Plan Ledger DOL Form 5500 · updated monthly

Ernest Maier, Inc.401(k)

ERNEST MAIER, INC. 401(K) PLAN · BLADENSBURG, MD · plan year 2024

Reported admin expense ratio · 2024
0.05%

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

Ernest Maier, Inc. reported $3,725 in plan administrative expenses for 2024: 0.05% of average plan assets, lower than ~75% of peers. Employer contributions averaged $602 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 0.046%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Maryland (1,052nd of 1,671), and 2,887th of 5,215 in retail trade. In 2024, employees put in $3.16 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$8,744,625
Participants with balances197
Active participants318
Employer contributions$191,491
Employee contributions$605,050
Employer contribution per active participant$602
Average account balance$44,389
Benefits paid to participants$275,631
Plan auditUnmodified (clean) audit opinion
AuditorBENEFIT AUDIT GROUP, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$8.7M · 197 accts · $191K emplr
2023$7.4M · 179 accts · $179K emplr
2022$5.9M · 207 accts · $173K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$3,725
Total administrative$3,725
The Ernest Maier, Inc. 401(k) match · 2024
Employer contribution per active participant$602
Median for plans this size$1,313
2024$602 per active participant
2023$616 per active participant
2022$595 per active participant

Ernest Maier, 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 · 20243
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$3,725
NATIONAL FINANCIAL SERVICES LLCindirect comp
LPL FINANCIAL LLCindirect 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$3,725 · 0.05%
2023$4,425 · 0.07%
2022$3,106 · 0.05%
Same employer
Similar plansRetail Trade · Maryland
Finch Turf Inc. MD$9.4M · 0.42%
Preston Ford, Inc. MD$8.9M · 0.94%
Timbrook Automotive, Inc. MD$8.0M · 0.77%
Jerrys Chevrolet, Inc. MD$7.8M · 0.24%

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Source: U.S. Department of Labor, Form 5500 series, EIN 520398821 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.