Plan Ledger DOL Form 5500 · updated monthly

S. Freedman & Sons, Inc.401(k)

S. FREEDMAN & SONS, INC. 401(K) PROFIT SHARING PLAN · LANDOVER, MD · plan year 2023

Reported admin expense ratio · 2023
0.19%

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

S. Freedman & Sons, Inc. reported $27,012 in plan administrative expenses for 2023: 0.19% of average plan assets, below the peer median. Employer contributions averaged $2,414 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 1 year on file its reported administrative ratio rose from 0.10% to 0.19%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other wholesale trade employers. By assets it is the 772nd-largest of 1,671 plans among Maryland employers on file, and 2,291st of 4,246 in wholesale trade. In 2023, employees put in $3.12 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$15,804,397
Participants with balances97
Active participants85
Employer contributions$205,203
Employee contributions$639,622
Employer contribution per active participant$2,414
Average account balance$162,932
Benefits paid to participants$405,133
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2023$15.8M · 97 accts · $205K emplr
2022$13.3M · 101 accts · $127K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$13,742
Investment management$13,270
Total administrative$27,012
The S. Freedman & Sons, Inc. 401(k) match · 2023
Employer contribution per active participant$2,414
Median for plans this size$2,440
2023$2,414 per active participant
2022$1,443 per active participant

S. Freedman & Sons, Inc.'s 2023 employer contribution ran below the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
PENSIONMARK FINANCIAL GROUP LLC · Investment advisory (plan)$13,270

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

Administrative cost history2
2023$27,012 · 0.19%
2022$14,581 · 0.10%
Similar plansWholesale Trade · Maryland
Saval Foods Corporation MD$15.9M · 0.31%
Katcef Brothers, Inc. MD$15.8M · 0.58%
Sfb Buck, LLC MD$15.1M · 0.16%
Sfb Buck, LLC MD$15.1M · 0.16%
Cb Flooring, LLC MD$15.0M · 0.40%

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Source: U.S. Department of Labor, Form 5500 series, EIN 530216068 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.