Plan Ledger DOL Form 5500 · updated monthly

Metro Montessori LLC401(k)

METRO 401(K) PLAN · ROCKVILLE, MD · plan year 2024

Reported admin expense ratio · 2024
1.14%

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

Metro Montessori LLC reported $10,360 in plan administrative expenses for 2024: 1.14% of average plan assets, above the peer median. Employer contributions averaged $4 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 2 years on file its reported administrative ratio fell from 1.68% to 1.14%. The plan sits in the under $1M size bracket, benchmarked here against 1,109 comparable plans and shown alongside other educational services employers. By assets it is among the smaller plans on file in Maryland (1,602nd of 1,671), and 2,980th of 3,091 in educational services. In 2024, employees put in $326.61 for every $1.00 the employer contributed; active participation has grown from 120 to 139 since 2022.

Plan summary
Net assets, end of year$992,545
Participants with balances102
Active participants139
Employer contributions$493
Employee contributions$161,020
Employer contribution per active participant$4
Average account balance$9,731
Benefits paid to participants$86,955
Plan auditUnmodified (clean) audit opinion
AuditorGROSSBERG COMPANY, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$993K · 102 accts · $493 emplr
2023$821K · 92 accts
2022$650K · 103 accts
Administrative expenses, itemized · 2024
Audit (IQPA)$10,360
Total administrative$10,360
The Metro Montessori LLC 401(k) match · 2024
Employer contribution per active participant$4
Median for plans this size$540

Metro Montessori LLC's 2024 employer contribution ran below the $540 median for plans its size, in the bottom 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20241
ADP, INC · Recordkeeping · Loan processing$10,360

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

Recordkeeper by year2
2024ADP
2023John Hancock

This plan has changed recordkeepers within these filings. If you left Metro Montessori LLC before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$10,360 · 1.14%
2023$7,638 · 1.04%
2022$11,073 · 1.68%
Same employer
Similar plansEducational Services · Maryland
Celebree Learning Centers MD$2.7M · 0.81%
Northbay Education, Inc. MD$1.1M · 0.09%
Saint Colman's Home, Inc. NY$1.0M · 0.95%
Faith Christian Academy PA$1.0M · 1.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 203463359 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.