Plan Ledger DOL Form 5500 · updated monthly

Avesta Housing Development Corp.401(k)

AVESTA HOUSING DEVELOPMENT CORP. 401(K) PLAN · PORTLAND, ME · plan year 2024

Reported admin expense ratio · 2024
0.83%

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

Avesta Housing Development Corp. reported $92,146 in plan administrative expenses for 2024: 0.83% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,650 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 0.65% to 0.83%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other real estate & leasing employers. By assets it is among the smaller plans on file in Maine (207th of 354), and the 987th of 2,096 in real estate & leasing. In 2024, employees put in $1.44 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$11,960,579
Participants with balances278
Active participants258
Employer contributions$683,785
Employee contributions$981,953
Employer contribution per active participant$2,650
Average account balance$43,024
Benefits paid to participants$1,317,621
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$12.0M · 278 accts · $684K emplr
2023$10.1M · 270 accts · $623K emplr
2022$7.8M · 247 accts · $501K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$55,415
Investment management$36,731
Total administrative$92,146
The Avesta Housing Development Corp. 401(k) match · 2024
Employer contribution per active participant$2,650
Median for plans this size$2,416
2024$2,650 per active participant
2023$2,349 per active participant
2022$2,030 per active participant

Avesta Housing Development Corp.'s 2024 employer contribution ran above the $2,416 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
COMMONWEALTH EQUITY SERVICES LLC DB · Investment advisory (plan)$34,933
EMPOWER ADVISORY GROUP, LLC · Investment management$1,798

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$92,146 · 0.83%
2023$71,134 · 0.80%
2022$53,857 · 0.65%
Same employer
Similar plansReal Estate & Leasing · Maine
Shp Management Corp ME$17.7M · 0.32%
Gmh Associates, Inc. PA$12.0M · 0.79%
Crm Management, LLC FL$11.9M · 0.55%
Sudler and Company, Inc. IL$11.9M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 010315296 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.