Plan Ledger DOL Form 5500 · updated monthly

Plamondon Enterprises, Inc.401(k)

PLAMONDON ENTERPRISES, INC. PROFIT SHARING THRIFT PLAN · FREDERICK, MD · plan year 2024

Reported admin expense ratio · 2024
0.75%

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

Plamondon Enterprises, Inc. reported $44,420 in plan administrative expenses for 2024: 0.75% of average plan assets, above the peer median. Employer contributions averaged $294 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 3 years on file its reported administrative ratio has held roughly steady near 0.75%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other accommodation & food services employers. By assets it is among the smaller plans on file in Maryland (1,198th of 1,671), and the 791st of 2,240 in accommodation & food services. In 2024, employees put in $3.78 for every $1.00 the employer contributed; active participation has grown from 392 to 436 since 2022.

Plan summary
Net assets, end of year$6,066,666
Participants with balances188
Active participants436
Employer contributions$128,253
Employee contributions$484,627
Employer contribution per active participant$294
Average account balance$32,270
Benefits paid to participants$1,050,173
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$6.1M · 188 accts · $128K emplr
2023$5.8M · 204 accts · $125K emplr
2022$5.1M · 205 accts · $127K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$29,466
Investment management$14,954
Total administrative$44,420
The Plamondon Enterprises, Inc. 401(k) match · 2024
Employer contribution per active participant$294
Median for plans this size$1,313
2024$294 per active participant
2023$304 per active participant
2022$325 per active participant

Plamondon Enterprises, Inc.'s 2024 employer contribution ran below the $1,313 median for plans its size, in the bottom quarter of its peers. 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
ADP, INC. · Loan processing · Recordkeeping$29,465
KESTRA ADVISORY SERVICES · Recordkeeping · Trustee$14,954

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, KESTRA ADVISORY SERVICES
2023ADP, KESTRA ADVISORY SERVICES

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Administrative cost history3
2024$44,420 · 0.75%
2023$46,449 · 0.85%
2022$45,629 · 0.77%
Same employer
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Susan Gage Caterer, Inc. MD$9.4M · 0.50%
Martins, Inc. MD$8.3M · 0.03%
Chesapeake Hospitality MD$7.8M · 0.59%
Janjer Enterprises, Inc. MD$7.1M · 1.61%
Hospitality Partners, LLC MD$5.9M · 0.32%
Rod N Reel, Inc. MD$5.8M · 0.41%

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Source: U.S. Department of Labor, Form 5500 series, EIN 521170787 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.