Plan Snapshot
- Plan Sponsor: Montgomery County, Md, INC
- Sponsor EIN: 521847976
- Sponsor Address: 8757 GEORGIA AVE FLOOR 10, SILVER SPRING, MD, 20910
- Plan Type: 403(b)
- Plan Number: 001
- Total Participants: 62
- Total Assets: $6.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 62 | $6.3M | $198,953 | $395,176 |
| 2023 | 70 | $5.6M | $167,026 | $306,339 |
| 2022 | 68 | $4.6M | $178,651 | $343,436 |
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 |
|---|---|---|---|---|
| VOYA RETIREMENT INSURANCE & ANNUITY | Recordkeeper | $29,400 | — | $29,400 |
| USI SECURITIES INC | Investment Advisor | — | $12,073 | $12,073 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $41,473
- Estimated Expense Ratio: 0.655% 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 | $29,400 | $6 | $28,947 | — | — |
| 2023 | $36,347 | — | $36,347 | — | — |
| 2022 | $31,600 | — | $31,600 | — | — |