Plan Ledger DOL Form 5500 · updated monthly

Usalco, LLC401(k)

USALCO, LLC 401(K) RETIREMENT SAVINGS PLAN · BALTIMORE, MD · plan year 2024

Reported admin expense ratio · 2024
0.03%

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

Usalco, LLC reported $13,578 in plan administrative expenses for 2024: 0.03% of average plan assets, lower than ~75% of peers. Employer contributions averaged $3,617 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 fell from 0.16% to 0.03%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 312th-largest of 1,671 plans among Maryland employers on file, and the 3,093rd of 13,661 in manufacturing. In 2024, employees put in $1.93 for every $1.00 the employer contributed; active participation has grown from 395 to 479 since 2022.

Plan summary
Net assets, end of year$51,382,571
Participants with balances526
Active participants479
Employer contributions$1,732,670
Employee contributions$3,338,633
Employer contribution per active participant$3,617
Average account balance$97,685
Benefits paid to participants$3,386,018
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$51.4M · 526 accts · $1.7M emplr
2023$43.7M · 522 accts · $1.5M emplr
2022$41.2M · 13 accts · $720K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$13,578
Total administrative$13,578
The Usalco, LLC 401(k) match · 2024
Employer contribution per active participant$3,617
Median for plans this size$2,416
2024$3,617 per active participant
2023$3,553 per active participant
2022$1,824 per active participant

Usalco, LLC's 2024 employer contribution ran above the $2,416 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 · 20241
FIDELITY WORKPLACE SERVICES LLC · Plan administrator · Trustee (discretionary)$13,578

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$13,578 · 0.03%
2023$8,323 · 0.02%
2022$56,862 · 0.16%
Same employer
Similar plansManufacturing · Maryland
Ambu, Inc. MD$65.7M · 0.36%
G3 Technologies Inc MD$59.5M · 0.04%
Bisgp MD$56.3M · 0.43%
Jason Pharmaceuticals, Inc. MD$48.0M · 0.15%
Powercon Corporation MD$44.9M · 0.23%
Independent Can Company MD$40.4M · 0.34%

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Source: U.S. Department of Labor, Form 5500 series, EIN 271125234 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.