University of Maryland Medical System 403(b) match, vesting and fees
What University of Maryland Medical System's 403(b) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Empower Annuity Insurance Company O | Schedule C ↗ |
| Independent auditor | Cliftonlarsonallen LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 403(b) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 1,380 defined-contribution plans in health care and social assistance with 500 to 999 participants.
| University of Maryland Medical System: employer contribution per participant | $316 | |
| Peer median | $1,337 |
| University of Maryland Medical System: average balance | $2,346 | |
| Peer median | $35,764 |
| University of Maryland Medical System: admin expenses ÷ assets | 0.10% | |
| Peer median | 0.32% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $38.8M at the end of plan year 2021 to $1.2M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 503 | $1.2M | $159K | $316 | 0.10% | Not published | Form 5500 ↗ |
| 2023 | 209 | $12M | $92K | $440 | <0.01% | Not published | Form 5500 ↗ |
| 2022 | 218 | $10.3M | $213K | $977 | 0.82% | Not published | Form 5500 ↗ |
| 2021 | 921 | $38.8M | $356K | $570 | 0.63% | Not published | Form 5500 ↗ |
Common questions
Does University of Maryland Medical System match 401(k) contributions?
The match terms for the University of Maryland Charles Regional Medical Center Retirement Savings Plan have not been published from its filing yet. The plan year 2024 filing reports $159K in employer contributions, about $316 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the University of Maryland Medical System 401(k) match vested?
The vesting schedule for the University of Maryland Charles Regional Medical Center Retirement Savings Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the University of Maryland Medical System 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Empower Annuity Insurance Company O. The plan administrator is University of Maryland Medical System.
I left University of Maryland Medical System. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (University of Maryland Medical System, (443) 462-5365) or the recordkeeper, Empower Annuity Insurance Company O. The University of Maryland Medical System old 401(k) page lists the contacts from every plan filing. Find an old University of Maryland Medical System 401(k)
Data from the public Form 5500 annual reports University of Maryland Medical System filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with University of Maryland Medical System. Not financial advice. Report a correction · Methodology