Board Directors of Profit Sharing & 401(K) Retirement Plan Local 567401(k)

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

Board Directors of Profit Sharing & 401(K) Retirement Plan Local 567 reported $278,916 in plan administrative expenses for 2024: 0.39% of average plan assets, higher than ~90% of peers. Employer contributions averaged $7,436 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 0.34% to 0.39%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other construction employers. By assets it is the 48th-largest of 354 plans among Maine employers on file, and the 807th of 5,337 in construction. In 2024, the employer put in $38.03 for every $1.00 employees contributed themselves; active participation has grown from 401 to 460 since 2022.