Plan Ledger DOL Form 5500 · updated monthly

Greater Baden Medical Services401(k)

GREATER BADEN MEDICAL SERVICES 401(K) AND PROFIT SHARING PLAN · BRANDYWINE, MD · plan year 2024

Reported admin expense ratio · 2024
0.60%

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

Greater Baden Medical Services reported $37,496 in plan administrative expenses for 2024: 0.60% of average plan assets, above the peer median. Employer contributions averaged $2,155 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 0.598%. 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 (1,157th of 1,671), and 6,900th of 11,911 in health care & social assistance. In 2024, employees put in $2.34 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$6,939,515
Participants with balances111
Active participants139
Employer contributions$299,578
Employee contributions$699,892
Employer contribution per active participant$2,155
Average account balance$62,518
Benefits paid to participants$645,508
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$6.9M · 111 accts · $300K emplr
2023$5.6M · 119 accts · $285K emplr
2022$4.2M · 113 accts · $285K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$8,752
Investment management$28,744
Total administrative$37,496
The Greater Baden Medical Services 401(k) match · 2024
Employer contribution per active participant$2,155
Median for plans this size$1,313
2024$2,155 per active participant
2023$2,053 per active participant
2022$2,194 per active participant

Greater Baden Medical Services'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 · 20243
MERRILL LYNCH PIERCE FENNER & SMITH · Recordkeeping · Pension consulting$28,744
ADP, INC. · Loan processing · Recordkeeping$8,752
ADP BROKER-DEALER · Other servicesindirect comp

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

Recordkeeper by year2
2024ADP, Bank of America / Merrill
2023ADP, Bank of America / Merrill

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

Administrative cost history3
2024$37,496 · 0.60%
2023$28,931 · 0.59%
2022$26,090 · 0.60%
Same employer
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Maryland Food Bank, Inc. MD$7.0M · 0.00%
Sh Franchising, LLC MD$6.9M · 0.82%

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Source: U.S. Department of Labor, Form 5500 series, EIN 520961414 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.