Plan Ledger DOL Form 5500 · updated monthly

Everymind, Inc.401(k)

EVERYMIND 401(K) PLAN · ROCKVILLE, MD · plan year 2024

Reported admin expense ratio · 2024
0.68%

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

Everymind, Inc. reported $48,866 in plan administrative expenses for 2024: 0.68% of average plan assets, above the peer median. Employer contributions averaged $1,627 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 0.59% to 0.68%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Maryland (1,093rd of 1,671), and 6,496th of 11,911 in health care & social assistance. In 2024, employees put in $2.61 for every $1.00 the employer contributed; active participation has grown from 138 to 186 since 2022.

Plan summary
Net assets, end of year$7,912,556
Participants with balances234
Active participants186
Employer contributions$302,647
Employee contributions$789,709
Employer contribution per active participant$1,627
Average account balance$33,814
Benefits paid to participants$617,688
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$7.9M · 234 accts · $303K emplr
2023$6.5M · 206 accts · $253K emplr
2022$5.4M · 156 accts · $172K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$25,784
Investment management$23,082
Total administrative$48,866
The Everymind, Inc. 401(k) match · 2024
Employer contribution per active participant$1,627
Median for plans this size$1,313
2024$1,627 per active participant
2023$1,655 per active participant
2022$1,250 per active participant

Everymind, Inc.'s 2024 employer contribution ran above the $1,313 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
GLOBAL RETIREMENT PARTNERS LLC · Investment advisory (plan)$23,082

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$48,866 · 0.68%
2023$36,672 · 0.62%
2022$33,902 · 0.59%
Same employer
Similar plansHealth Care & Social Assistance · Maryland
Cardiac Associates, P.C. MD$8.0M · 0.62%
Mnr Industries, LLC MD$7.8M · 0.61%

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Source: U.S. Department of Labor, Form 5500 series, EIN 520681147 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.