Maryland Food Bank, Inc.403(b)
MARYLAND FOOD BANK, INC. 403(B) RETIREMENT PLAN · BALTIMORE, MD · plan year 2023
Peer grade: A · admin costs + employer contributions vs same-size plans · how grading works
Maryland Food Bank, Inc. reported $277 in plan administrative expenses for 2023: 0.00% of average plan assets, lower than ~75% of peers. Employer contributions averaged $3,861 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 0.02% to 0.00%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Maryland (1,147th of 1,671), and 6,867th of 11,911 in health care & social assistance. In 2023, employees put in $1.11 for every $1.00 the employer contributed.
Maryland Food Bank, Inc.'s 2023 employer contribution ran above the $1,308 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.
Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
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Source: U.S. Department of Labor, Form 5500 series, EIN 521135690 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.