Plan Ledger DOL Form 5500 · updated monthly

Great Outdoor Cottages, LLC401(k)

GREAT OUTDOOR COTTAGES, LLC 401(K) PLAN · OCEAN CITY, MD · plan year 2024

Reported admin expense ratio · 2024
0.64%

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

Great Outdoor Cottages, LLC reported $6,731 in plan administrative expenses for 2024: 0.64% of average plan assets, above the peer median. Employer contributions averaged $2,002 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 1 year on file its reported administrative ratio rose from 0.48% to 0.64%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Maryland (1,597th of 1,671), and 13,234th of 13,661 in manufacturing. In 2024, employees put in $1.27 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$1,103,197
Participants with balances78
Active participants77
Employer contributions$154,120
Employee contributions$196,039
Employer contribution per active participant$2,002
Average account balance$14,144
Benefits paid to participants$366,608
Plan auditUnmodified (clean) audit opinion
AuditorFAW, CASSON & CO., LLP
Plan history2
Yearassets · accounts · employer contribution
2024$1.1M · 78 accts · $154K emplr
2023$998K · 187 accts · $211K emplr
Administrative expenses, itemized · 2024
Investment management$6,731
Total administrative$6,731
The Great Outdoor Cottages, LLC 401(k) match · 2024
Employer contribution per active participant$2,002
Median for plans this size$1,313
2024$2,002 per active participant
2023$2,484 per active participant

Great Outdoor Cottages, LLC'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
HUMAN INTEREST ADVISOR LLC · Contract administrator · Investment advisory (plan)$6,731

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

Administrative cost history2
2024$6,731 · 0.64%
2023$3,549 · 0.48%
Similar plansManufacturing · Maryland
Iron World, LLC MD$2.4M · 0.07%
Nimbus Boats USA LLC MD$1.9M · 0.88%
Hadley Farms, Inc. MD$1.9M · 0.97%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 862281902 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.