Plan Ledger DOL Form 5500 · updated monthly

The Arc of Montgomery County403(b)

THE ARC MONTGOMERY COUNTY TAX SHELTERED ANNUITY PLAN · ROCKVILLE, MD · plan year 2024

Reported admin expense ratio · 2024
0.45%

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

The Arc of Montgomery County reported $46,801 in plan administrative expenses for 2024: 0.45% of average plan assets, above the peer median. Employer contributions averaged $650 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 0.453%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Maryland (942nd of 1,671), and the 5,408th of 11,911 in health care & social assistance. In 2024, employees put in $2.10 for every $1.00 the employer contributed; active participation has grown from 321 to 492 since 2022.

Plan summary
Net assets, end of year$11,071,098
Participants with balances319
Active participants492
Employer contributions$319,707
Employee contributions$672,432
Employer contribution per active participant$650
Average account balance$34,706
Benefits paid to participants$989,038
Plan auditUnmodified (clean) audit opinion
AuditorGORFINE, SCHILLER & GARDYN, PA
Plan history3
Yearassets · accounts · employer contribution
2024$11.1M · 319 accts · $320K emplr
2023$9.6M · 249 accts · $97K emplr
2022$8.4M · 246 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$46,801
Total administrative$46,801
Employer contributions to the The Arc of Montgomery County plan · 2024
Employer contribution per active participant$650
Median for plans this size$2,416
2024$650 per active participant
2023$297 per active participant

The Arc of Montgomery County's 2024 employer contribution ran below the $2,416 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 · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$46,800
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp

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$46,801 · 0.45%
2023$40,146 · 0.45%
2022$41,802 · 0.45%
All plans at this employer2
THE ARC MONTGOMERY COUNTY PENSION PLANMoney purchase plan
THE ARC MONTGOMERY COUNTY TAX SHELTERED ANNUITY PLAN403(b)
Same employer
Similar plansHealth Care & Social Assistance · Maryland
Laser Assets, Inc. MD$11.6M · 0.01%
Broadmead, Inc. MD$11.5M · 0.66%
Total Health Care Inc. MD$11.0M · 0.68%
Family Services, Inc. MD$10.3M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 520639953 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.