Plan Ledger DOL Form 5500 · updated monthly

Spalding Consulting, Inc.401(k)

SPALDING CONSULTING, INC. 401K PLAN · LEXINGTON PARK, MD · plan year 2023

Reported admin expense ratio · 2023
0.36%

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

Spalding Consulting, Inc. reported $91,071 in plan administrative expenses for 2023: 0.36% of average plan assets, above the peer median. Employer contributions averaged $1,707 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 0.31% to 0.36%. 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 485th-largest of 1,671 plans among Maryland employers on file, and the 4,364th of 11,654 in professional & technical services. In 2023, employees put in $5.13 for every $1.00 the employer contributed; active participation has grown from 294 to 326 since 2022.

Plan summary
Net assets, end of year$28,251,954
Participants with balances405
Active participants326
Employer contributions$556,420
Employee contributions$2,853,472
Employer contribution per active participant$1,707
Average account balance$69,758
Benefits paid to participants$2,076,804
Plan auditUnmodified (clean) audit opinion
AuditorHEIMLANTZ CPAS AND ADVISORS, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$0 · $509K emplr
2023$28.3M · 405 accts · $556K emplr
2022$22.0M · 367 accts · $455K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$91,071
Total administrative$91,071
The Spalding Consulting, Inc. 401(k) match · 2023
Employer contribution per active participant$1,707
Median for plans this size$2,440
2023$1,707 per active participant
2022$1,547 per active participant

Spalding Consulting, 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 · 20233
JOHN HANCOCK LIFE INSURANCE COMPANY · Recordkeeping · Investment management$44,278
GLOBAL RETIREMENT PARTNERS · Investment advisory (participants)$39,722
DUNCAN FINANCIAL GROUP, LLC · Contract administrator$10,000

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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Administrative cost history3
2024Not separately reported
2023$91,071 · 0.36%
2022$72,691 · 0.31%
Same employer
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Db Consulting Group, Inc. MD$28.2M · 0.07%
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Source: U.S. Department of Labor, Form 5500 series, EIN 522291300 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.