Plan Ledger DOL Form 5500 · updated monthly

Practice Dynamics Inc.401(k)

PRACTICE DYNAMICS INC. 401(K) PLAN · OWINGS MILLS, MD · plan year 2024

Reported admin expense ratio · 2024
0.11%

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

Practice Dynamics Inc. reported $91,228 in plan administrative expenses for 2024: 0.11% of average plan assets, below the peer median. Employer contributions averaged $2,632 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 0.14% to 0.11%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 198th-largest of 1,671 plans among Maryland employers on file, and the 1,247th of 11,911 in health care & social assistance. In 2024, employees put in $2.08 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$84,457,045
Participants with balances882
Active participants797
Employer contributions$2,097,663
Employee contributions$4,361,180
Employer contribution per active participant$2,632
Average account balance$95,756
Benefits paid to participants$8,858,735
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$84.5M · 882 accts · $2.1M emplr
2023$76.6M · 1,230 accts · $1.8M emplr
2022$63.3M · 1,263 accts · $1.7M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$82,933
Audit (IQPA)$8,295
Total administrative$91,228
The Practice Dynamics Inc. 401(k) match · 2024
Employer contribution per active participant$2,632
Median for plans this size$3,635
2024$2,632 per active participant
2023$2,272 per active participant
2022$2,043 per active participant

Practice Dynamics 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 · 20244
TRANSAMERICA RETIREMENT SOLUTIONS · Claims processing · Recordkeeping$50,289
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$18,008
CLIFTON LARSON ALLEN LLP · Accounting / audit$8,295
NATIONAL FINANCIAL SERVICES · Securities brokerageindirect 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
2024Transamerica
2023Transamerica

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

Administrative cost history3
2024$91,228 · 0.11%
2023$132,612 · 0.19%
2022$98,278 · 0.14%
Similar plansHealth Care & Social Assistance · Maryland
Novavax, Inc. MD$113.2M · 0.24%

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Source: U.S. Department of Labor, Form 5500 series, EIN 521960319 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.