Retirement plan

MARYLAND MANAGEMENT COMPANY 401(K) PROFIT SHARING PLAN

Name: MARYLAND MANAGEMENT COMPANY - MARYLAND MANAGEMENT COMPANY 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: MARYLAND MANAGEMENT COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MARYLAND MANAGEMENT COMPANY 401(K) PROFIT SHARING PLAN, MARYLAND MANAGEMENT COMPANY

MARYLAND MANAGEMENT COMPANYEIN 52-0577857Plan #001PY 2020

2613 CABOVER DRIVE - HANOVER, MD 21076410-533-0070marylandmanagement.comLinkedIn201-500 employeesreal estate

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$13.4M

+15.7% from 2019

Total participants

220

0.0% from 2019

Average account balance

$91,118

+6.3% from 2019

Annual return

15.09%

-7.73 pp from 2019

Benchmarks

See 1,006 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants100-249

Cohort1,006 peers

Snapshot2020

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$16.57M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$117K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

142

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

62.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$832K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+16.62%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$312

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 4 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.5 years Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 49 · EIN 04-1590850	Other Services	$55,954
CBIZ RETIREMENT PLAN SERVICES6+ years Filed as: CBIZ FINANCIAL SOLUTIONS, INC. Service code 27 · EIN 52-1396995	Advisory (Plan)	$15,717
MASSACHUSETTS MUTUAL LIFE INS. CO.6+ years Filed as: MML INVESTORS SERVICES INC Service code 53 · EIN 04-2746212	Insurance Commissions	$7,580
CBIZ RETIREMENT PLAN SERVICES6+ years Filed as: CBIZ BENEFITS AND INSURANCE SERVICE Service code 13 · EIN 52-0807416	Contract Administrator	$6,947

Plan features & details

Pension benefit codes3D2G2J2K2E2T2F

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$56K

$294 / participant

Investment mgmt$56K100.0%

% of EOY assets

0.418%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: ROSEN SAPPERSTEIN AND FRIEDLANDER
Auditor EIN: 475153865
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$91,118

$62,132+46.7%

$185,835-51.0%

$73,493+24.0%

Participation rate

61.6%

67.8%-6.2pp

78.0%-16.5pp

70.7%-9.1pp

Annual return

15.09%

20.44%-5.3pp

35.96%-20.9pp

28.51%-13.4pp

Employer contribution / active EE

$483

$1,681-71.3%

$4,087-88.2%

$2,270-78.7%

Participant deferral / active EE

$2,799

$3,711-24.6%

$5,633-50.3%

$3,740-25.2%

Admin fee / account holder

$381

$419-9.1%

$9,502-96.0%

$513-25.8%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.5 years

Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE

Service code 49 · EIN 04-1590850

Other Services

$55,954

CBIZ RETIREMENT PLAN SERVICES6+ years

Filed as: CBIZ FINANCIAL SOLUTIONS, INC.

Service code 27 · EIN 52-1396995

Advisory (Plan)

$15,717

MASSACHUSETTS MUTUAL LIFE INS. CO.6+ years

Filed as: MML INVESTORS SERVICES INC

Service code 53 · EIN 04-2746212

Insurance Commissions

$7,580

CBIZ RETIREMENT PLAN SERVICES6+ years

Filed as: CBIZ BENEFITS AND INSURANCE SERVICE

Service code 13 · EIN 52-0807416

Contract Administrator

$6,947

MARYLAND MANAGEMENT COMPANY 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MARYLAND MANAGEMENT COMPANY 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion