Plan Ledger DOL Form 5500 · updated monthly

Mark/Trece, Inc.401(k)

MARK/TRECE, INC. 401(K) PLAN · JOPPA, MD · plan year 2023

Reported admin expense ratio · 2023
0.26%

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

Mark/Trece, Inc. reported $27,355 in plan administrative expenses for 2023: 0.26% of average plan assets, below the peer median. Employer contributions averaged $737 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 1 year on file its reported administrative ratio fell from 0.51% to 0.26%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Maryland (913th of 1,671), and 8,126th of 13,661 in manufacturing. In 2023, employees put in $4.16 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$11,666,942
Participants with balances212
Active participants171
Employer contributions$126,021
Employee contributions$523,987
Employer contribution per active participant$737
Average account balance$55,033
Benefits paid to participants$309,882
Plan auditUnmodified (clean) audit opinion
AuditorGORFINE SCHILLER & GARDYN PA
Plan history2
Yearassets · accounts · employer contribution
2023$11.7M · 212 accts · $126K emplr
2022$9.6M · 215 accts · $116K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$2,200
Investment management$25,155
Total administrative$27,355
The Mark/Trece, Inc. 401(k) match · 2023
Employer contribution per active participant$737
Median for plans this size$2,440
2023$737 per active participant
2022$697 per active participant

Mark/Trece, 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 · 20232
ASSET MANAGEMENT SERVICES, INC. · Recordkeeping · Trustee$25,154
ADP, INC. · Loan processing · Recordkeeping$2,200

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

Administrative cost history2
2023$27,355 · 0.26%
2022$53,601 · 0.51%
Same employer
Similar plansManufacturing · Maryland
Novatec, Inc. MD$12.5M · 0.85%
Standard Fusee Corporation MD$11.9M · 0.02%
The Whalen Company MD$11.7M · 0.39%
Pompeian, Inc. MD$11.6M · 0.96%
Aw Industries, Inc. MD$11.4M · 0.10%
Douron, Inc. MD$10.4M · 0.72%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 520782923 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.