Plan Ledger DOL Form 5500 · updated monthly

The Park School of Baltimore, Inc.403(b)

THE PARK SCHOOL ANNUITY PLAN · BALTIMORE, MD · plan year 2024

Reported admin expense ratio · 2024
0.15%

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

The Park School of Baltimore, Inc. reported $92,921 in plan administrative expenses for 2024: 0.15% of average plan assets, above the peer median. Employer contributions averaged $7,644 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 0.10% to 0.15%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other other services employers. By assets it is the 278th-largest of 1,671 plans among Maryland employers on file, and the 352nd of 3,341 in other services. In 2024, the employer put in $2.86 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$61,961,762
Participants with balances291
Active participants215
Employer contributions$1,643,379
Employee contributions$574,039
Employer contribution per active participant$7,644
Average account balance$212,927
Benefits paid to participants$5,220,308
Plan auditDisclaimer of opinion
AuditorBENEFIT AUDIT GROUP, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$62.0M · 291 accts · $1.6M emplr
2023$58.2M · 305 accts · $1.2M emplr
2022$51.4M · 284 accts · $1.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$68,552
Investment management$24,369
Total administrative$92,921
Employer contributions to the The Park School of Baltimore, Inc. plan · 2024
Employer contribution per active participant$7,644
Median for plans this size$3,635
2024$7,644 per active participant
2023$6,014 per active participant
2022$7,001 per active participant

The Park School of Baltimore, Inc.'s 2024 employer contribution ran above the $3,635 median for plans its size, placing it in the top 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 · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$68,552
ONEDIGITAL INVESTMENT ADVISORS · Investment advisory (plan)$24,369
NATIONAL BENEFITS SERVICES · Investment managementindirect 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$92,921 · 0.15%
2023$80,356 · 0.15%
2022$55,362 · 0.10%
Same employer
Similar plansOther Services · Maryland
American Nurses Association MD$62.1M · 0.01%
Columbia Association, Inc. MD$58.6M · 0.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 520591625 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.