Plan Ledger DOL Form 5500 · updated monthly

Pain Management Solutions, LLC.401(k)

PAIN MANAGEMENT SOLUTIONS, LLC 401(K) PS PLAN AND TRUST · ANNAPOLIS, MD · plan year 2024

Reported admin expense ratio · 2024
0.58%

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

Pain Management Solutions, LLC. reported $175,966 in plan administrative expenses for 2024: 0.58% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,714 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 0.79% to 0.58%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 440th-largest of 1,671 plans among Maryland employers on file, and the 2,559th of 11,911 in health care & social assistance. In 2024, employees put in $2.72 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$33,395,212
Participants with balances828
Active participants737
Employer contributions$1,262,865
Employee contributions$3,430,125
Employer contribution per active participant$1,714
Average account balance$40,332
Benefits paid to participants$2,044,156
Plan auditUnmodified (clean) audit opinion
AuditorGROSS MENDELSOHN & ASSOCIATES PA
Plan history3
Yearassets · accounts · employer contribution
2024$33.4M · 828 accts · $1.3M emplr
2023$26.9M · 793 accts · $1.3M emplr
2022$20.7M · 825 accts · $858K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$86,669
Investment management$89,297
Total administrative$175,966
The Pain Management Solutions, LLC. 401(k) match · 2024
Employer contribution per active participant$1,714
Median for plans this size$2,416
2024$1,714 per active participant
2023$1,935 per active participant
2022$1,249 per active participant

Pain Management Solutions, LLC.'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
CETERA INVESTMENT ADVISERS LLC · Recordkeeping · Trustee$89,297
ADP, INC. · Loan processing · Recordkeeping$86,669
MESIROW FINANCIAL INVESTMENT MANAGE · Loan processingindirect 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
2024ADP, CETERA INVESTMENT ADVISERS LLC
2023ADP, CETERA INVESTMENT ADVISERS LLC

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Administrative cost history3
2024$175,966 · 0.58%
2023$196,232 · 0.82%
2022$149,239 · 0.79%
Same employer
Similar plansHealth Care & Social Assistance · Maryland
World Relief MD$36.5M · 0.43%

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Source: U.S. Department of Labor, Form 5500 series, EIN 273473237 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.