Offit Kurman, P.A. 401(k) Review & Grade
Offit Kurman, P.A. 401(k) Profit Sharing Plan
Bethesda, MDProfessional, Scientific & Technical Services550 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,124Employer $ per active participant
$11,445Employee $ saved per active participant
0.10%Direct admin cost, % of plan assets
$86.9MNet plan assets, end of year
$128,876Average balance per account
Score breakdown
- Employer generosity17.6 / 5035th percentile for employer $ per participant
- Low cost18.8 / 2575th percentile for low admin cost vs. same-size plans
- Employee saving10.4 / 1570th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score57 / 100 · Grade C
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 35th |
| Lower admin cost | 75th |
| Employee saving | 70th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Offit Kurman, P.A. put in about $2,124 per active participant, below the typical peer ($3,082). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $1,169,482 |
| Participant (employee) contributions | $6,300,294 |
| Other contributions (incl. rollovers in) | $3,702,709 |
| Administrative expenses paid from the plan | $79,558 |
| Investment advisory & management fees | $34,756 |
| Other admin expenses | $5,486 |
| Benefits paid out | $14,245,485 |
| Net assets, start / end of year | $80.1M / $86.9M |
| Active participants, start / end of year | 577 / 524 |
| Participants with account balances | 674 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Benefit Audit Group LLC |
Largest service providers (Schedule C)
| Kestra Investment Services LLC | $34,756 reported compensation |
| Fidelity Investments Institutional | $28,916 reported compensation |
| Benefit Audit Group, LLC | $10,400 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251007105133NAL0004654129001, received 2025-10-07, EIN 52-1518021, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.