Plan Ledger DOL Form 5500 · updated monthly

Project Enhancement Corporation401(k)

PROJECT ENHANCEMENT CORPORATION 401(K) PROFIT SHARING PLAN & TRUST · GERMANTOWN, MD · plan year 2024

Reported admin expense ratio · 2024
0.39%

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

Project Enhancement Corporation reported $83,366 in plan administrative expenses for 2024: 0.39% of average plan assets, above the peer median. Employer contributions averaged $1,861 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 0.42% to 0.39%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 587th-largest of 1,671 plans among Maryland employers on file, and the 5,057th of 11,654 in professional & technical services. In 2024, employees put in $4.64 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$23,019,128
Participants with balances211
Active participants217
Employer contributions$403,762
Employee contributions$1,873,621
Employer contribution per active participant$1,861
Average account balance$109,095
Benefits paid to participants$1,945,529
Plan auditUnmodified (clean) audit opinion
AuditorFAW, CASSON & CO., LLP
Plan history3
Yearassets · accounts · employer contribution
2024$23.0M · 211 accts · $404K emplr
2023$20.3M · 190 accts · $401K emplr
2022$16.3M · 186 accts · $362K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$32,926
Investment management$20,176
Total administrative$83,366
The Project Enhancement Corporation 401(k) match · 2024
Employer contribution per active participant$1,861
Median for plans this size$2,416
2024$1,861 per active participant
2023$1,765 per active participant
2022$1,645 per active participant

Project Enhancement Corporation's 2024 employer contribution ran below the $2,416 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
MERRILL LYNCH PIERCE FENNER & SMITH · Pension consulting · Investment advisory (plan)$50,440
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$32,926
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp

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

Administrative cost history3
2024$83,366 · 0.39%
2023$73,831 · 0.40%
2022$64,676 · 0.42%
Same employer
Similar plansProfessional & Technical Services · Maryland
Clearedge IT Solutions, LLC MD$23.5M · 0.38%
Marketbridge, Inc. MD$23.4M · 0.47%
Tetracore, Inc. MD$23.4M · 0.05%
Cybercore Technologies, LLC MD$23.2M · 0.15%
Fearless Solutions, LLC MD$23.0M · 0.48%
Dataprise, LLC MD$22.9M · 0.55%
Naval Systems, Inc. MD$22.9M · 0.63%

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Source: U.S. Department of Labor, Form 5500 series, EIN 522088814 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.