Plan Ledger DOL Form 5500 · updated monthly

Oak Crest Village, Inc.401(k)

ERICKSON COMMUNITY 401(K) PLAN · CANTONSVILLE, MD · plan year 2024

Reported admin expense ratio · 2024
0.26%

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

Oak Crest Village, Inc. reported $707,910 in plan administrative expenses for 2024: 0.26% of average plan assets, higher than ~90% of peers. Employer contributions averaged $725 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 0.255%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 62nd-largest of 1,671 plans among Maryland employers on file, and the 499th of 11,911 in health care & social assistance. In 2024, employees put in $3.06 for every $1.00 the employer contributed; active participation has grown from 11,212 to 12,374 since 2022.

Plan summary
Net assets, end of year$294,691,306
Participants with balances12,640
Active participants12,374
Employer contributions$8,974,432
Employee contributions$27,435,569
Employer contribution per active participant$725
Average account balance$23,314
Benefits paid to participants$34,541,635
Plan auditUnmodified (clean) audit opinion
AuditorRSM US LLP
Plan history3
Yearassets · accounts · employer contribution
2024$294.7M · 12,640 accts · $9.0M emplr
2023$259.8M · 13,803 accts · $8.6M emplr
2022$215.0M · 13,064 accts · $7.8M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$640,180
Investment management$67,730
Total administrative$707,910
The Oak Crest Village, Inc. 401(k) match · 2024
Employer contribution per active participant$725
Median for plans this size$4,294
2024$725 per active participant
2023$738 per active participant
2022$697 per active participant

Oak Crest Village, Inc.'s 2024 employer contribution ran below the $4,294 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 · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$690,130
CAPFINANCIAL PARTNERS, L · Investment advisory (plan)$66,564
VENABLE LLP · Investment advisory (plan)$1,166

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

Administrative cost history3
2024$707,910 · 0.26%
2023$631,873 · 0.27%
2022$593,414 · 0.26%
Same employer
Similar plansHealth Care & Social Assistance · Maryland
Meritus Medical Center, Inc. MD$397.2M · 0.13%
Frederick Health, Inc. MD$320.9M · 0.24%
Tidalhealth, Inc. MD$276.2M · 0.08%
US Fertility Holdings, LLC MD$179.7M · 0.27%

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Source: U.S. Department of Labor, Form 5500 series, EIN 521874053 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.