Plan Ledger DOL Form 5500 · updated monthly

Maryland General Hospital, Inc. dba Ummc Midtown Campus401(k)

UNIVERSITY OF MARYLAND MEDICAL CENTER MIDTOWN CAMPUS 401(K) PROFIT SHARING PLAN FOR UNION EMPLOYEES · LINTHICUM, MD · plan year 2023

Reported admin expense ratio · 2023
0.44%

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

Maryland General Hospital, Inc. dba Ummc Midtown Campus reported $27,787 in plan administrative expenses for 2023: 0.44% of average plan assets, below the peer median. Employer contributions averaged $945 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 rose from 0.31% to 0.44%. 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 (1,161st of 1,671), and 6,913th of 11,911 in health care & social assistance. In 2023, the employer put in $1.02 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$6,907,396
Participants with balances433
Active participants369
Employer contributions$348,759
Employee contributions$342,379
Employer contribution per active participant$945
Average account balance$15,952
Benefits paid to participants$620,386
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2023$6.9M · 433 accts · $349K emplr
2022$5.8M · 410 accts · $293K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$1,412
Investment management$10,000
Audit (IQPA)$15,600
Total administrative$27,787
The Maryland General Hospital, Inc. dba Ummc Midtown Campus 401(k) match · 2023
Employer contribution per active participant$945
Median for plans this size$1,308
2023$945 per active participant
2022$856 per active participant

Maryland General Hospital, Inc. dba Ummc Midtown Campus's 2023 employer contribution ran below the $1,308 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.

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 · 20233
CLIFTON LARSON ALLEN LLP · Accounting / audit$14,600
WILMINGTON TRUST NATIONAL ASSOCIATI · Investment advisory (plan)$10,000

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$27,787 · 0.44%
2022$20,554 · 0.31%
Similar plansHealth Care & Social Assistance · Maryland
Maryland Food Bank, Inc. MD$7.0M · 0.00%
Sh Franchising, LLC MD$6.9M · 0.82%
Affiliated Sante Group MD$6.4M · 0.27%

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Source: U.S. Department of Labor, Form 5500 series, EIN 520591667 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.