Plan Ledger DOL Form 5500 · updated monthly

Hagerstown Goodwill Industries Inc401(k)

HAGERSTOWN GOODWILL INDUSTRIES INC EMPLOYEE 401K RETIREMENT PLAN · HAGERSTOWN, MD · plan year 2024

Reported admin expense ratio · 2024
0.35%

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

Hagerstown Goodwill Industries Inc reported $13,741 in plan administrative expenses for 2024: 0.35% of average plan assets, below the peer median. Employer contributions averaged $1,166 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 0.354%. 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 (1,333rd of 1,671), and 8,320th of 11,911 in health care & social assistance. In 2024, the employer put in $1.41 for every $1.00 employees contributed themselves; active participation has grown from 370 to 407 since 2022.

Plan summary
Net assets, end of year$4,325,667
Participants with balances252
Active participants407
Employer contributions$474,506
Employee contributions$336,337
Employer contribution per active participant$1,166
Average account balance$17,165
Benefits paid to participants$367,020
Plan auditUnmodified (clean) audit opinion
AuditorALBRIGHT CRUMBACKER MOUL & ITELL
Plan history3
Yearassets · accounts · employer contribution
2024$4.3M · 252 accts · $475K emplr
2023$3.4M · 215 accts · $229K emplr
2022$2.8M · 200 accts · $193K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$13,741
Total administrative$13,741
The Hagerstown Goodwill Industries Inc 401(k) match · 2024
Employer contribution per active participant$1,166
Median for plans this size$1,313
2024$1,166 per active participant
2023$585 per active participant
2022$522 per active participant

Hagerstown Goodwill Industries Inc's 2024 employer contribution ran below 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
SMITH ELLIOTT KEARNS & COMPANY, LLC · Contract administrator$10,052
WELLS FARGO CLEARING SERVICES LLCindirect comp

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

Administrative cost history3
2024$13,741 · 0.35%
2023$10,884 · 0.35%
2022$10,915 · 0.35%
Same employer
Similar plansHealth Care & Social Assistance · Maryland
Closup I, Inc. MD$4.7M · 0.75%
Columbia Vantage House MD$4.5M · 0.46%
Thc MD$4.3M · 1.93%
Precision Orthopedics MD$4.2M · 0.04%
Mindoula Health Inc MD$4.2M · 0.51%

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Source: U.S. Department of Labor, Form 5500 series, EIN 520660403 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.