Plan Ledger DOL Form 5500 · updated monthly

Pharmaron, Inc.401(k)

PHARMARON INC 401(K) PROFIT SHARING PLAN AND TRUST · BALTIMORE, MD · plan year 2024

Reported admin expense ratio · 2024
0.33%

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

Pharmaron, Inc. reported $168,679 in plan administrative expenses for 2024: 0.33% of average plan assets, higher than ~75% of peers. Employer contributions averaged $3,464 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 0.39% to 0.33%. 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 292nd-largest of 1,671 plans among Maryland employers on file, and the 2,448th of 11,654 in professional & technical services. In 2024, employees put in $2.91 for every $1.00 the employer contributed; active participation has grown from 621 to 741 since 2022.

Plan summary
Net assets, end of year$57,678,495
Participants with balances911
Active participants741
Employer contributions$2,566,749
Employee contributions$7,460,524
Employer contribution per active participant$3,464
Average account balance$63,313
Benefits paid to participants$5,158,525
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$57.7M · 911 accts · $2.6M emplr
2023$43.9M · 856 accts · $2.3M emplr
2022$29.5M · 753 accts · $1.6M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$97,102
Investment management$71,577
Total administrative$168,679
The Pharmaron, Inc. 401(k) match · 2024
Employer contribution per active participant$3,464
Median for plans this size$3,635
2024$3,464 per active participant
2023$3,299 per active participant
2022$2,649 per active participant

Pharmaron, Inc.'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 · 20243
ADP, INC. · Loan processing · Recordkeeping$97,102
ROBERT W BAIRD CO INCORPORATED · Recordkeeping · Trustee$71,577
ADP BROKER-DEALERindirect 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, ROBERT W BAIRD CO INCORPORATED
2023ADP, ROBERT W BAIRD CO INCORPORATED

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

Administrative cost history3
2024$168,679 · 0.33%
2023$147,533 · 0.40%
2022$112,879 · 0.39%
Similar plansProfessional & Technical Services · Maryland
Gordon Feinblatt LLC MD$58.6M · 0.33%
Engineering Solutions, Inc. MD$58.5M · 0.14%
Engineering Solutions, Inc. MD$58.5M · 0.14%
Dcca MD$56.0M · 0.00%
Bolton Partners, Inc. MD$55.2M · 0.02%
I.M. Systems Group, Inc. MD$52.6M · 0.31%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 208419781 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.