Maryland › Information › 100 to 249 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
Systems Connection of Maryland, Inc. Employee Stock Ownership Plan
Sponsored by Systems Connection of Maryland, Inc., Savage, 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.
Systems Connection of Maryland, Inc. Employee Stock Ownership Plan is an employee stock ownership plan sponsored by Systems Connection of Maryland, Inc. of Savage, Maryland. For the plan year ending 31 Dec 2024 it reported 161 participants, 75 of them active, and net assets of $4.8M.
Net assets came to $30,000 per participant, well below the $60,185 median for defined contribution plans with 100 to 249 participants and well below the $67,311 median for defined contribution plans in information. 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 1 service provider organisation paid $5,000 or more, with reported compensation of $14K: $84.30 per participant, well below the same-size median of $194. Administrative expenses charged to the plan were $18K. 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 $2.5M in 2009 to $4.8M in 2024 (up 95%), and participants from 220 to 161 (down 27%).
The independent accountant's opinion on the financial statements was unmodified (unqualified).
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DC plans |
|---|---|---|---|---|
| Net assets per participant | $30,000 | $60,185 | $67,311 | $53,102 |
| Employer contributions per active participant | — | $2,447 | $2,928 | $2,175 |
| Schedule C compensation per participant | $84.30 | $194 | $121 | $123 |
| Schedule C compensation, share of net assets | 0.28% | 0.32% | 0.19% | 0.26% |
| Administrative expenses per participant | $113 | $176 | $116 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 100 to 249 participants (21,996 plans), information (1,830) 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 | 161 | $4.8M | $30,000 | — | — | $14K |
| 2023 | 167 | $2.7M | $15,964 | — | — | $13K |
| 2022 | 175 | $2.8M | $15,806 | — | — | $13K |
| 2018 | 200 | $2.8M | $13,860 | — | — | $20K |
| 2016 | 219 | $2.6M | $11,977 | — | — | $18K |
| 2015 | 222 | $2.8M | $12,518 | — | — | $18K |
| 2014 | 217 | $3.0M | $13,806 | $150K | — | $19K |
| 2013 | 217 | $3.1M | $14,171 | $2,000 | — | $17K |
| 2012 | 226 | $2.9M | $12,681 | — | — | $15K |
| 2011 | 217 | $2.9M | $13,382 | $500K | — | $12K |
| 2010 | 230 | $2.9M | $12,652 | $200K | — | $15K |
| 2009 | 220 | $2.5M | $11,259 | $28K | — | $13K |
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$2,666,218
- Employer contributions—
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$0
- Total income, including investment results$2,510,584
- Benefits paid$328,505
- Administrative expenses$18,248
- Total expenses$346,753
- Net income$2,163,831
- Net transfers$0
- Net assets, end of year$4,830,049
Participants
- Active participants75
- Retired or separated, receiving benefits4
- Retired or separated, entitled to future benefits81
- Participants with account balances151
- Total participants, end of year161
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| SEI | Investment advisory (plan); Investment management | $13,573 | $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
- Recordkeeping fees$18,248
- Total administrative expenses$18,248
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.
- Employer securities$3.0M · 58.2%
- Registered investment companies (mutual funds)$2.1M · 41.1%
- Cash (interest and non-interest bearing)$37K · 0.7%
- Receivables$387 · 0.0%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmAprio, LLP
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $1,000,000
- 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
2OESOP other than a leveraged ESOP3IPlan requiring that all or part of employer contributions be invested and held in employer securities2IStock bonus
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 519100: Other Information Services (including news syndicates, libraries, internet publishing & broadcasting).
Similar plans in Maryland
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Protenus, Inc. 401(k) Plan | Protenus, Inc. | 165 | $9.4M | $57,261 |
| Bonten Media Group Inc. Employee Retirement Savings Plan | Sinclair Broadcast Group, LLC | 142 | $7.2M | $50,517 |
| Total Biz Fulfillment, Inc. 401(k) Profit Sharing Plan | Total Biz Fulfillment, Inc. | 174 | $4.8M | $27,840 |
| Datalab USA, LLC 401(k) Profit Sharing Plan | Datalab USA, LLC | 138 | $38.3M | $277,652 |
| Think Systems, Inc. 401(k) Plan | Think Systems, Inc. | 176 | $7.1M | $40,270 |
| The Maslow Media Group, Inc. 401(k) Plan | The Maslow Media Group, Inc. | 134 | $3.7M | $27,645 |
Defined contribution plans in information closest in size.
Questions and answers
How big is Systems Connection of Maryland, Inc. Employee Stock Ownership Plan?
161 participants at the end of the plan year ending 31 Dec 2024, of whom 75 were active employees, with net assets of $4,830,049. Among defined contribution plans that places it in the 100 to 249 participants band, which held 21,996 plans in plan year 2024.
What does Systems Connection of Maryland, Inc. 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 $13,573 in compensation to service provider organisations, $84.30 per participant or 0.28% of net assets. The same-size median among plans reporting any Schedule C compensation was $194 per participant. Administrative expenses on Schedule H were $18,248. 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 Systems Connection of Maryland, Inc.. Investment advisory or management: SEI. The financial statements were audited by Aprio, LLP. 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. 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 7 Jan 2026. 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 52-1544972, plan 002, received 7 Jan 2026; 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.