Plan Ledger DOL Form 5500 · updated monthly

The Arc of Southern Maryland, Inc.403(b)

THE ARC OF SOUTHERN MARYLAND RETIREMENT SAVINGS PLAN · PRINCE FREDERICK, MD · plan year 2023

Reported admin expense ratio · 2023
0.07%

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

The Arc of Southern Maryland, Inc. reported $3,172 in plan administrative expenses for 2023: 0.07% of average plan assets, lower than ~75% of peers. Employer contributions averaged $340 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 0.07% to 0.12%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Maryland (1,296th of 1,671), and 8,017th of 11,911 in health care & social assistance. In 2023, employees put in $3.25 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$4,805,245
Participants with balances209
Active participants412
Employer contributions$140,141
Employee contributions$455,044
Employer contribution per active participant$340
Average account balance$22,992
Benefits paid to participants$217,337
Plan auditUnmodified (clean) audit opinion
AuditorMULLEN, SONDBERG, WIMBISH & STONE
Plan history3
Yearassets · accounts · employer contribution
2024$4.2M · 227 accts · $162K emplr
2023$4.8M · 209 accts · $140K emplr
2022$3.9M · 183 accts · $67K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$3,172
Total administrative$3,172
Employer contributions to the The Arc of Southern Maryland, Inc. plan · 2023
Employer contribution per active participant$340
Median for plans this size$1,308
2024$366 per active participant
2023$340 per active participant
2022$172 per active participant

The Arc of Southern Maryland, Inc.'s 2023 employer contribution ran below the $1,308 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 · 20233
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$2,997
LINCOLN NATIONAL CORPORATION · Contract administrator$175
OSAIC FA, INC. · Other servicesindirect 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$5,598 · 0.12%
2023$3,172 · 0.07%
2022$2,652 · 0.07%
Same employer
Similar plansHealth Care & Social Assistance · Maryland
Distinctive Home Care Inc MD$5.1M · 1.34%
Bar-T Holding, Inc. MD$5.1M · 0.43%
Capital Care, Inc. MD$4.9M · 0.55%
Lower Shore Clinic, Inc. MD$4.8M · 1.23%
Coastal Hospice, Inc. MD$4.7M · 0.27%
Pathways Inc. MD$4.7M · 0.53%
Closup I, Inc. MD$4.7M · 0.75%

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Source: U.S. Department of Labor, Form 5500 series, EIN 521062351 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.