Plan Snapshot
- Plan Sponsor: Offit Kurman, P.A.
- Sponsor EIN: 521518021
- Sponsor Address: 7501 WISCONSIN AVENUE, BETHESDA, MD, 20814
- Plan Type: 401(k)
- Total Participants: 524
- Total Assets: $86.9M
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 | 524 | $86.9M | $1.2M | $6.3M |
| 2023 | 577 | $80.1M | $1.3M | $6.0M |
| 2022 | 502 | $68.8M | $965,446 | $5.4M |
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 |
|---|---|---|---|---|
| KESTRA INVESTMENT SERVICES LLC | ADVISOR | $34,756 | — | $34,756 |
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $28,916 | — | $28,916 |
| BENEFIT AUDIT GROUP, LLC | ACCOUNTANT/AUDITOR | $10,400 | — | $10,400 |
| BENEFIT AUDIT GROUP LLC | Auditor | $10,400 | — | $10,400 |
| JUNO FINANCIAL GROUP | INVESTMENT ADVISOR | $5,486 | — | $5,486 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- KESTRA INVESTMENT SERVICES LLC — ADVISOR
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- BENEFIT AUDIT GROUP LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $89,958
- Estimated Expense Ratio: 0.104% 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 | $79,558 | $34,756 | — | $10,400 | — |
| 2023 | $139,154 | $35,820 | — | — | — |
| 2022 | $95,455 | — | — | — | — |