Plan Snapshot
- Plan Sponsor: The Maryland Management Company
- Sponsor EIN: 520577857
- Sponsor Address: 2613 CABOVER DRIVE, HANOVER, MD, 21076
- Plan Type: 401(k)
- Total Participants: 198
- Total Assets: $16.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- 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 | 198 | $16.6M | $126,602 | $704,916 |
| 2023 | 197 | $15.1M | $112,837 | $629,732 |
| 2022 | 177 | $12.5M | $104,563 | $595,069 |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE CO | Recordkeeper | $38,890 | — | $38,890 |
| POLLARD & ASSOCIATES | Other Service Provider | $5,398 | $8,262 | $13,660 |
| LPL FINANCIAL | Investment Advisor | — | $6,884 | $6,884 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $59,434
- Estimated Expense Ratio: 0.359% 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 | $44,287 | — | $5,297 | — | — |
| 2023 | $31,462 | — | $3,600 | — | — |
| 2022 | $53,767 | — | $53,767 | — | — |