Plan Ledger DOL Form 5500 · updated monthly

Planit Advertising, Inc.401(k)

PLANIT 401(K) RETIREMENT PLAN · BALTIMORE, MD · plan year 2024

Reported admin expense ratio · 2024
0.66%

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

Planit Advertising, Inc. reported $55,980 in plan administrative expenses for 2024: 0.66% of average plan assets, above the peer median. Employer contributions averaged $1,834 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 0.56% to 0.66%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Maryland (1,016th of 1,671), and 8,146th of 11,654 in professional & technical services. In 2024, employees put in $4.24 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$9,516,829
Participants with balances187
Active participants85
Employer contributions$155,851
Employee contributions$660,723
Employer contribution per active participant$1,834
Average account balance$50,892
Benefits paid to participants$145,176
Plan auditDisclaimer of opinion
AuditorLONG & ASSOCIATES PC
Plan history3
Yearassets · accounts · employer contribution
2024$9.5M · 187 accts · $156K emplr
2023$7.4M · 188 accts · $136K emplr
2022$5.7M · 180 accts · $119K emplr
Administrative expenses, itemized · 2024
Investment management$55,980
Total administrative$55,980
The Planit Advertising, Inc. 401(k) match · 2024
Employer contribution per active participant$1,834
Median for plans this size$1,313
2024$1,834 per active participant
2023$1,566 per active participant
2022$1,324 per active participant

Planit Advertising, 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
RETIREWELL ADMINISTRATORS, INC. · Recordkeeping$7,942
LINCOLN NATIONAL CORPORATION · Contract administrator$48,038

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

Recordkeeper by year2
2024RETIREWELL ADMINISTRATORS, INC.
2023RETIREWELL ADMINISTRATORS, INC.

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Administrative cost history3
2024$55,980 · 0.66%
2023$43,813 · 0.67%
2022$33,862 · 0.56%
Similar plansProfessional & Technical Services · Maryland
Swingtech Consulting, Inc. MD$10.0M · 0.22%
Brmi Holdings Corporation MD$9.9M · 0.49%
Compass Systems, Inc. MD$9.9M · 0.59%
Innovim, LLC MD$9.7M · 0.63%
Systems Plus Inc MD$9.5M · 1.12%
Dakota Consulting, Inc. MD$9.4M · 0.47%
Ds Technologies, LLC MD$9.3M · 0.27%

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Source: U.S. Department of Labor, Form 5500 series, EIN 521993314 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.