LUTHERAN SOCIAL MINISTRIES OF MARYLAND, INC.
Westminster, Maryland
Nursing and Residential Care Facilities
All Size Average employees
Retirement Plan Detail
Retirement Plan Ranking
Retirement Plan:
403(B) Thrift Plan For Employees Of Lutheran Social Ministries Of Maryland, Inc.
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Plan Benchmark
Disclaimer: Ratings are based on firm-provided, independently audited data and reflect Mployer Advisor's opinion. They are not financial or legal advice and should be one of many factors considered when evaluating a retirement plan.
$436
Avg Employer Contribution per Person per Year
Competitive
EE Friendly
Plan Design
Top Benefits
EE Friendly
Admin Fees as a % of Total Assets
Top Benefits
13%
1 Year Return
Top Benefits
Peer Group
Size
All Size Average employees
Region
All Region Average
Industry
Health Care and Social Assistance
Employer & Employee Contribution
Factors like longer employee tenure and more generous match rates result in higher contributions.
Average Employer Contribution
Employer
Cohort
Average Employee Contribution
Employee
Cohort
Plan Details
Plan name
403(B) Thrift Plan For Employees Of Lutheran Social Ministries Of Maryland, Inc.
Plan type
DC-Other
Plan start date
07/01/1990
Plan assets
$17,195,703
Participation Rate
83.38 %
Loan %
0.00 %
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Key Plan Features
Each employer retirement plan is unique with different features that can benefit employees.
Loans
Yes
Self-directed
No
Auto-Enroll
Yes
Vesting Requirements
Yes
Returns
The below return percentage is an approximate one-year return. Specific employee start date's and other factors can shift the percentage up or down.
Average Returns
Employer
Cohort
Administrative Fees
Retirement plans pays fees each year to advisors and other vendors. This shows how your fees compare to like plans both as a percent of total and overall.
Administration Fees $
Employer
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Administrative Fees %
Employer
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