Plan Ledger DOL Form 5500 · updated monthly

Ssmd Vascular Solutions, LLC401(k)

MVS 401(K) RETIREMENT PLAN · COCKEYSVILLE, MD · plan year 2023

Reported admin expense ratio · 2023
0.31%

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

Ssmd Vascular Solutions, LLC reported $70,897 in plan administrative expenses for 2023: 0.31% of average plan assets, above the peer median. Employer contributions averaged $0 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 0.31%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 581st-largest of 1,671 plans among Maryland employers on file, and the 3,301st of 11,911 in health care & social assistance.

Plan summary
Net assets, end of year$23,483,484
Participants with balances148
Active participants185
Employer contributions$0
Employee contributions$883,511
Employer contribution per active participant$0
Average account balance$158,672
Benefits paid to participants$3,068,723
Plan auditUnmodified (clean) audit opinion
AuditorHANDWERGER,CARDEGNA,FUNKHOUSER & LU
Plan history3
Yearassets · accounts · employer contribution
2024$20.9M · 136 accts
2023$23.5M · 148 accts
2022$22.7M · 160 accts · $463K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$26,233
Investment management$44,664
Total administrative$70,897
The Ssmd Vascular Solutions, LLC 401(k) match · 2023
Employer contribution per active participant$0
Median for plans this size$2,440

Ssmd Vascular Solutions, LLC's 2023 employer contribution ran below the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
NFP RETIREMENT INC · Investment advisory (plan)$44,664
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$26,233

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

Administrative cost history3
2024$68,095 · 0.31%
2023$70,897 · 0.31%
2022$74,482 · 0.30%
Similar plansHealth Care & Social Assistance · Maryland
Infinite Legacy, Inc. MD$26.6M · 0.27%
Johns Hopkins Hospital MD$24.7M · 0.98%
Ashley, Inc. MD$22.3M · 0.30%
Clinical Associates, P.A. MD$21.4M · 0.16%

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Source: U.S. Department of Labor, Form 5500 series, EIN 461524918 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.