# Maryland Rural Development Corporation 401(k) Plan
Source: https://planprovider.pro/companies/maryland-rural-development-corporation-401k-plan

> Maryland Rural Development Corporation's 401(k) plan: 115 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|—|—|—|—|

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