Plan Ledger DOL Form 5500 · updated monthly

Penn-Mar Organization, Inc. dba Penn-Mar Human Services403(b)

403B THRIFT PLAN FOR PENN-MAR ORGANIZATION INC. DBA PENN-MAR HUMAN SERVICES · FREELAND, MD · plan year 2024

Reported admin expense ratio · 2024
0.74%

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

Penn-Mar Organization, Inc. dba Penn-Mar Human Services reported $130,966 in plan administrative expenses for 2024: 0.74% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,333 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 0.34% to 0.74%. 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 672nd-largest of 1,671 plans among Maryland employers on file, and the 3,820th of 11,911 in health care & social assistance. In 2024, employees put in $1.54 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$19,058,634
Participants with balances332
Active participants579
Employer contributions$771,903
Employee contributions$1,190,242
Employer contribution per active participant$1,333
Average account balance$57,406
Benefits paid to participants$1,285,071
Plan auditUnmodified (clean) audit opinion
AuditorGRANDIZIO,WILKINS,LITTLE & MATTHEWS
Plan history3
Yearassets · accounts · employer contribution
2024$19.1M · 332 accts · $772K emplr
2023$16.3M · 294 accts · $689K emplr
2022$12.8M · 295 accts · $323K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$97,047
Investment management$33,919
Total administrative$130,966
Employer contributions to the Penn-Mar Organization, Inc. dba Penn-Mar Human Services plan · 2024
Employer contribution per active participant$1,333
Median for plans this size$2,416
2024$1,333 per active participant
2023$1,198 per active participant
2022$585 per active participant

Penn-Mar Organization, Inc. dba Penn-Mar Human Services'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$88,121
GREENSPRING ADVISORS · Investment advisory (plan)$33,924
ORENDA RETIREMENT , LLC · Contract administrator · Other services$8,925

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$130,966 · 0.74%
2023$94,860 · 0.65%
2022$41,668 · 0.34%
Same employer
Similar plansHealth Care & Social Assistance · Maryland
Essential Brands, Inc. MD$19.5M · 0.33%
Montgomery Hospice MD$18.9M · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 521207942 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.