Plan Ledger DOL Form 5500 · updated monthly

Wittenbach Business Systems, LLC401(k)

WITTENBACH BUSINESS SYSTEMS, LLC 401(K) RETIREMENT PLAN · SPARKS, MD · plan year 2024

Reported admin expense ratio · 2024
0.36%

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

Wittenbach Business Systems, LLC reported $96,561 in plan administrative expenses for 2024: 0.36% of average plan assets, above the peer median. Employer contributions averaged $693 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 3 years on file its reported administrative ratio has held roughly steady near 0.36%. 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 493rd-largest of 1,671 plans among Maryland employers on file, and the 778th of 3,341 in other services. In 2024, employees put in $9.32 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$28,092,697
Participants with balances398
Active participants333
Employer contributions$230,623
Employee contributions$2,148,726
Employer contribution per active participant$693
Average account balance$70,585
Benefits paid to participants$3,668,763
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$28.1M · 398 accts · $231K emplr
2023$26.0M · 393 accts · $245K emplr
2022$22.1M · 349 accts · $220K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$96,561
Total administrative$96,561
The Wittenbach Business Systems, LLC 401(k) match · 2024
Employer contribution per active participant$693
Median for plans this size$2,416
2024$693 per active participant
2023$720 per active participant
2022$706 per active participant

Wittenbach Business Systems, LLC's 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom 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$96,560
NEWSQUARE CAPITAL, LLC · Investment advisory (plan)indirect comp
WITTENBACH BUSINESS SYSTEMS LLC · Other servicesindirect 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$96,561 · 0.36%
2023$91,550 · 0.38%
2022$88,168 · 0.37%
Same employer
Similar plansOther Services · Maryland
The Arc Baltimore, Inc. MD$26.0M · 0.03%
Umgc Ventures, Inc. MD$21.5M · 0.39%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 521137041 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.