Plan Snapshot
- Plan Sponsor: Melwood Horticultural Training Center INC.
- Sponsor EIN: 520857690
- Sponsor Address: 5606 DOWER HOUSE ROAD, UPPER MARLBORO, MD, 20772
- Plan Type: 401(k)
- Plan Number: 503
- Total Participants: 1,200
- Total Assets: $828,623
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 1,200 | $828,623 | $8.3M | $1.7M |
| 2023 | 1,293 | $1.3M | $9.3M | $1.6M |
| 2022 | 940 | $1.3M | $7.9M | $1.6M |
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 |
|---|---|---|---|---|
| EXPRESS SCRIPTS | Other Service Provider | $1,889,880 | — | $1,889,880 |
| UMR, INC. | Other Service Provider | $1,272,004 | — | $1,272,004 |
| LEVEL 2 UHC | Other Service Provider | $758,692 | — | $758,692 |
| OPERATING ENG LOCAL 37 CLEAR. | Other Service Provider | $362,700 | — | $362,700 |
| GOVERNMENT SERVICE ADMIN. | Recordkeeper | $202,426 | — | $202,426 |
| CARROT FERTILITY, INC. | Insurance Carrier | $34,065 | — | $34,065 |
| LIVONGO HEALTH, INC. | Insurance Carrier | $27,570 | — | $27,570 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $4,547,337
- Estimated Expense Ratio: 548.782% of plan assets
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 | $652,714 | — | — | — | — |
| 2023 | $512,417 | — | — | — | — |
| 2022 | $602,014 | — | — | — | $602,014 |