Plan Ledger DOL Form 5500 · updated monthly

John C. Grimberg Co. Inc.401(k)

JOHN C. GRIMBERG CO. INC. 401(K) RETIREMENT SAVINGS PLAN · ROCKVILLE, MD · plan year 2024

Reported admin expense ratio · 2024
0.04%

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

John C. Grimberg Co. Inc. reported $9,461 in plan administrative expenses for 2024: 0.04% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,941 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 0.03% to 0.04%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other construction employers. By assets it is the 601st-largest of 1,671 plans among Maryland employers on file, and the 1,874th of 5,337 in construction. In 2024, employees put in $3.79 for every $1.00 the employer contributed; active participation has shrunk from 129 to 116 since 2022.

Plan summary
Net assets, end of year$22,264,164
Participants with balances127
Active participants116
Employer contributions$225,132
Employee contributions$854,124
Employer contribution per active participant$1,941
Average account balance$175,308
Benefits paid to participants$1,633,841
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$22.3M · 127 accts · $225K emplr
2023$20.4M · 135 accts · $229K emplr
2022$17.3M · 137 accts · $224K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$9,461
Total administrative$9,461
The John C. Grimberg Co. Inc. 401(k) match · 2024
Employer contribution per active participant$1,941
Median for plans this size$2,416
2024$1,941 per active participant
2023$1,773 per active participant
2022$1,740 per active participant

John C. Grimberg Co. Inc.'s 2024 employer contribution ran below the $2,416 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 · 20244
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$9,460
S B H U LIFE AGENCY INC · Other servicesindirect comp
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp
WILSHIRE ADVISORS LLC · Investment advisory (plan)indirect 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$9,461 · 0.04%
2023$9,797 · 0.05%
2022$5,871 · 0.03%
Same employer
Similar plansConstruction · Maryland
Morgan-Keller, Inc. MD$22.5M · 0.32%
Case Design/Remodeling,Inc. MD$22.1M · 0.49%
Buch Construction, Inc. MD$21.5M · 0.41%

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Source: U.S. Department of Labor, Form 5500 series, EIN 520655642 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.