Plan Snapshot
- Plan Sponsor: Penn-Mar Organization, INC. Dba Penn-Mar Human Services
- Sponsor EIN: 521207942
- Sponsor Address: 310 OLD FREELAND ROAD, FREELAND, MD, 21053
- Plan Type: 403(b)
- Total Participants: 579
- Total Assets: $19.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- Allows Roth Contributions: No
- 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 | 579 | $19.1M | $771,903 | $1.2M |
| 2023 | 575 | $16.3M | $688,891 | $1.0M |
| 2022 | 553 | $12.8M | $323,425 | $453,002 |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $88,121 | — | $88,121 |
| GREENSPRING ADVISORS | INVESTMENT ADVISORY | $33,924 | — | $33,924 |
| ORENDA RETIREMENT , LLC | CONTRACT ADMINISTRATOR | $8,925 | $8,111 | $17,036 |
| GRANDIZIO,WILKINS,LITTLE & MATTHEWS | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GREENSPRING ADVISORS — INVESTMENT ADVISORY
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $139,081
- Estimated Expense Ratio: 0.730% 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 | $130,966 | $33,919 | $97,047 | — | — |
| 2023 | $94,860 | $32,615 | $62,245 | — | — |
| 2022 | $41,668 | $15,680 | $25,988 | — | — |