Plan Ledger DOL Form 5500 · updated monthly

The Seed School of Maryland, Inc.403(b)

THE SEED SCHOOL OF MARYLAND 403(B) PLAN · BALTIMORE, MD · plan year 2024

Reported admin expense ratio · 2024
0.25%

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

The Seed School of Maryland, Inc. reported $13,840 in plan administrative expenses for 2024: 0.25% of average plan assets, below the peer median. Employer contributions averaged $2,444 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 0.19% to 0.25%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other educational services employers. By assets it is among the smaller plans on file in Maryland (1,226th of 1,671), and 2,445th of 3,091 in educational services. In 2024, the employer put in $2.20 for every $1.00 employees contributed themselves; active participation has shrunk from 174 to 131 since 2022.

Plan summary
Net assets, end of year$5,793,798
Participants with balances562
Active participants131
Employer contributions$320,212
Employee contributions$145,231
Employer contribution per active participant$2,444
Average account balance$10,309
Benefits paid to participants$717,148
Plan history3
Yearassets · accounts · employer contribution
2024$5.8M · 562 accts · $320K emplr
2023$5.5M · 556 accts · $328K emplr
2022$4.7M · 530 accts · $337K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$13,840
Total administrative$13,840
Employer contributions to the The Seed School of Maryland, Inc. plan · 2024
Employer contribution per active participant$2,444
Median for plans this size$1,313
2024$2,444 per active participant
2023$2,429 per active participant
2022$1,936 per active participant

The Seed School of Maryland, Inc.'s 2024 employer contribution ran above the $1,313 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 · 20241
BENEFIT CONSULTANTS GROUP · Contract administrator · Recordkeeping$13,840

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

Recordkeeper by year2
2024BENEFIT CONSULTANTS GROUP
2023BENEFIT CONSULTANTS GROUP

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

Administrative cost history3
2024$13,840 · 0.25%
2023$10,720 · 0.21%
2022$8,186 · 0.19%
Similar plansEducational Services · Maryland
Kra Corporation MD$4.6M · 1.41%
Identity, Inc. MD$4.4M · 0.63%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 061818759 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.