Department of Labor filing

MARYLAND RURAL DEVELOPMENT CORPORATION

MRDC 401(K) PLAN · For the plan year ended Dec 31, 2024

Public filing 2024 · received Oct 15, 2025Verified current terms Not available

Plan at a glance

How good does the filing look?

62filing comparison
out of 100

The filing looks somewhat better than typical peers on the measures we can compare. This is a filing comparison, not a complete benefits score.

$Employer support

$4,209

Reported employer contributions per active participant.

Higher than about 67% of comparable plans

#People in the filing

115

Active participants reported for 2024.

The filing does not say how many employees are currently contributing.

¢Visible plan-paid fees

$106 / participant

Reported administrative expense—not every fee an employee may pay.

Lower cost than about 49% of comparable plans

↗Investment performance

Not available

Plan assets changed 19.8%, but that includes contributions, withdrawals, and market movement.

Asset change is not investment performance.

What we still need to judge the benefit

Current match formula, vesting, eligibility, investment choices, fund expense ratios, and employee-level fees.

See missing terms ↓

Filing comparison · 202462out of 100 among similar-size plans in the same industry when enough peers exist

How this filing compares

Reported employer contributions67th percentileTypical peer $2,620 · based on 595 comparable plans

Lower reported administrative expense49th percentileTypical peer $101 · based on 590 comparable plans

This comparison uses historical filing figures. It does not compare current match formulas, vesting, investments, or employee fees.

The short version

What the latest filing tells us

For the plan year ended Dec 31, 2024, MARYLAND RURAL DEVELOPMENT CORPORATION reported $484,043 in employer contributions across the plan and 115 active participants. That works out to $4,209 per active participant. It is useful context, but it is not the current match formula and it does not show what any one employee received.

Participation proxy44%

Active participants divided by all end-of-year plan participants. This is not the company participation rate because the filing does not report every eligible employee.

Employer money trendUp 1816.8%

Change in reported employer contribution per active participant across the filing history shown.

Expense trendUp 1483.5%

Change in reported administrative expense per participant. Investment expenses may not be included.

Peer context62/100

A filing comparison among similar-size plans in the same industry when enough peers exist.

Where the public filing stops

Current match, vesting, eligibility, employee fees, and investment choices require a dated plan document. Until we have one, those details stay blank.

Latest financial record

Contributions, assets, and expenses

These figures are reported totals for the plan—not individual account balances or promises to any employee.

Employer contributions: $484,043
Participant contributions: $94,596
Other contributions: $30,237
Employer share of reported contributions: 83.7%
Beginning assets: $2,498,589
Ending assets: $2,993,302
Ending net assets: $2,993,302
Ending liabilities: $0
Total income: $912,343
Total expenses: $417,630
Administrative expenses: $27,029
Participant loans: $64,386

Three-year filing history

How the reported figures changed

Each chart uses its own scale and starts at zero. When the filing has no value, the chart says so rather than turning it into a zero.

Employer contributions reported per active participant

2022

$220

2023

$2,960

2024

$4,209

Plan-paid administrative expenses per participant

2022

2023

$48

2024

$106

Active participants

2022

179

2023

123

2024

115

Detailed filing history
Plan year	Per active participant	Active participants	Plan assets	Filing ID
2024	$4,209	115	3M	20251015081203NAL0002008579001
2023	$2,960	123	2.5M	20250227080436NAL0001172531001
2022	$220	179	2M	20231012164935NAL0064809858001

Changes in plan assets are not the same as investment performance. Each row uses the selected public filing for that year.

Plan operations

Details worth knowing

Participant loans as a share of plan assets: 2.2%
Independent accountant’s opinion: Unqualified opinion Code 1
Late participant contributions reported: Not stated in the filing
Public plan identifier: 521184645-001

Reported plan details

Identity and filing status

Plan type: Retirement plan
Employer arrangement: Single-employer plan
Plan effective date: Jan 1, 1997
Industry: Other services
Amended filing: No
Final filing for this plan: No
Short plan year: No
401(k) feature reported: Yes
Show DOL characteristic codes
2G3D2J2K2E2S2T

Reported service providers

Organizations named in the latest filing

The public dataset does not always identify a provider’s exact role. Compensation stays blank when it was not separately reported.

Provider	Plan year	Direct compensation	Indirect compensation
AMERICAN CENTURY INVESTMENTS	2023	Not reported	unknown
AMERICAN FUNDS	2023	Not reported	unknown
CALVERT RESEARCH AND MANAGEMENT	2023	Not reported	unknown
DEALAWARE FUNDS BY MACQUARIE	2023	Not reported	unknown
DWS	2023	Not reported	unknown
FIDELITY INVESTMENTS	2023	Not reported	unknown
GOLDMAN SACHS	2023	Not reported	unknown
INVESCO	2023	Not reported	unknown
MFS	2023	Not reported	unknown
MUTUAL OF AMERICA	2023	Not reported	unknown
NEUBERGER BERMAN	2023	Not reported	unknown
PIMCO	2023	Not reported	unknown
T. ROWE PRICE	2023	Not reported	unknown
VANGUARD	2023	Not reported	unknown
VICTORY CAPITAL MANAGEMENT INC.	2023	Not reported	unknown

Current plan terms

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Filing ACK_ID20251015081203NAL0002008579001

Data sourceDOL Form 5500 bulk data ↗

Filing searchEFAST2 ↗