Plan Ledger DOL Form 5500 · updated monthly

Maryland Emergency Medicine Network, Inc.401(k)

MARYLAND EMERGENCY MEDICINE NETWORK 401(K) PROFIT SHARING PLAN AND TRUST · BALTIMORE, MD · plan year 2023

Reported admin expense ratio · 2023
0.10%

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

Maryland Emergency Medicine Network, Inc. reported $54,122 in plan administrative expenses for 2023: 0.10% of average plan assets, below the peer median. Employer contributions averaged $12,388 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 0.11% to 0.10%. The plan sits in the $50M–$250M size bracket, benchmarked here against 9,317 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 283rd-largest of 1,671 plans among Maryland employers on file, and the 1,588th of 11,911 in health care & social assistance. In 2023, employees put in $1.18 for every $1.00 the employer contributed; active participation has shrunk from 200 to 163 since 2022.

Plan summary
Net assets, end of year$60,983,354
Participants with balances231
Active participants163
Employer contributions$2,019,317
Employee contributions$2,378,132
Employer contribution per active participant$12,388
Average account balance$263,997
Benefits paid to participants$3,120,908
Plan auditUnmodified (clean) audit opinion
AuditorRSM US LLP
Plan history3
Yearassets · accounts · employer contribution
2024$0 · $1.6M emplr
2023$61.0M · 231 accts · $2.0M emplr
2022$50.2M · 248 accts · $2.1M emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$16,851
Investment management$37,271
Total administrative$54,122
The Maryland Emergency Medicine Network, Inc. 401(k) match · 2023
Employer contribution per active participant$12,388
Median for plans this size$3,659
2023$12,388 per active participant
2022$10,561 per active participant

Maryland Emergency Medicine Network, Inc.'s 2023 employer contribution ran above the $3,659 median for plans its size, placing it in the top 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
GALLAGHER FIDUCIARY ADVISORS LLC · Investment advisory (plan)$37,271
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$16,851

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

Administrative cost history3
2024Not separately reported
2023$54,122 · 0.10%
2022$62,043 · 0.11%
Same employer
Similar plansHealth Care & Social Assistance · Maryland
Qlarant, Inc. MD$60.4M · 0.00%
Service Coordination, Inc. MD$46.7M · 0.28%

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Source: U.S. Department of Labor, Form 5500 series, EIN 450519724 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.