Plan Ledger DOL Form 5500 · updated monthly

Offit Kurman, P.A.401(k)

OFFIT KURMAN, P.A. 401(K) PROFIT SHARING PLAN · BETHESDA, MD · plan year 2024

Reported admin expense ratio · 2024
0.10%

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

Offit Kurman, P.A. reported $79,558 in plan administrative expenses for 2024: 0.10% of average plan assets, below the peer median. Employer contributions averaged $2,232 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 0.13% to 0.10%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other professional & technical services employers. By assets it is the 195th-largest of 1,671 plans among Maryland employers on file, and the 1,720th of 11,654 in professional & technical services. In 2024, employees put in $5.39 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$86,862,213
Participants with balances674
Active participants524
Employer contributions$1,169,482
Employee contributions$6,300,294
Employer contribution per active participant$2,232
Average account balance$128,876
Benefits paid to participants$14,245,485
Plan auditUnmodified (clean) audit opinion
AuditorBENEFIT AUDIT GROUP LLC
Plan history3
Yearassets · accounts · employer contribution
2024$86.9M · 674 accts · $1.2M emplr
2023$80.1M · 678 accts · $1.3M emplr
2022$68.8M · 616 accts · $965K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$28,916
Investment management$34,756
Audit (IQPA)$10,400
Total administrative$79,558
The Offit Kurman, P.A. 401(k) match · 2024
Employer contribution per active participant$2,232
Median for plans this size$3,635
2024$2,232 per active participant
2023$2,197 per active participant
2022$1,923 per active participant

Offit Kurman, P.A.'s 2024 employer contribution ran below the $3,635 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 · 20244
KESTRA INVESTMENT SERVICES LLC · Investment advisory (plan)$34,756
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$28,916
BENEFIT AUDIT GROUP, LLC · Accounting / audit$10,400
JUNO FINANCIAL GROUP · Investment advisory (plan)$5,486

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$79,558 · 0.10%
2023$139,154 · 0.19%
2022$95,455 · 0.13%
Same employer
Similar plansProfessional & Technical Services · Maryland
The Mil Corporation MD$90.8M · 0.12%
Survice Engineering Company MD$89.8M · 0.06%
Inovex Information Systems MD$89.6M · 0.21%
Advarra, Inc. MD$87.0M · 0.13%
Macrogenics MD$84.0M · 0.14%

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Source: U.S. Department of Labor, Form 5500 series, EIN 521518021 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.