Maryland › Other services › 250 to 499 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
Senior Service America, Inc. Staff Pension Plan
Sponsored by Senior Service America, Inc., Silver Spring, 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.
Senior Service America, Inc. of Silver Spring, Maryland sponsors Senior Service America, Inc. Staff Pension Plan, a defined benefit pension plan. Its Form 5500 for the plan year ending 31 Dec 2024 shows 291 participants (90 active) and $53.3M in net assets. It is a multiple-employer plan covering the employees of more than one employer.
Net assets came to $183,165 per participant, well above the $87,254 median for defined benefit plans with 250 to 499 participants and well above the $110,377 median for defined benefit plans in other 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 5 service provider organisations paid $5,000 or more, with reported compensation of $165K: $567 per participant, well above the same-size median of $413. Administrative expenses charged to the plan were $244K. 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 $15.6M in 2009 to $53.3M in 2024 (up 241%), and participants from 237 to 291 (up 23%).
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 DB plans |
|---|---|---|---|---|
| Net assets per participant | $183,165 | $87,254 | $110,377 | $86,221 |
| Employer contributions per active participant | — | $11,032 | $13,001 | $10,244 |
| Schedule C compensation per participant | $567 | $413 | $486 | $344 |
| Schedule C compensation, share of net assets | 0.31% | 0.51% | 0.44% | 0.42% |
| Administrative expenses per participant | $839 | $596 | $662 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 250 to 499 participants (873 plans), other services (226) and all US plans (5,308). 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 | 291 | $53.3M | $183,165 | — | — | $165K |
| 2023 | 292 | $48.6M | $166,596 | — | — | $157K |
| 2022 | 273 | $43.2M | $158,103 | $180K | — | $146K |
| 2021 | 261 | $54.8M | $209,877 | $892K | — | $141K |
| 2020 | 249 | $46.8M | $187,964 | $847K | — | $211K |
| 2019 | 245 | $41.7M | $170,261 | $744K | — | $108K |
| 2018 | 243 | $34.5M | $141,815 | $774K | — | $23K |
| 2017 | 242 | $36.4M | $150,240 | $903K | — | $22K |
| 2016 | 251 | $31.9M | $127,211 | $795K | — | $20K |
| 2015 | 250 | $29.4M | $117,784 | $833K | — | $19K |
| 2014 | 245 | $29.5M | $120,278 | $836K | — | $17K |
| 2013 | 242 | $26.8M | $110,802 | $886K | — | $20K |
| 2012 | 237 | $22.3M | $93,970 | $1.1M | — | $20K |
| 2011 | 240 | $19.7M | $81,900 | $1.6M | — | $20K |
| 2010 | 237 | $18.2M | $76,844 | $1.5M | — | $20K |
| 2009 | 237 | $15.6M | $65,903 | $1.4M | — | $20K |
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$48,646,362
- Employer contributions—
- Participant contributions—
- Rollovers and other contributions—
- Total contributions—
- Total income, including investment results$6,476,511
- Benefits paid$1,577,628
- Administrative expenses$244,207
- Total expenses$1,821,835
- Net income$4,654,676
- Net transfers$0
- Net assets, end of year$53,301,038
Participants
- Active participants90
- Retired or separated, receiving benefits89
- Retired or separated, entitled to future benefits92
- Total participants, end of year291
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| The Segal Company | Actuarial | $102,621 | $0 |
| Amalgamated Bank | Custodial (securities) | $23,855 | $0 |
| Gorfine Schiller & Gardyn PA | Accounting (including auditing) | $17,000 | $0 |
| BlackRock Institutional Trust Compa | Trustee (bank, trust company, or similar financial institution); Trustee (discretionary); Investment management | $11,092 | $0 |
| ADP | Accounting (including auditing) | $10,423 | $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
- Investment advisory and management fees$244,207
- Total administrative expenses$244,207
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.
- Common/collective trusts$53.2M · 99.7%
- Cash (interest and non-interest bearing)$141K · 0.3%
- Receivables$6,654 · 0.0%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmGorfine, Schiller & Gardyn, P.A.
- 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
1ABenefits are primarily pay related
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 813000: Religious, Grantmaking, Civic, Professional, & Similar Organizations (including condominium and homeowners associations).
Similar plans in Maryland
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| United Association General Officers and Employees Pension Fund | United Association General Officers and Employees Pension Fund Board O | 389 | $208M | $535,925 |
| American Nurses Association Retirement Plan | American Nurses Association | 272 | $2.1M | $7,583 |
| American Speech-Language-Hearing Association Retirement Income Plan | American Speech-Language-Hearing Association | 553 | $99.7M | $180,219 |
| Amalgamated Transit Union Pension Plan for International Officers and Employees | Amalgamated Transit Union | 176 | $90.9M | $516,284 |
| Local 966 Pension Plan | Board of Trustees of Local 966 Pension Plan | 1,923 | $68.7M | $35,700 |
| The Maryland State Education Association Pension Plan and Trust | Maryland State Education Association, Inc. | 159 | $54.1M | $340,149 |
Defined benefit plans in other services closest in size.
Questions and answers
How big is Senior Service America, Inc. Staff Pension Plan?
291 participants at the end of the plan year ending 31 Dec 2024, of whom 90 were active employees, with net assets of $53,301,038. Among defined benefit plans that places it in the 250 to 499 participants band, which held 873 plans in plan year 2024.
What does Senior Service America, 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 $164,991 in compensation to service provider organisations, $567 per participant or 0.31% of net assets. The same-size median among plans reporting any Schedule C compensation was $413 per participant. Administrative expenses on Schedule H were $244,207. 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 Senior Service America, Inc.. Investment advisory or management: BlackRock Institutional Trust Compa. Trustee or custodian: Amalgamated Bank and BlackRock Institutional Trust Compa. The financial statements were audited by Gorfine, Schiller & Gardyn, P.A.. 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 15 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 52-1763637, plan 001, received 15 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.