Plan Ledger DOL Form 5500 · updated monthly

People Encouraging People, Inc.401(k)

PEP, INC. EMPLOYEES' 401(K) PLAN · BALTIMORE, MD · plan year 2024

Reported admin expense ratio · 2024
0.75%

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

People Encouraging People, Inc. reported $59,198 in plan administrative expenses for 2024: 0.75% of average plan assets, above the peer median. Employer contributions averaged $1,607 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 0.70% to 0.75%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Maryland (1,071st of 1,671), and 6,282nd of 11,911 in health care & social assistance. In 2024, employees put in $2.05 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$8,415,008
Participants with balances150
Active participants193
Employer contributions$310,065
Employee contributions$637,155
Employer contribution per active participant$1,607
Average account balance$56,100
Benefits paid to participants$735,172
Plan auditUnmodified (clean) audit opinion
AuditorGO TAX SERVICES, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$8.4M · 150 accts · $310K emplr
2023$7.3M · 131 accts · $216K emplr
2022$5.8M · 131 accts · $227K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$57,715
Investment management$1,483
Total administrative$59,198
The People Encouraging People, Inc. 401(k) match · 2024
Employer contribution per active participant$1,607
Median for plans this size$1,313
2024$1,607 per active participant
2023$1,165 per active participant
2022$1,115 per active participant

People Encouraging People, Inc.'s 2024 employer contribution ran above the $1,313 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 · 20242
JOHN HANCOCK LIFE INSURANCE COMPANY · Recordkeeping · Investment management$2,882
WILSHIRE ASSOCIATES INC(USA) · Investment advisory (participants)$1,483

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$59,198 · 0.75%
2023$49,539 · 0.76%
2022$46,365 · 0.70%
Same employer
Similar plansHealth Care & Social Assistance · Maryland
Compass, Inc. MD$8.5M · 0.04%
Way Station, Inc. MD$8.5M · 0.12%
Cardiac Associates, P.C. MD$8.0M · 0.62%

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Source: U.S. Department of Labor, Form 5500 series, EIN 521168285 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.