SEMMES, BOWEN & SEMMES PENSION PLAN · BALTIMORE, MD · plan year 2023
Reported admin expense ratio · 2023
0.50%
Peer grade: B· admin costs + employer contributions vs same-size plans · how grading works
Semmes, Bowen & Semmes reported $145,953 in plan administrative expenses for 2023: 0.50% of average plan assets, higher than ~75% of peers. Employer contributions averaged $8,424 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 0.50% to 0.55%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other professional & technical services employers. By assets it is the 477th-largest of 1,671 plans among Maryland employers on file, and the 4,253rd of 11,654 in professional & technical services.
Plan summary
Net assets, end of year$29,282,289
Participants with balances175
Active participants103
Employer contributions$867,680
Employee contributions$0
Employer contribution per active participant$8,424
Average account balance$167,327
Benefits paid to participants$4,072,449
Plan auditUnmodified (clean) audit opinion
AuditorMCLEAN, KOEHLER, SPARKS & HAMMOND
Plan history3
Yearassets · accounts · employer contribution
2024$28.2M · 192 accts · $920K emplr
2023$29.3M · 175 accts · $868K emplr
2022$28.6M · 175 accts · $756K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$2,525
Investment management$81,672
Audit (IQPA)$20,000
Trustee / custodial$40,476
Total administrative$145,953
Employer contributions to the Semmes, Bowen & Semmes plan · 2023
Employer contribution per active participant$8,424
Median for plans this size$2,440
2024$7,734 per active participant
2023$8,424 per active participant
2022$7,871 per active participant
Semmes, Bowen & Semmes's 2023 employer contribution ran above the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Source: U.S. Department of Labor, Form 5500 series, EIN 521955555 ·
Verify on EFAST2 ·
Amounts are as reported by the plan sponsor for the plan year shown.