Plan Ledger DOL Form 5500 · updated monthly

Hamilton Associates, Inc.401(k)

HAMILTON ASSOCIATES, INC. 401(K) PLAN · OWINGS MILLS, MD · plan year 2024

Reported admin expense ratio · 2024
0.03%

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

Hamilton Associates, Inc. reported $4,471 in plan administrative expenses for 2024: 0.03% of average plan assets, lower than ~75% of peers. Employer contributions averaged $5,349 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 0.01% to 0.03%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 724th-largest of 1,671 plans among Maryland employers on file, and the 6,485th of 13,661 in manufacturing. In 2024, employees put in $1.59 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$17,361,874
Participants with balances120
Active participants91
Employer contributions$486,788
Employee contributions$772,642
Employer contribution per active participant$5,349
Average account balance$144,682
Benefits paid to participants$1,956,960
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$17.4M · 120 accts · $487K emplr
2023$15.6M · 131 accts · $481K emplr
2022$12.3M · 126 accts · $470K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$4,471
Total administrative$4,471
The Hamilton Associates, Inc. 401(k) match · 2024
Employer contribution per active participant$5,349
Median for plans this size$2,416
2024$5,349 per active participant
2023$5,116 per active participant
2022$4,951 per active participant

Hamilton Associates, Inc.'s 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top quarter of its peers. 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
AMERITAS LIFE INSURANCE CORPORATION · Recordkeeping$4,471

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

Recordkeeper by year2
2024Ameritas
2023Ameritas

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Administrative cost history3
2024$4,471 · 0.03%
2023$1,325 · 0.01%
2022$1,022 · 0.01%
Similar plansManufacturing · Maryland
Jb Doors Company MD$20.8M · 0.14%
C.R. Daniels, Inc. MD$19.9M · 0.00%
Hbp, Inc MD$17.4M · 0.26%
Fuchs North America, Inc. MD$16.9M · 0.41%
Seakeeper, Inc. MD$16.0M · 0.78%

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Source: U.S. Department of Labor, Form 5500 series, EIN 520666738 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.