Maryland › Professional, scientific and technical services › 5,000 to 24,999 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
The Johns Hopkins University Applied Physics Laboratory Pension Plan B
Sponsored by The Johns Hopkins University Applie D Physics Laboratory LLC Jhu/apl, Laurel, MD
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. Form 5500 contains no individual account balances. Look up the original filing at EFAST2.
The Johns Hopkins University Applied Physics Laboratory Pension Plan B is a 403(b) plan sponsored by The Johns Hopkins University Applie D Physics Laboratory LLC Jhu/apl of Laurel, Maryland. For the plan year ending 31 Dec 2024 it reported 12,649 participants, 9,322 of them active, and net assets of $2.99B.
Net assets came to $236,316 per participant, well above the $64,499 median for defined contribution plans with 5,000 to 24,999 participants and well above the $73,951 median for defined contribution plans in professional, scientific and technical services. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
Schedule C lists 2 service provider organisations paid $5,000 or more, with reported compensation of $916K: $72.45 per participant, well above the same-size median of $53.38. Administrative expenses charged to the plan were $906K. Schedule C does not capture every cost: fees netted from fund returns and fees the employer pays directly are outside it.
Across the filings on record, net assets went from $735M in 2009 to $2.99B in 2024 (up 307%), and participants from 7,526 to 12,649 (up 68%).
The independent accountant's opinion on the financial statements was unmodified (unqualified), from an audit whose scope was limited under ERISA section 103(a)(3)(C) to exclude investment information certified by a bank or insurer.
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DC plans |
|---|---|---|---|---|
| Net assets per participant | $236,316 | $64,499 | $73,951 | $53,102 |
| Employer contributions per active participant | — | $2,424 | $3,219 | $2,175 |
| Schedule C compensation per participant | $72.45 | $53.38 | $148 | $123 |
| Schedule C compensation, share of net assets | 0.03% | 0.09% | 0.22% | 0.26% |
| Administrative expenses per participant | $71.61 | $54.85 | $140 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 5,000 to 24,999 participants (2,605 plans), professional, scientific and technical services (9,776) and all US plans (63,460). Fee medians cover plans that report an amount.
Trend by plan year
| Plan year | Participants | Net assets | Per participant | Employer contributions | Participant contributions | Schedule C compensation |
|---|---|---|---|---|---|---|
| 2024 | 12,649 | $2.99B | $236,316 | — | $140M | $916K |
| 2023 | 12,799 | $2.65B | $207,288 | — | $65.9M | $417K |
| 2022 | 12,662 | $2.47B | $195,251 | — | $129M | $744K |
| 2021 | 11,859 | $2.18B | $183,984 | — | $113M | $746K |
| 2020 | 11,312 | $2.51B | $222,110 | — | $102M | $712K |
| 2019 | 10,951 | $1.93B | $176,536 | — | $92.2M | $629K |
| 2018 | 10,485 | $1.82B | $173,364 | — | $83.2M | $594K |
| 2017 | 9,783 | $1.70B | $173,527 | — | $75.4M | $512K |
| 2016 | 9,379 | $1.54B | $164,498 | — | $69.2M | $472K |
| 2015 | 8,807 | $1.34B | $151,709 | — | $63.1M | $346K |
| 2014 | 8,378 | $1.30B | $155,592 | — | $68.0M | $100K |
| 2013 | 8,006 | $1.23B | $153,831 | — | $60.9M | $80K |
| 2012 | 7,788 | $1.04B | $133,580 | — | $58.4M | $43K |
| 2011 | 7,598 | $916M | $120,494 | — | $55.3M | $17K |
| 2010 | 7,558 | $890M | $117,703 | — | $48.7M | $12K |
| 2009 | 7,526 | $735M | $97,640 | — | $46.3M | $10K |
Years in which the plan filed the full Form 5500 with 100 or more participants, from 2009. Plan year is the year in which the plan year began.
Statement for the year
- Net assets, beginning of year$2,653,072,821
- Employer contributions—
- Participant contributions$140,000,522
- Rollovers and other contributions$22,536,345
- Total contributions$162,536,867
- Total income, including investment results$519,332,083
- Benefits paid$182,312,503
- Administrative expenses$905,802
- Total expenses$183,239,887
- Net income$336,092,196
- Net transfers$0
- Net assets, end of year$2,989,165,017
Participants
- Active participants9,322
- Retired or separated, receiving benefits264
- Retired or separated, entitled to future benefits3,025
- Participants with account balances12,524
- Total participants, end of year12,649
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Vanguard Advisers Inc. | Investment advisory (participants) | $574,156 | $0 |
| The Vanguard Group, Inc. | Recordkeeping and information management; Consulting (general); Custodial (securities); Participant loan processing | $342,288 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. Individuals named on Schedule C (plan employees, individual trustees) are never shown and their compensation is excluded. Eligible indirect compensation disclosed by formula carries no dollar amount. See how to read Schedule C fees.
Administrative expenses on Schedule H
- Other administrative expenses$905,802
- Total administrative expenses$905,802
Investment structure
Assets at year end by Schedule H category. The form shows the kind of vehicle holding the money, not the funds on the menu.
- Registered investment companies (mutual funds)$2.84B · 94.9%
- Insurance company general account$137M · 4.6%
- Participant loans$10.9M · 0.4%
- Pooled separate accounts$6.0M · 0.2%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)Yes
- Accounting firmSB & Company
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $5,000,000
- Blackout period during the yearNo
These are the plan administrator's own answers on Schedule H, Part IV. A reported late transmittal is the filer's disclosure of a timing lapse, usually corrected through the Department of Labor's voluntary program; the amount is the total involved, not a loss.
Plan characteristics
2FERISA section 404(c) plan2GTotal participant-directed account plan2LCode section 403(b)(1) arrangement (annuity contracts)2MCode section 403(b)(7) accounts (custodial accounts for regulated investment company stock)2S401(k) plan or 403(b) plan that provides for automatic enrollment2TTotal or partial participant-directed account plan with a default investment account3FPlan sponsor(s) received services of leased employees3HPlan sponsor(s) is (are) a member(s) of a controlled group
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 541700: Scientific Research & Development Services.
Other plans of The Johns Hopkins University Applie D Physics Laboratory LLC Jhu/apl
| Plan | Participants | Net assets |
|---|---|---|
| The Johns Hopkins University Applied Physics Laboratory Pension Plan a | 11,679 | $2.97B |
Similar plans in Maryland
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| The Johns Hopkins University Applied Physics Laboratory Pension Plan a | The Johns Hopkins University Applie D Physics Laboratory LLC Jhu/apl | 11,679 | $2.97B | $254,276 |
| Healthpro-Heritage 401(k) Plan | Health Pro Management Services, LLC | 8,548 | $162M | $18,940 |
| Learn IT Systems, LLC 401(k) Plan | Learn IT Systems, LLC | 8,022 | $77.5M | $9,655 |
| Westat, Inc. Savings Plan | Westat, Inc. | 7,889 | $757M | $95,959 |
| Henry M. Jackson Foundation Defined Contribution Retirement Plan | The Henry M. Jackson Foundation for the Adv of Military Medicine, Inc. | 7,411 | $616M | $83,163 |
| Dla Piper LLP (US) Profit Sharing and 401(k) Savings Plan | Dla Piper LLP (US) | 4,436 | $1.74B | $392,467 |
Defined contribution plans in professional, scientific and technical services closest in size.
Questions and answers
How big is The Johns Hopkins University Applied Physics Laboratory Pension Plan B?
12,649 participants at the end of the plan year ending 31 Dec 2024, of whom 9,322 were active employees, with net assets of $2,989,165,017. Among defined contribution plans that places it in the 5,000 to 24,999 participants band, which held 2,605 plans in plan year 2024.
What does The Johns Hopkins University Applie D Physics Laboratory LLC Jhu/apl contribute per participant?
This filing has no Schedule H financial statement, so employer contributions are not reported here.
What fees does the plan pay and how do they compare?
Schedule C reports $916,444 in compensation to service provider organisations, $72.45 per participant or 0.03% of net assets. The same-size median among plans reporting any Schedule C compensation was $53.38 per participant. Administrative expenses on Schedule H were $905,802. Investment costs deducted inside mutual funds and other pooled vehicles are not itemised on Form 5500, so these figures are a floor rather than a full cost.
Who runs the plan?
The sponsor is The Johns Hopkins University Applie D Physics Laboratory LLC Jhu/apl. Recordkeeping or administration: The Vanguard Group, Inc.. Investment advisory or management: Vanguard Advisers Inc.. Trustee or custodian: The Vanguard Group, Inc.. The financial statements were audited by SB & Company. Form 5500 also names the plan administrator's signer and other individuals; this site publishes organisations only.
Was the audit opinion unqualified?
The filing reports an unmodified (unqualified) opinion from a limited-scope audit, in which the accountant did not audit investment information certified by a bank or insurance company. Unmodified (formerly "unqualified") is the standard clean opinion.
How current is this, and does it show my balance?
This is the Form 5500 for the plan year 1 Jan 2024 to 31 Dec 2024, received by the Department of Labor on 14 Oct 2025. Filings are due seven months after the plan year ends, or nine and a half with an extension, so the public record always runs a year or more behind. It contains plan-level totals only: no individual balances, contributions or names of participants exist in the data.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files (Form 5500, Schedule H, Schedule C) for plan years 2009 to 2025, public domain, with filings received through 24 Aug 2026. This page shows the latest filing on record for EIN 52-0595111, plan 002, received 14 Oct 2025; an amended filing replaces it at the next build. Medians and percentiles are computed by this site; see the methodology. Report an error through corrections.