Plan Ledger DOL Form 5500 · updated monthly

The Arc Northern Chesapeake Region, Inc.403(b)

403B THRIFT PLAN OF THE ARC NORTHERN CHESAPEAKE REGION, INC. · ABERDEEN, MD · plan year 2024

Reported admin expense ratio · 2024
0.07%

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

The Arc Northern Chesapeake Region, Inc. reported $3,199 in plan administrative expenses for 2024: 0.07% of average plan assets, lower than ~75% of peers. Employer contributions averaged $383 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 0.03% to 0.07%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in Maryland (1,290th of 1,671), and 2,308th of 3,341 in other services. In 2024, employees put in $3.28 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$4,897,060
Participants with balances512
Active participants350
Employer contributions$134,069
Employee contributions$439,493
Employer contribution per active participant$383
Average account balance$9,565
Benefits paid to participants$601,496
Plan auditUnmodified (clean) audit opinion
AuditorWEYRICH CRONIN & SORRA, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$4.9M · 512 accts · $134K emplr
2023$4.1M · 426 accts · $106K emplr
2022$3.3M · 398 accts · $61K emplr
Employer contributions to the The Arc Northern Chesapeake Region, Inc. plan · 2024
Employer contribution per active participant$383
Median for plans this size$1,313
2024$383 per active participant
2023$303 per active participant
2022$188 per active participant

The Arc Northern Chesapeake Region, 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 · 20241
MUTUAL OF AMERICA LIFE INSURANCE CO · Claims processing · Recordkeeping$2,247

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

Recordkeeper by year2
2024Mutual of America
2023Mutual of America

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

Administrative cost history3
2024$3,199 · 0.07%
2023$2,552 · 0.07%
2022$821 · 0.03%
Same employer
Similar plansOther Services · Maryland
Naf MD$6.1M · 0.40%

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Source: U.S. Department of Labor, Form 5500 series, EIN 520784063 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.