Plan Snapshot
- Plan Sponsor: The Bank Of Glen Burnie
- Sponsor EIN: 520575023
- Sponsor Address: 106 PADFIELD BOULEVARD, GLEN BURNIE, MD, 21061
- Plan Type: 401(k)
- Total Participants: 83
- Total Assets: $20.2M
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 | 83 | $20.2M | $272,557 | $432,873 |
| 2023 | 73 | $17.9M | $299,435 | $418,845 |
| 2022 | 75 | $15.0M | $323,328 | $329,266 |
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 |
|---|---|---|---|---|
| UHY LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- UHY LLP — Auditor
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 | $70,557 | $34,374 | $34,433 | — | — |
| 2023 | $61,693 | $29,667 | $29,726 | — | — |
| 2022 | $58,029 | $27,857 | $27,922 | — | — |