Plan Ledger DOL Form 5500 · updated monthly

Packaging Services of Maryland, Inc.401(k)

PACKAGING SERVICES OF MARYLAND, INC. 401(K) PLAN · WILLIAMSPORT, MD · plan year 2024

Reported admin expense ratio · 2024
0.55%

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

Packaging Services of Maryland, Inc. reported $96,075 in plan administrative expenses for 2024: 0.55% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,318 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 rose from 0.46% to 0.55%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 704th-largest of 1,671 plans among Maryland employers on file, and the 6,318th of 13,661 in manufacturing. In 2024, employees put in $3.47 for every $1.00 the employer contributed; active participation has shrunk from 252 to 221 since 2022.

Plan summary
Net assets, end of year$18,085,585
Participants with balances236
Active participants221
Employer contributions$291,210
Employee contributions$1,010,929
Employer contribution per active participant$1,318
Average account balance$76,634
Benefits paid to participants$2,183,408
Plan auditUnmodified (clean) audit opinion
AuditorSMITH ELLIOTT KEARNS & COMPANY, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$18.1M · 236 accts · $291K emplr
2023$17.1M · 246 accts · $315K emplr
2022$14.3M · 252 accts · $311K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$96,075
Total administrative$96,075
The Packaging Services of Maryland, Inc. 401(k) match · 2024
Employer contribution per active participant$1,318
Median for plans this size$2,416
2024$1,318 per active participant
2023$1,344 per active participant
2022$1,235 per active participant

Packaging Services of Maryland, 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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$96,075
MML INVESTORS SERVICES LLC · Investment advisory (plan)indirect comp
TRIBRIDGE PARTNERS FINANCIAL LLC · Investment advisory (plan)indirect comp

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$96,075 · 0.55%
2023$84,231 · 0.54%
2022$69,624 · 0.46%
Same employer
Similar plansManufacturing · Maryland
Fil-Tec, Inc. MD$21.2M · 0.11%
Jb Doors Company MD$20.8M · 0.14%
C.R. Daniels, Inc. MD$19.9M · 0.00%
Hbp, Inc MD$17.4M · 0.26%
Hamilton Associates, Inc. MD$17.4M · 0.03%
Fuchs North America, Inc. MD$16.9M · 0.41%

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Source: U.S. Department of Labor, Form 5500 series, EIN 620973198 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.