Plan Ledger DOL Form 5500 · updated monthly

Hendersen-Webb Inc401(k)

HENDERSEN-WEBB, INC. 401(K) RETIREMENT PLAN · COCKEYSVILLE, MD · plan year 2023

Reported admin expense ratio · 2023
0.12%

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

Hendersen-Webb Inc reported $19,414 in plan administrative expenses for 2023: 0.12% of average plan assets, below the peer median. Employer contributions averaged $725 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 fell from 0.18% to 0.11%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other real estate & leasing employers. By assets it is the 728th-largest of 1,671 plans among Maryland employers on file, and the 765th of 2,096 in real estate & leasing. In 2023, employees put in $4.54 for every $1.00 the employer contributed; active participation has grown from 240 to 270 since 2022.

Plan summary
Net assets, end of year$17,123,580
Participants with balances310
Active participants270
Employer contributions$195,828
Employee contributions$889,439
Employer contribution per active participant$725
Average account balance$55,237
Benefits paid to participants$1,965,716
Plan auditUnmodified (clean) audit opinion
AuditorGORFINE, SCHILLER & GARDYN, PA
Plan history3
Yearassets · accounts · employer contribution
2024$16.9M · 340 accts · $231K emplr
2023$17.1M · 310 accts · $196K emplr
2022$15.9M · 276 accts · $181K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$19,414
Total administrative$19,414
The Hendersen-Webb Inc 401(k) match · 2023
Employer contribution per active participant$725
Median for plans this size$2,440
2024$823 per active participant
2023$725 per active participant
2022$756 per active participant

Hendersen-Webb Inc's 2023 employer contribution ran below the $2,440 median for plans its size, in the bottom 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231
LINCOLN NATIONAL CORPORATION · Contract administrator$19,414

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$19,189 · 0.11%
2023$19,414 · 0.12%
2022$31,542 · 0.18%
Same employer
Similar plansReal Estate & Leasing · Maryland
The Time Group, Inc. MD$18.6M · 0.21%
Apartment Services, Inc. MD$18.2M · 0.42%
Grady Management, Inc. MD$18.1M · 0.43%
Polinger Company MD$15.9M · 0.46%

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Source: U.S. Department of Labor, Form 5500 series, EIN 521008297 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.