Franchise Management Services, Inc.401(k)
FRANCHISE MANAGEMENT SERVICES, INC. 401(K) PROFIT SHARING PLAN · OCEAN CITY, MD · plan year 2024
Peer grade: C · admin costs + employer contributions vs same-size plans · how grading works
Franchise Management Services, Inc. reported $80,672 in plan administrative expenses for 2024: 0.71% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,480 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 0.71%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other accommodation & food services employers. By assets it is among the smaller plans on file in Maryland (860th of 1,671), and the 465th of 2,240 in accommodation & food services. In 2024, employees put in $1.79 for every $1.00 the employer contributed; active participation has grown from 295 to 341 since 2022.
Franchise Management Services, Inc.'s 2024 employer contribution ran below the $2,416 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.
Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
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Source: U.S. Department of Labor, Form 5500 series, EIN 522329836 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.