Plan Snapshot
- Plan Sponsor: Maryland Rural Development Corporation
- Sponsor EIN: 521184645
- Sponsor Address: 101 CEDAR LANE, GREENSBORO, MD, 21639
- Plan Type: 401(k)
- Total Participants: 115
- Total Assets: $3.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 115 | $3.0M | $484,043 | $94,596 |
| 2023 | 123 | $2.5M | $364,100 | $99,385 |
| 2022 | 179 | $2.0M | $39,307 | $95,061 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| CLARK & ANDERSON, P.A. | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $27,029 | — | $27,029 | — | — |
| 2023 | $12,167 | — | $12,167 | — | — |
| 2022 | $1,486 | — | — | — | — |