Plan Ledger DOL Form 5500 · updated monthly

Provider Partners Management Services, LLC401(k)

PROVIDER PARTNERS MANAGEMENT SERVICES, LLC 401(K) PLAN · LINTHICUM HEIGHTS, MD · plan year 2024

Reported admin expense ratio · 2024
0.95%

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

Provider Partners Management Services, LLC reported $55,128 in plan administrative expenses for 2024: 0.95% of average plan assets, higher than ~75% of peers. Employer contributions averaged $497 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 1.36% to 0.95%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Maryland (1,160th of 1,671), and 6,912th of 11,911 in health care & social assistance. In 2024, employees put in $7.82 for every $1.00 the employer contributed; active participation has grown from 223 to 345 since 2022.

Plan summary
Net assets, end of year$6,910,645
Participants with balances161
Active participants345
Employer contributions$171,612
Employee contributions$1,342,814
Employer contribution per active participant$497
Average account balance$42,923
Benefits paid to participants$156,999
Plan auditUnmodified (clean) audit opinion
AuditorFITZPATRICK, LEARY & SZARKO
Plan history3
Yearassets · accounts · employer contribution
2024$6.9M · 161 accts · $172K emplr
2023$4.7M · 128 accts · $132K emplr
2022$2.5M · 103 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$34,215
Investment management$20,913
Total administrative$55,128
The Provider Partners Management Services, LLC 401(k) match · 2024
Employer contribution per active participant$497
Median for plans this size$1,313
2024$497 per active participant
2023$470 per active participant

Provider Partners Management Services, LLC'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
JOHN HANCOCK LIFE INSURANCE COMPANY · Recordkeeping · Investment managementindirect comp
WELLS FARGO ADVISORS LLC · Investment advisory (participants)$20,913

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024$55,128 · 0.95%
2023$43,116 · 1.19%
2022$30,628 · 1.36%
Same employer
Similar plansHealth Care & Social Assistance · Maryland
Maryland Food Bank, Inc. MD$7.0M · 0.00%
Sh Franchising, LLC MD$6.9M · 0.82%
Affiliated Sante Group MD$6.4M · 0.27%

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Source: U.S. Department of Labor, Form 5500 series, EIN 822337501 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.