Plan Ledger DOL Form 5500 · updated monthly

Recorded Books, Inc.401(k)

RECORDED BOOKS, INC. 401(K) SAVINGS PLAN · LANDOVER, MD · plan year 2024

Reported admin expense ratio · 2024
0.31%

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

Recorded Books, Inc. reported $85,452 in plan administrative expenses for 2024: 0.31% of average plan assets, above the peer median. Employer contributions averaged $1,361 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 0.39% to 0.31%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other information & media employers. By assets it is the 459th-largest of 1,671 plans among Maryland employers on file, and the 760th of 2,199 in information & media. In 2024, employees put in $3.93 for every $1.00 the employer contributed; active participation has grown from 266 to 326 since 2022.

Plan summary
Net assets, end of year$30,855,316
Participants with balances338
Active participants326
Employer contributions$443,835
Employee contributions$1,742,832
Employer contribution per active participant$1,361
Average account balance$91,288
Benefits paid to participants$614,158
Plan auditUnmodified (clean) audit opinion
AuditorMATTHEWS, CARTER, AND BOYCE, P.C
Plan history3
Yearassets · accounts · employer contribution
2024$30.9M · 338 accts · $444K emplr
2023$24.5M · 287 accts · $771K emplr
2022$19.6M · 284 accts · $407K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$311
Investment management$67,541
Audit (IQPA)$17,600
Total administrative$85,452
The Recorded Books, Inc. 401(k) match · 2024
Employer contribution per active participant$1,361
Median for plans this size$2,416
2024$1,361 per active participant
2023$2,943 per active participant
2022$1,531 per active participant

Recorded Books, Inc.'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 · 20244
GALLAGHER BENEFIT SERVICES · Recordkeeping · Pension consulting$67,541
MATTHEWS, CARTER, AND BOYCE, P.C. · Recordkeeping · Pension consulting$17,600
ADP, INC. · Loan processing · Recordkeeping$311
ADP BROKER-DEALER · Other servicesindirect 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
2024ADP, GALLAGHER BENEFIT SERVICES, MATTHEWS, CARTER, AND BOYCE, P.C.
2023ADP, GALLAGHER BENEFIT SERVICES, MATTHEWS, CARTER, AND BOYCE, P.C.

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Administrative cost history3
2024$85,452 · 0.31%
2023$105,702 · 0.48%
2022$83,004 · 0.39%
Same employer
Similar plansInformation & Media · Maryland
Marketwise Solutions LLC MD$76.7M · 0.09%
Vectorworks, Inc. MD$46.7M · 0.25%
Datalab USA, LLC MD$30.7M · 0.06%
Iq Solutions, Inc. MD$27.2M · 0.51%
Ionq, Inc. MD$24.8M · 0.09%

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Source: U.S. Department of Labor, Form 5500 series, EIN 464533122 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.