What are the fees in the The George J. Falter Company 401(k) plan?

For plan year 2022, The George J. Falter Company reported $3,302 in plan administrative expenses, or 0.16% of average plan assets — lower than ~75% of peers. Fund-level expense ratios are not included in public filings.

What is the average account balance in the The George J. Falter Company 401(k)?

The average participant account balance was $61,399 for plan year 2022, based on 29 accounts.

The George J. Falter Company401(k)

Name: The George J. Falter Company 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

THE GEORGE J. FALTER COMPANY 401(K) PLAN · BALTIMORE, MD · plan year 2022

Reported admin expense ratio · 2022

0.16%

The George J. Falter Company reported $3,302 in plan administrative expenses for 2022: 0.16% of average plan assets, lower than ~75% of peers. 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other wholesale trade employers. By assets it is among the smaller plans on file in Maryland (1,548th of 1,671), and 4,062nd of 4,246 in wholesale trade.

Plan summary
Net assets, end of year$1,780,584
Participants with balances29
Active participants122
Employer contributions—
Employee contributions$126,590
Employer contribution per active participant—
Average account balance$61,399
Benefits paid to participants$341,452
Plan auditUnmodified (clean) audit opinion
AuditorGROSS MENDELSOHN & ASSOCIATES, PA

Administrative expenses, itemized · 2022

Recordkeeping & contract admin$3,302

Total administrative$3,302

What these fees cost you

Your balance

Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1

2022$3,302 · 0.16%

Similar plansWholesale Trade · Maryland
Arbre Group Holding Corporation MD$4.6M · 1.43%
Pete Pappas & Sons, Inc. MD$4.0M · 0.55%
Sonco Worldwide Inc MD$3.2M · 0.36%
Emd Sales, Inc. MD$2.0M · 0.78%
J. J. Haines Holding Company, Inc. MD$667K
Century Distributors, Inc. MD$87K · 0.40%
Annapolis Produce & Restaurant Supply Co., Inc. MD$41K

Why are you looking at this plan?

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Source: U.S. Department of Labor, Form 5500 series, EIN 201084920 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.