Plan Ledger DOL Form 5500 · updated monthly

Finch Turf Inc.401(k)

FINCH TURF INC. RETIREMENT SAVINGS PLAN · SYKESVILLE, MD · plan year 2024

Reported admin expense ratio · 2024
0.42%

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

Finch Turf Inc. reported $36,261 in plan administrative expenses for 2024: 0.42% of average plan assets, below the peer median. Employer contributions averaged $3,336 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 0.45% to 0.42%. 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 (1,024th of 1,671), and 2,766th of 5,215 in retail trade. In 2024, employees put in $2.51 for every $1.00 the employer contributed; active participation has grown from 88 to 98 since 2022.

Plan summary
Net assets, end of year$9,374,269
Participants with balances126
Active participants98
Employer contributions$326,944
Employee contributions$819,709
Employer contribution per active participant$3,336
Average account balance$74,399
Benefits paid to participants$963,084
Plan auditUnmodified (clean) audit opinion
AuditorBENEFIT AUDIT GROUP, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$9.4M · 126 accts · $327K emplr
2023$8.1M · 125 accts · $280K emplr
2022$7.2M · 147 accts · $250K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$14,992
Investment management$21,269
Total administrative$36,261
The Finch Turf Inc. 401(k) match · 2024
Employer contribution per active participant$3,336
Median for plans this size$1,313
2024$3,336 per active participant
2023$3,080 per active participant
2022$2,839 per active participant

Finch Turf Inc.'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 · 20242
THE VANGUARD GROUP, INC. · Loan processing · Recordkeeping$14,992
WEALTH ENHANCEMENT ADVISORY SERVICE · Investment advisory (plan)$21,269

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Vanguard
2023Vanguard

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$36,261 · 0.42%
2023$33,260 · 0.44%
2022$35,172 · 0.45%
Similar plansRetail Trade · Maryland
Bray & Scarff, Inc. MD$11.0M · 0.33%
The Frederick Motor Company MD$10.9M · 0.60%
Jim Coleman Toyota, Inc. MD$10.1M · 0.62%
Preston Ford, Inc. MD$8.9M · 0.94%
Ernest Maier, Inc. MD$8.7M · 0.05%

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Source: U.S. Department of Labor, Form 5500 series, EIN 520786796 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.