Plan Ledger DOL Form 5500 · updated monthly

Aroostook County Action Program, Inc.403(b)

AROOSTOOK COUNTY ACTION PROGRAM TAX SHELTERED RETIREMENT PLAN · PRESQUE ISLE, ME · plan year 2024

Reported admin expense ratio · 2024
0.71%

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

Aroostook County Action Program, Inc. reported $45,450 in plan administrative expenses for 2024: 0.71% of average plan assets, above the peer median. Employer contributions averaged $1,020 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 rose from 0.02% to 0.71%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Maine (258th of 354), and 7,076th of 11,911 in health care & social assistance. In 2024, employees put in $1.07 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$6,551,454
Participants with balances202
Active participants195
Employer contributions$198,833
Employee contributions$211,785
Employer contribution per active participant$1,020
Average account balance$32,433
Benefits paid to participants$913,169
Plan history3
Yearassets · accounts · employer contribution
2024$6.6M · 202 accts · $199K emplr
2023$6.2M · 221 accts · $177K emplr
2022$6.4M · 230 accts · $175K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$45,450
Total administrative$45,450
Employer contributions to the Aroostook County Action Program, Inc. plan · 2024
Employer contribution per active participant$1,020
Median for plans this size$1,313
2024$1,020 per active participant
2023$841 per active participant
2022$911 per active participant

Aroostook County Action Program, Inc.'s 2024 employer contribution ran below the $1,313 median for plans its size. 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 · 20243
AMERITAS LIFE INSURANCE CORPORATION · Recordkeeping$3,633
UNITED PENSION DESIGNS, LLC · Contract administrator$7,750

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

Administrative cost history3
2024$45,450 · 0.71%
2023$26,010 · 0.41%
2022$1,557 · 0.02%
Same employer
Similar plansHealth Care & Social Assistance · Maine
Creative Works ME$7.2M · 0.38%
New Communities, Inc. ME$6.8M · 0.36%
Waypoint Maine, Inc. ME$5.8M · 0.70%

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Source: U.S. Department of Labor, Form 5500 series, EIN 010315849 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.