Plan Ledger DOL Form 5500 · updated monthly

Maryland Food Bank, Inc.401(k)

MARYLAND FOOD BANK 401(K) RETIREMENT PLAN · BALTIMORE, MD · plan year 2024

Employer contribution per participant · 2024
$1,004

Maryland Food Bank, Inc.'s 2024 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $2,881,642 across 150 participant accounts, with employer contributions averaging $1,004 per active participant. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Maryland (1,457th of 1,671), and 9,347th of 11,911 in health care & social assistance. In 2024, employees put in $1.10 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$2,881,642
Participants with balances150
Active participants158
Employer contributions$158,619
Employee contributions$174,632
Employer contribution per active participant$1,004
Average account balance$19,211
The Maryland Food Bank, Inc. 401(k) match · 2024
Employer contribution per active participant$1,004
Median for plans this size$1,313

Maryland Food Bank, Inc.'s 2024 employer contribution ran below the $1,313 median for plans its size. 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.

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Source: U.S. Department of Labor, Form 5500 series, EIN 521125690 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.