Plan Ledger DOL Form 5500 · updated monthly

Shore Health System, Inc.DC plan

SHORE HEALTH SYSTEM, INC. 401(K) PLAN · LINTHICUM, MD · plan year 2024

Reported admin expense ratio · 2024
0.04%

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

Shore Health System, Inc. reported $43,720 in plan administrative expenses for 2024: 0.04% of average plan assets, lower than ~75% of peers. Employer contributions averaged $7 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 0.02% to 0.04%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 144th-largest of 1,671 plans among Maryland employers on file, and the 948th of 11,911 in health care & social assistance.

Plan summary
Net assets, end of year$118,418,795
Participants with balances1,252
Active participants1,189
Employer contributions$8,052
Employee contributions—
Employer contribution per active participant$7
Average account balance$94,584
Benefits paid to participants$15,103,285
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$118.4M · 1,252 accts · $8K emplr
2023$117.7M · 1,487 accts · $2K emplr
2022$107.8M · 1,765 accts · $705 emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$39,063
Investment management$176
Audit (IQPA)$4,305
Total administrative$43,720
Employer contributions to the Shore Health System, Inc. plan · 2024
Employer contribution per active participant$7
Median for plans this size$3,635
2024$7 per active participant
2023$2 per active participant
2022$1 per active participant

Shore Health System, Inc.'s 2024 employer contribution ran below the $3,635 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 · 20243
EMPOWER ANNUITY INSURANCE COMPANY O · Contract administrator · Recordkeeping$39,063
CLIFTONLARSONALLEN LLP · Accounting / audit$4,305
NFP RETIREMENT INC$352

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

Recordkeeper by year2
2024Empower
2023Prudential

This plan has changed recordkeepers within these filings. If you left Shore Health System, Inc. 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$43,720 · 0.04%
2023$33,298 · 0.03%
2022$26,588 · 0.02%
Similar plansHealth Care & Social Assistance · Maryland
Carroll Hospital Center MD$155.1M · 0.11%
Capital Womens Care, LLC MD$147.0M · 0.18%
Pe Gastro Management, LLC MD$136.6M · 0.22%
Hunt Valley Holdings LLC MD$122.5M · 0.43%
Novavax, Inc. MD$113.2M · 0.24%

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Source: U.S. Department of Labor, Form 5500 series, EIN 520610538 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.