024$3,052 per active participant
2023$2,703 per active participant
2022$1,328 per active participant

Environmental Quality Resources, LLC's 2024 employer contribution ran above the $1,313 median for plans its size, placing it in the top 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 · 20244
JOHN HANCOCK LIFE INSURANCE COMPANY · Recordkeeping · Investment management$250
GLOBAL RETIREMENT PARTNERS, LL · Investment advisory (plan)$13,548
CORNERSTONE RETIREMENT PLAN ADMN · Contract administrator$12,570
GLOBAL RETIREMENT PARTNERS, LL · Investment advisory (participants)$3,337

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

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Administrative cost history3
2024$35,746 · 0.49%
2023$63,841 · 1.06%
2022$53,621 · 0.89%
Same employer
Similar plansConstruction · Maryland
Nlp Enterprises Inc. MD$8.5M · 0.57%
Keller Brothers, Inc. MD$7.9M · 0.07%
Ellsworth Electric, Inc. MD$7.7M · 0.50%

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Source: U.S. Department of Labor, Form 5500 series, EIN 522145482 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.