Plan Ledger DOL Form 5500 · updated monthly

Melwood Horticultural Training Center Inc.401(k)

MELWOOD SERVICE CONTRACT ACT RETIREMENT PLAN · UPPER MARLBORO, MD · plan year 2024

Reported admin expense ratio · 2024
0.44%

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

Melwood Horticultural Training Center Inc. reported $143,309 in plan administrative expenses for 2024: 0.44% of average plan assets, above the peer median. Employer contributions averaged $1,510 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 3 years on file its reported administrative ratio has held roughly steady near 0.445%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other other services employers. By assets it is the 439th-largest of 1,671 plans among Maryland employers on file, and the 646th of 3,341 in other services. In 2024, the employer put in $2.24 for every $1.00 employees contributed themselves; active participation has grown from 762 to 877 since 2022.

Plan summary
Net assets, end of year$33,406,120
Participants with balances1,214
Active participants877
Employer contributions$1,324,432
Employee contributions$590,312
Employer contribution per active participant$1,510
Average account balance$27,517
Benefits paid to participants$2,988,903
Plan auditDisclaimer of opinion
AuditorRSM US LLP
Plan history3
Yearassets · accounts · employer contribution
2024$33.4M · 1,214 accts · $1.3M emplr
2023$31.0M · 1,163 accts · $856K emplr
2022$27.7M · 1,170 accts · $1.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$111,079
Investment management$32,230
Total administrative$143,309
The Melwood Horticultural Training Center Inc. 401(k) match · 2024
Employer contribution per active participant$1,510
Median for plans this size$2,416
2024$1,510 per active participant
2023$1,018 per active participant
2022$1,645 per active participant

Melwood Horticultural Training Center Inc.'s 2024 employer contribution ran below the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
TRANSAMERICA RETIREMENT SOLUTIONS · Claims processing · Recordkeeping$111,079
GALLAGHER FIDUCIARY ADVISORS LLC · Investment advisory (plan)$32,230
NATIONAL FINANCIAL SERVICES · Securities brokerageindirect comp

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

Recordkeeper by year2
2024Transamerica
2023Transamerica

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Administrative cost history3
2024$143,309 · 0.44%
2023$132,975 · 0.45%
2022$135,627 · 0.44%
All plans at this employer2
MELWOOD HORTICULTURAL TRAINING CENTER INC. RETIREMENT PLAN403(b)
MELWOOD SERVICE CONTRACT ACT RETIREMENT PLAN401(k)
Same employer
Similar plansOther Services · Maryland
The Chimes, Inc. MD$38.6M · 0.70%
The Arc Baltimore, Inc. MD$26.0M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 520857690 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.