Plan Ledger DOL Form 5500 · updated monthly

Revenue Authority of Prince401(k)

REVENUE AUTHORITY OF P.G. COUNTY 401K PLAN · LARGO, MD · plan year 2024

Reported admin expense ratio · 2024
0.63%

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

Revenue Authority of Prince reported $30,341 in plan administrative expenses for 2024: 0.63% of average plan assets, above the peer median. Employer contributions averaged $2,749 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 0.60% to 0.63%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other public administration employers. By assets it is among the smaller plans on file in Maryland (1,271st of 1,671), and 60th of 90 in public administration. In 2024, employees put in $1.44 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$5,219,022
Participants with balances104
Active participants86
Employer contributions$236,381
Employee contributions$340,357
Employer contribution per active participant$2,749
Average account balance$50,183
Benefits paid to participants$287,705
Plan auditUnmodified (clean) audit opinion
AuditorBCA WATSON RICE LLP
Plan history3
Yearassets · accounts · employer contribution
2024$5.2M · 104 accts · $236K emplr
2023$4.4M · 106 accts · $220K emplr
2022$3.7M · 104 accts · $212K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$6,613
Investment management$23,728
Total administrative$30,341
The Revenue Authority of Prince 401(k) match · 2024
Employer contribution per active participant$2,749
Median for plans this size$1,313
2024$2,749 per active participant
2023$2,469 per active participant
2022$2,378 per active participant

Revenue Authority of Prince's 2024 employer contribution ran above the $1,313 median for plans its size, placing it in the top 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 · 20243
GLOBAL RETIREMENT PARTNERS · Recordkeeping · Trustee$23,728
ADP, INC. · Loan processing · Recordkeeping$6,612
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, GLOBAL RETIREMENT PARTNERS
2023ADP, GLOBAL RETIREMENT PARTNERS, LPL Financial

This plan has changed recordkeepers within these filings. If you left Revenue Authority of Prince before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$30,341 · 0.63%
2023$24,129 · 0.60%
2022$24,206 · 0.60%
Similar plansPublic Administration · Maryland
Yavapai Apache Nation AZ$7.5M · 0.11%
Veritas Hhs, LLC CO$6.6M · 0.13%
Grand Portage R.T.C. MN$5.1M · 0.34%

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Source: U.S. Department of Labor, Form 5500 series, EIN 522336126 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.