Plan Ledger DOL Form 5500 · updated monthly

Social Solutions International, Inc401(k)

SOCIAL SOLUTIONS INTERNATIONAL 401(K) PLAN · ROCKVILLE, MD · plan year 2022

Reported admin expense ratio · 2022
0.64%

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

Social Solutions International, Inc reported $145,093 in plan administrative expenses for 2022: 0.64% of average plan assets, higher than ~90% of peers. Employer contributions averaged $40,478 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 0.65%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,806 comparable plans and shown alongside other professional & technical services employers. By assets it is the 619th-largest of 1,671 plans among Maryland employers on file, and the 5,297th of 11,654 in professional & technical services. In 2022, the employer put in $1.17 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$21,456,920
Participants with balances335
Active participants51
Employer contributions$2,064,389
Employee contributions$1,767,774
Employer contribution per active participant$40,478
Average account balance$64,051
Benefits paid to participants$2,376,769
Plan auditUnmodified (clean) audit opinion
AuditorPENAN & SCOTT, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$20.2M · 269 accts · $233K emplr
2023$19.3M · 347 accts · $291K emplr
2022$21.5M · 335 accts · $2.1M emplr
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$70,671
Investment management$31,895
Professional / advisory$42,527
Total administrative$145,093
The Social Solutions International, Inc 401(k) match · 2022
Employer contribution per active participant$40,478
Median for plans this size$2,266
2024$5,972 per active participant
2023$3,824 per active participant
2022$40,478 per active participant

Social Solutions International, Inc's 2022 employer contribution ran above the $2,266 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history3
2024$129,535 · 0.65%
2023$136,567 · 0.67%
2022$145,093 · 0.64%
Similar plansProfessional & Technical Services · Maryland
Dealeron, Inc. MD$22.2M · 1.27%
Tensley Consulting, Inc. MD$22.1M · 0.09%
Lcg Inc. MD$21.3M · 0.16%
Pessin Katz Law, PA MD$21.2M · 0.41%
Fgs, LLC MD$21.1M · 0.49%
Excet, Inc. MD$21.0M · 0.33%

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Source: U.S. Department of Labor, Form 5500 series, EIN 841663710 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.