Plan Ledger DOL Form 5500 · updated monthly

John Marshall Bank401(k)

JOHN MARSHALL BANK 401(K) PLAN · RESTON, VA · plan year 2024

Reported admin expense ratio · 2024
0.33%

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

John Marshall Bank reported $45,329 in plan administrative expenses for 2024: 0.33% of average plan assets, above the peer median. Employer contributions averaged $3,447 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 0.33%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is among the smaller plans on file in Virginia (1,207th of 2,266), and 3,528th of 4,798 in finance & insurance. In 2024, employees put in $2.55 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$14,665,617
Participants with balances146
Active participants130
Employer contributions$448,169
Employee contributions$1,144,518
Employer contribution per active participant$3,447
Average account balance$100,449
Benefits paid to participants$1,912,780
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$14.7M · 146 accts · $448K emplr
2023$12.8M · 157 accts · $662K emplr
2022$11.6M · 159 accts · $664K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$13,126
Investment management$32,203
Total administrative$45,329
The John Marshall Bank 401(k) match · 2024
Employer contribution per active participant$3,447
Median for plans this size$2,416
2024$3,447 per active participant
2023$4,977 per active participant
2022$5,145 per active participant

John Marshall Bank's 2024 employer contribution ran above 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 · 20242
JOHN HANCOCK RETIREMENT PLAN SVCS · Recordkeeping · Loan processing$13,126
GLOBAL RETIREMENT PARTNERS LLC · Investment advisory (plan)$32,203

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$45,329 · 0.33%
2023$44,609 · 0.37%
2022$43,344 · 0.34%
Same employer
Similar plansFinance & Insurance · Virginia
New Peoples Bank, Inc. VA$16.1M · 0.50%
Spectra Credit Union VA$15.8M · 0.55%
Alcova Mortgage LLC VA$15.8M · 0.68%
Intercoastal Mortgage, LLC VA$14.9M · 0.45%
Hamilton U.S. Services LLC VA$13.7M · 0.13%
Fvcbank VA$13.3M · 0.46%

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Source: U.S. Department of Labor, Form 5500 series, EIN 743125891 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.