Plan Ledger DOL Form 5500 · updated monthly

Grove Resource Solutions, Inc.401(k)

GRSI 401(K) PLAN · BETHESDA, MD · plan year 2022

Reported admin expense ratio · 2022
0.04%

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

Grove Resource Solutions, Inc. reported $11,219 in plan administrative expenses for 2022: 0.04% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,546 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.

The plan sits in the $10M–$50M size bracket, benchmarked here against 26,806 comparable plans and shown alongside other professional & technical services employers. By assets it is the 539th-largest of 1,671 plans among Maryland employers on file, and the 4,647th of 11,654 in professional & technical services. In 2022, employees put in $3.22 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$25,828,148
Participants with balances608
Active participants696
Employer contributions$1,076,237
Employee contributions$3,467,387
Employer contribution per active participant$1,546
Average account balance$42,481
Benefits paid to participants$2,252,917
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2023$0 · $1.1M emplr
2022$25.8M · 608 accts · $1.1M emplr
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$11,219
Total administrative$11,219
The Grove Resource Solutions, Inc. 401(k) match · 2022
Employer contribution per active participant$1,546
Median for plans this size$2,266

Grove Resource Solutions, Inc.'s 2022 employer contribution ran below the $2,266 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history2
2023Not separately reported
2022$11,219 · 0.04%
Same employer
Similar plansProfessional & Technical Services · Maryland
Sonatype, Inc. MD$25.9M · 0.41%
Computer Packages Inc. MD$25.9M · 0.00%
Clarity Innovations, LLC MD$25.6M · 0.15%
Toole Design Group LLC MD$25.6M · 0.39%
Getwellnetwork, Inc. MD$25.3M · 0.18%
Planet Technologies, Inc. MD$25.0M · 0.35%

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Source: U.S. Department of Labor, Form 5500 series, EIN 522247327 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.