Plan Ledger DOL Form 5500 · updated monthly

The Arc of the Central Chesapeake Region, Inc.401(k)

SAFE-HARBOR 403(B) THRIFT PLAN FOR EMPLOYEES OF THE ARC OF THE CENTRAL CHESAPEAKE REGION, INC. · LINTHICUM HEIGHTS, MD · plan year 2024

Reported admin expense ratio · 2024
0.42%

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

The Arc of the Central Chesapeake Region, Inc. reported $29,230 in plan administrative expenses for 2024: 0.42% of average plan assets, below the peer median. Employer contributions averaged $1,194 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 0.08% to 0.42%. 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 (1,112th of 1,671), and 1,920th of 3,341 in other services. In 2024, employees put in $1.61 for every $1.00 the employer contributed; active participation has grown from 534 to 623 since 2022.

Plan summary
Net assets, end of year$7,646,455
Participants with balances681
Active participants623
Employer contributions$743,831
Employee contributions$1,196,237
Employer contribution per active participant$1,194
Average account balance$11,228
Benefits paid to participants$1,634,005
Plan auditUnmodified (clean) audit opinion
AuditorMULLEN SONDBERG WIMBISH & STONE, PA
Plan history3
Yearassets · accounts · employer contribution
2024$7.6M · 681 accts · $744K emplr
2023$6.3M · 618 accts · $311K emplr
2022$5.9M · 782 accts · $464K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$29,230
Total administrative$29,230
The The Arc of the Central Chesapeake Region, Inc. 401(k) match · 2024
Employer contribution per active participant$1,194
Median for plans this size$1,313
2024$1,194 per active participant
2023$491 per active participant
2022$869 per active participant

The Arc of the Central Chesapeake Region, Inc.'s 2024 employer contribution ran below the $1,313 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$29,230
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp
MML INVESTORS SERVICES LLC · Investment advisory (plan)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$29,230 · 0.42%
2023$14,354 · 0.24%
2022$4,136 · 0.08%
Same employer
Similar plansOther Services · Maryland
Woodmont Country Club MD$10.0M · 0.63%
Abilities Network, Inc. MD$7.6M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 526047882 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.