Plan Ledger DOL Form 5500 · updated monthly

General German Aged Peoples Home of Baltimore, Inc.401(k)

THE EDENWALD 401(K) RETIREMENT PLAN · TOWSON, MD · plan year 2024

Reported admin expense ratio · 2024
0.54%

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

General German Aged Peoples Home of Baltimore, Inc. reported $43,817 in plan administrative expenses for 2024: 0.54% of average plan assets, above the peer median. Employer contributions averaged $1,673 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 0.49% to 0.54%. 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 (1,055th of 1,671), and 6,167th of 11,911 in health care & social assistance. In 2024, employees put in $1.53 for every $1.00 the employer contributed; active participation has grown from 223 to 264 since 2022.

Plan summary
Net assets, end of year$8,690,023
Participants with balances246
Active participants264
Employer contributions$441,542
Employee contributions$673,693
Employer contribution per active participant$1,673
Average account balance$35,325
Benefits paid to participants$806,307
Plan auditUnmodified (clean) audit opinion
AuditorMCLEAN KOEHLER SPARKS & HAMMOND
Plan history3
Yearassets · accounts · employer contribution
2024$8.7M · 246 accts · $442K emplr
2023$7.5M · 280 accts · $402K emplr
2022$6.5M · 280 accts · $371K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$6,142
Investment management$37,675
Total administrative$43,817
The General German Aged Peoples Home of Baltimore, Inc. 401(k) match · 2024
Employer contribution per active participant$1,673
Median for plans this size$1,313
2024$1,673 per active participant
2023$1,603 per active participant
2022$1,666 per active participant

General German Aged Peoples Home of Baltimore, 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 · 20241
FULTON BANK N.A. · Recordkeeping · Consulting$43,819

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

Recordkeeper by year2
2024FULTON BANK N.A.
2023FULTON BANK N.A.

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Administrative cost history3
2024$43,817 · 0.54%
2023$38,964 · 0.56%
2022$34,086 · 0.49%
Same employer
Similar plansHealth Care & Social Assistance · Maryland
Delfi Diagnostics, Inc. MD$8.8M · 0.38%
Maryland Medicine, P.A. MD$8.7M · 0.12%
Compass, Inc. MD$8.5M · 0.04%
Way Station, Inc. MD$8.5M · 0.12%

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Source: U.S. Department of Labor, Form 5500 series, EIN 520591603 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.