Plan Ledger DOL Form 5500 · updated monthly

The Baltimore Life Insurance Co.401(k)

THE BALTIMORE LIFE 401K BENEFIT PLAN · OWINGS MILLS, MD · plan year 2024

Reported admin expense ratio · 2024
0.10%

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

The Baltimore Life Insurance Co. reported $51,179 in plan administrative expenses for 2024: 0.10% of average plan assets, below the peer median. Employer contributions averaged $3,788 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 0.09% to 0.10%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other finance & insurance employers. By assets it is the 297th-largest of 1,671 plans among Maryland employers on file, and the 1,532nd of 4,798 in finance & insurance. In 2024, employees put in $1.76 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$56,351,579
Participants with balances272
Active participants211
Employer contributions$799,284
Employee contributions$1,404,701
Employer contribution per active participant$3,788
Average account balance$207,175
Benefits paid to participants$2,842,455
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$56.4M · 272 accts · $799K emplr
2023$50.8M · 267 accts · $753K emplr
2022$45.3M · 273 accts · $805K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$31,697
Audit (IQPA)$19,482
Total administrative$51,179
The The Baltimore Life Insurance Co. 401(k) match · 2024
Employer contribution per active participant$3,788
Median for plans this size$3,635
2024$3,788 per active participant
2023$3,605 per active participant
2022$3,798 per active participant

The Baltimore Life Insurance Co.'s 2024 employer contribution ran above the $3,635 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 · 20242
T ROWE PRICE RPS INC · Recordkeeping · Trustee$31,697
COHNREZNICK LLP · Accounting / audit$19,482

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

Recordkeeper by year2
2024T. Rowe Price
2023T. Rowe Price

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

Administrative cost history3
2024$51,179 · 0.10%
2023$54,629 · 0.11%
2022$43,510 · 0.09%
Same employer
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Profund Advisors LLC MD$65.3M · 0.20%
Nfm, Inc. MD$63.1M · 0.29%
Lower, LLC000000000 MD$48.0M · 0.74%
Presidential Bank MD$47.4M · 0.12%
First United Corporation MD$43.3M · 0.17%

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Source: U.S. Department of Labor, Form 5500 series, EIN 520236900 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.