Plan Ledger DOL Form 5500 · updated monthly

Alcom, LLC401(k)

ALCOM, LLC 401(K) PLAN · WINSLOW, ME · plan year 2024

Reported admin expense ratio · 2024
1.37%

Peer grade: D · admin costs + employer contributions vs same-size plans · how grading works

Alcom, LLC reported $209,671 in plan administrative expenses for 2024: 1.37% of average plan assets, higher than ~90% of peers. Employer contributions averaged $909 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 1.57% to 1.37%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 176th-largest of 354 plans among Maine employers on file, and 6,912th of 13,661 in manufacturing. In 2024, employees put in $1.36 for every $1.00 the employer contributed; active participation has grown from 584 to 961 since 2022.

Plan summary
Net assets, end of year$15,617,155
Participants with balances962
Active participants961
Employer contributions$873,656
Employee contributions$1,188,483
Employer contribution per active participant$909
Average account balance$16,234
Benefits paid to participants$3,346,051
Plan auditUnmodified (clean) audit opinion
AuditorLONG & ASSOCIATES P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$15.6M · 962 accts · $874K emplr
2023$14.9M · 461 accts · $898K emplr
2022$11.5M · $912K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$146,104
Investment management$63,567
Total administrative$209,671
The Alcom, LLC 401(k) match · 2024
Employer contribution per active participant$909
Median for plans this size$2,416
2024$909 per active participant
2023$1,690 per active participant
2022$1,561 per active participant

Alcom, LLC's 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20244
JOHN HANCOCK LIFE INSURANCE COMPANY · Recordkeeping$15,983
THE ROSE FINANCIAL GROUP, LLC · Plan administrator$36,625
CHOICE WEATLH ADVISORS · Investment advisory (participants)indirect comp
WILSHIRE ASSOCIATES · Investment advisory (participants)indirect comp

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024John Hancock
2023John Hancock

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$209,671 · 1.37%
2023$176,385 · 1.34%
2022$143,242 · 1.57%
Same employer
Similar plansManufacturing · Maine
Mowi USA, LLC ME$18.8M · 0.29%
Tex-Tech Industries, Inc. ME$17.7M · 0.49%
Allagash Brewing Company ME$16.6M · 0.25%
Enercon Technologies ME$15.6M · 0.18%
The Dingley Press, Inc. ME$14.6M · 0.56%
Sabre Yachts ME$13.9M · 0.11%
Stratton Lumber, Inc. ME$11.2M · 0.35%

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Source: U.S. Department of Labor, Form 5500 series, EIN 841692055 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.