Plan Ledger DOL Form 5500 · updated monthly

Mariner Finance LLC401(k)

MARINER FINANCE LLC 401K PLAN · BALTIMORE, MD · plan year 2024

Reported admin expense ratio · 2024
0.30%

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

Mariner Finance LLC reported $302,966 in plan administrative expenses for 2024: 0.30% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,985 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 0.36% to 0.30%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other finance & insurance employers. By assets it is the 153rd-largest of 1,671 plans among Maryland employers on file, and the 916th of 4,798 in finance & insurance. In 2024, employees put in $1.73 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$112,692,960
Participants with balances2,770
Active participants2,269
Employer contributions$4,503,854
Employee contributions$7,812,672
Employer contribution per active participant$1,985
Average account balance$40,683
Benefits paid to participants$9,485,180
Plan auditUnmodified (clean) audit opinion
AuditorRSM US LLP
Plan history3
Yearassets · accounts · employer contribution
2024$112.7M · 2,770 accts · $4.5M emplr
2023$92.0M · 2,608 accts · $4.1M emplr
2022$75.0M · 2,545 accts · $4.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$255,466
Investment management$47,500
Total administrative$302,966
The Mariner Finance LLC 401(k) match · 2024
Employer contribution per active participant$1,985
Median for plans this size$3,635
2024$1,985 per active participant
2023$1,917 per active participant
2022$1,919 per active participant

Mariner Finance LLC's 2024 employer contribution ran below the $3,635 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 · 20243
TRANSAMERICA RETIREMENT SOLUTIONS · Claims processing · Recordkeeping$255,466
FIRST HORIZON ADVISORS, INC. · Consulting$47,500
NATIONAL FINANCIAL SERVICES · Securities brokerageindirect comp

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

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

Administrative cost history3
2024$302,966 · 0.30%
2023$309,468 · 0.37%
2022$283,323 · 0.36%
Same employer
Similar plansFinance & Insurance · Maryland
Sandy Spring Bancorp, Inc MD$227.8M · 0.08%
Secu Credit Union MD$116.8M · 0.21%
Tower Federal Credit Union MD$110.1M · 0.13%
Ullico Inc. MD$104.3M · 0.05%
Campbell & Company, LP MD$95.2M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 030433977 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.