Plan Ledger DOL Form 5500 · updated monthly

Mary's Center for Maternal and Child Care Inc.403(b)

MARY'S CENTER 403(B) RETIREMENT PLAN · WASHINGTION, DC · plan year 2024

Reported admin expense ratio · 2024
0.47%

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

Mary's Center for Maternal and Child Care Inc. reported $129,287 in plan administrative expenses for 2024: 0.47% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,029 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 0.53% to 0.47%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 253rd-largest of 618 plans among District of Columbia employers on file, and the 2,833rd of 11,911 in health care & social assistance. In 2024, employees put in $4.22 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$29,268,883
Participants with balances920
Active participants822
Employer contributions$845,602
Employee contributions$3,569,780
Employer contribution per active participant$1,029
Average account balance$31,814
Benefits paid to participants$3,447,874
Plan auditUnmodified (clean) audit opinion
AuditorKEITH LINDAHL CPA PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$29.3M · 920 accts · $846K emplr
2023$25.2M · 904 accts · $814K emplr
2022$20.6M · 873 accts · $737K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$101,862
Investment management$27,425
Total administrative$129,287
Employer contributions to the Mary's Center for Maternal and Child Care Inc. plan · 2024
Employer contribution per active participant$1,029
Median for plans this size$2,416
2024$1,029 per active participant
2023$988 per active participant
2022$864 per active participant

Mary's Center for Maternal and Child Care Inc.'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 · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$101,862
TRUIST ADVISORY SERVICES, INC. · Investment advisory (plan)$27,425
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)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$129,287 · 0.47%
2023$130,086 · 0.57%
2022$112,040 · 0.53%
Same employer
Similar plansHealth Care & Social Assistance · District of Columbia
Sibley Memorial Hospital DC$228.5M · 0.13%
Unity Health Care, Inc. DC$58.0M · 0.31%
Cw Financial Services LLC DC$34.5M · 0.41%
Accion International DC$27.5M · 0.15%
Whitman-Walker Clinic, Inc. DC$25.4M · 0.03%
Academyhealth DC$24.0M · 0.60%
Some, Inc. DC$22.4M · 0.87%

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Source: U.S. Department of Labor, Form 5500 series, EIN 521594116 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.