Maryland General Hospital, Inc. Dba Ummc Midtown Campus 401(k) Plan: Login, Facts & Contact Information

Maryland General Hospital, Inc. Dba Ummc Midtown Campus 401(k) Plan Facts

Plan name
UNIVERSITY OF MARYLAND MEDICAL CENTER MIDTOWN CAMPUS 401(K) PROFIT SHARING PLAN FOR UNION EMPLOYEES
Plan type
401(k) and profit sharing
Plan sponsor
MARYLAND GENERAL HOSPITAL, INC. DBA UMMC MIDTOWN CAMPUS
Participants
410 (369 active employees)
Former employees with a balance
62
Plan assets
$6,907,396 at Dec 31, 2023
Average account balance
$15,952 across 433 accounts
Employer contributions
$348,759 in plan year 2023 (42% of all contributions)
Recordkeeper
Prudential Retirement Insurance And
Plan year
Jan 1, 2023 – Dec 31, 2023
Plan established
Jul 1, 1989
— Employer contributions— Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments— Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2023 (Jan 1, 2023 – Dec 31, 2023), filed Sep 24, 2024. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2023

  • $821,739 went into the plan in contributions, $348,759 of it from the employer (42%).
  • $620,386 was paid out to participants.
  • Investment and other income added $922,481.
  • Administrative expenses were $27,787, about $64 per account.

How the Maryland General Hospital, Inc. Dba Ummc Midtown Campus 401(k) changed, 2018–2023

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2018262$4.74 million$345,380$276,794
2019330$5.50 million$336,349$392,931
2020391$7.10 million$421,563$210,988
2021392$7.36 million$348,217$966,775
2022398$5.81 million$292,599$597,595
2023410$6.91 million$348,759$620,386

Maryland General Hospital, Inc. Dba Ummc Midtown Campus 401(k) Contact Information

Phone
443-462-5365
Mailing address
920 ELKRIDGE LANDING ROAD, LINTHICUM MD 21090
Plan sponsor
MARYLAND GENERAL HOSPITAL, INC. DBA UMMC MIDTOWN CAMPUS
Employer identification number (EIN)
52-0591667
Plan number
006

Questions about the Maryland General Hospital, Inc. Dba Ummc Midtown Campus 401(k)

Does Maryland General Hospital, Inc. Dba Ummc Midtown Campus contribute to the 401(k)?

The plan does not report an employer matching arrangement on its Form 5500. It did report $348,759 in employer contributions for plan year 2023.

Does the Maryland General Hospital, Inc. Dba Ummc Midtown Campus 401(k) have automatic enrollment?

No. The plan does not report automatic enrollment; employees enroll themselves.

How many people are in the Maryland General Hospital, Inc. Dba Ummc Midtown Campus 401(k) plan?

410 participants at the start of plan year 2023, 369 of them active employees, and 62 former employees who still had money in the plan.

What is the average 401(k) balance at Maryland General Hospital, Inc. Dba Ummc Midtown Campus?

About $15,952 per account: $6.91 million in plan assets across 433 accounts with a balance at the end of plan year 2023.

Who manages the Maryland General Hospital, Inc. Dba Ummc Midtown Campus 401(k) accounts?

Empower (listed on the filing as PRUDENTIAL RETIREMENT INSURANCE AND) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Maryland General Hospital, Inc. Dba Ummc Midtown Campus. How do I access my 401(k)?

Your account stays with Empower after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.

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