Plan Ledger DOL Form 5500 · updated monthly

Klein's Shoprite of Maryland401(k)

KLEINS SHOPRITE OF MARYLAND 401(K) PROFIT SHARING PLAN · FOREST HILL, MD · plan year 2024

Reported admin expense ratio · 2024
0.48%

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

Klein's Shoprite of Maryland reported $147,667 in plan administrative expenses for 2024: 0.48% of average plan assets, higher than ~75% of peers. Employer contributions averaged $743 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 0.31% to 0.48%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is the 448th-largest of 1,671 plans among Maryland employers on file, and the 971st of 5,215 in retail trade. In 2024, employees put in $2.89 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$32,216,393
Participants with balances700
Active participants701
Employer contributions$520,887
Employee contributions$1,503,348
Employer contribution per active participant$743
Average account balance$46,023
Benefits paid to participants$3,032,758
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$32.2M · 700 accts · $521K emplr
2023$29.6M · 723 accts · $436K emplr
2022$26.5M · 691 accts · $498K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$96,392
Investment management$51,275
Total administrative$147,667
The Klein's Shoprite of Maryland 401(k) match · 2024
Employer contribution per active participant$743
Median for plans this size$2,416
2024$743 per active participant
2023$635 per active participant
2022$749 per active participant

Klein's Shoprite of Maryland's 2024 employer contribution ran below the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
TRANSAMERICA RETIREMENT SOLUTIONS · Recordkeeping · Loan processing$96,392
MORGAN STANLEY · Consulting · Investment advisory (plan)$51,275

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

Recordkeeper by year2
2024Transamerica
2023Transamerica

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Administrative cost history3
2024$147,667 · 0.48%
2023$103,035 · 0.37%
2022$94,068 · 0.31%
Same employer
Similar plansRetail Trade · Maryland
George R. Norris LLC MD$37.6M · 0.32%
Fila U.S.A., Inc. MD$36.5M · 0.02%
The Pete Store, LLC MD$35.6M · 0.26%
Two Farms Inc. MD$32.7M · 0.35%
Criswell Chevrolet Inc. MD$29.1M · 0.50%
Moi, Inc. MD$28.1M · 0.34%
Ourisman Chevrolet Co. Inc. MD$27.0M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 521148138 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.