What are the fees in the Fairland Market , Inc. 401(k) plan?

For plan year 2022, Fairland Market , Inc. reported $960 in plan administrative expenses, or 0.03% of average plan assets — lower than ~75% of peers. Fund-level expense ratios are not included in public filings.

What is the average account balance in the Fairland Market , Inc. 401(k)?

The average participant account balance was $67,891 for plan year 2022, based on 37 accounts.

Fairland Market , Inc.401(k)

Name: Fairland Market , Inc. 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

MCKAY'S EMPLOYEES PROFIT SHARING 401K SAVINGS PLAN · HOLLYWOOD, MD · plan year 2022

Reported admin expense ratio · 2022

0.03%

Fairland Market , Inc. reported $960 in plan administrative expenses for 2022: 0.03% of average plan assets, lower than ~75% of peers. 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Maryland (1,484th of 1,671), and 4,515th of 5,215 in retail trade.

Plan summary
Net assets, end of year$2,511,985
Participants with balances37
Active participants6
Employer contributions—
Employee contributions$73,189
Employer contribution per active participant—
Average account balance$67,891
Benefits paid to participants$397,924
Plan auditUnmodified (clean) audit opinion
AuditorMURPHY & MURPHY

Administrative expenses, itemized · 2022

Recordkeeping & contract admin$960

Total administrative$960

What these fees cost you

Your balance

Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1

2022$960 · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 520888415 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.