Plan Ledger DOL Form 5500 · updated monthly

Servefed, Inc.401(k)

SERVEFED, INC. 401(K) PLAN · GERMANTOWN, MD · plan year 2024

Reported admin expense ratio · 2024
1.20%

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

Servefed, Inc. reported $61,223 in plan administrative expenses for 2024: 1.20% of average plan assets, higher than ~75% of peers. Employer contributions averaged $277 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 3 years on file its reported administrative ratio has held roughly steady near 1.20%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Maryland (1,234th of 1,671), and 9,519th of 11,654 in professional & technical services. In 2024, employees put in $10.23 for every $1.00 the employer contributed; active participation has shrunk from 382 to 338 since 2022.

Plan summary
Net assets, end of year$5,679,381
Participants with balances274
Active participants338
Employer contributions$93,699
Employee contributions$958,408
Employer contribution per active participant$277
Average account balance$20,728
Benefits paid to participants$434,963
Plan auditUnmodified (clean) audit opinion
AuditorREGAN, SCHICKNER, & HARPER LLC
Plan history3
Yearassets · accounts · employer contribution
2024$5.7M · 274 accts · $94K emplr
2023$4.5M · 252 accts · $71K emplr
2022$3.5M · 283 accts · $36K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$61,223
Total administrative$61,223
The Servefed, Inc. 401(k) match · 2024
Employer contribution per active participant$277
Median for plans this size$1,313
2024$277 per active participant
2023$205 per active participant
2022$94 per active participant

Servefed, Inc.'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 · 20244
THE VANGUARD GROUP · Recordkeeping · Loan processing$22,612
LPL FINANCIAL RPCP · Investment advisory (participants) · Investment advisory (plan)$24,904
RETIREMENT PLANNERS & ADMIN · Contract administrator$7,688
401KINABOX · Contract administrator$5,875

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

Recordkeeper by year2
2024Vanguard
2023Vanguard

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

Administrative cost history3
2024$61,223 · 1.20%
2023$55,479 · 1.39%
2022$40,572 · 1.21%
Similar plansProfessional & Technical Services · Maryland
Tenax Technologies, LLC MD$5.8M · 0.37%
Enrollease, Inc. MD$5.8M · 0.17%
Reefpoint Group MD$5.7M · 0.81%
Wintec Arrowmaker, Inc. MD$5.7M · 0.43%
Decisionpoint Corporation MD$5.7M · 0.41%
Ntech Solutions, Inc. MD$5.5M · 0.88%

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Source: U.S. Department of Labor, Form 5500 series, EIN 461556834 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.