Plan Ledger DOL Form 5500 · updated monthly

Umgc Ventures, Inc.401(k)

UMGC VENTURES, INC. 401(K) PLAN · BETHESDA, MD · plan year 2024

Reported admin expense ratio · 2024
0.39%

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

Umgc Ventures, Inc. reported $76,133 in plan administrative expenses for 2024: 0.39% of average plan assets, above the peer median. Employer contributions averaged $9,856 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 0.12% to 0.39%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other other services employers. By assets it is the 617th-largest of 1,671 plans among Maryland employers on file, and the 998th of 3,341 in other services. In 2024, the employer put in $1.02 for every $1.00 employees contributed themselves; active participation has grown from 152 to 170 since 2022.

Plan summary
Net assets, end of year$21,513,835
Participants with balances233
Active participants170
Employer contributions$1,675,550
Employee contributions$1,648,524
Employer contribution per active participant$9,856
Average account balance$92,334
Benefits paid to participants$3,340,845
Plan auditUnmodified (clean) audit opinion
AuditorGELMAN, ROSENBERG & FREEDMAN, PC
Plan history3
Yearassets · accounts · employer contribution
2024$21.5M · 233 accts · $1.7M emplr
2023$17.9M · 236 accts · $1.4M emplr
2022$14.2M · 220 accts · $1.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$76,133
Total administrative$76,133
The Umgc Ventures, Inc. 401(k) match · 2024
Employer contribution per active participant$9,856
Median for plans this size$2,416
2024$9,856 per active participant
2023$8,454 per active participant
2022$9,099 per active participant

Umgc Ventures, Inc.'s 2024 employer contribution ran above the $2,416 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 · 20245
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$76,083
RETIREMENT BENEFIT SOLUTIONS · Contract administrator · Other services$50
MML INVESTORS SERVICES, LLC · Investment advisory (plan)indirect comp
TRIBRIDGE PARTNERS FINANCIAL LLC · Investment advisory (plan)indirect comp
MORNINGSTAR INVESTMENT MANAGEMENT · Investment advisory (participants)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$76,133 · 0.39%
2023$57,654 · 0.36%
2022$17,163 · 0.12%
Same employer
Similar plansOther Services · Maryland
The Arc Baltimore, Inc. MD$26.0M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 812898004 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.