Plan Ledger DOL Form 5500 · updated monthly

Butler Bros.401(k)

BUTLER BROS. 401(K) PLAN · LEWISTON, ME · plan year 2024

Reported admin expense ratio · 2024
0.31%

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

Butler Bros. reported $48,928 in plan administrative expenses for 2024: 0.31% of average plan assets, above the peer median. Employer contributions averaged $1,948 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 3 years on file its reported administrative ratio has held roughly steady near 0.31%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is the 161st-largest of 354 plans among Maine employers on file, and 2,140th of 4,246 in wholesale trade. In 2024, employees put in $3.18 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$17,220,736
Participants with balances166
Active participants141
Employer contributions$274,708
Employee contributions$873,238
Employer contribution per active participant$1,948
Average account balance$103,739
Benefits paid to participants$596,177
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$17.2M · 166 accts · $275K emplr
2023$14.7M · 153 accts · $260K emplr
2022$12.9M · 143 accts · $246K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$48,928
Total administrative$48,928
The Butler Bros. 401(k) match · 2024
Employer contribution per active participant$1,948
Median for plans this size$2,416
2024$1,948 per active participant
2023$1,941 per active participant
2022$1,903 per active participant

Butler Bros.'s 2024 employer contribution ran below 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 · 20242
AMERIPRISE FINANCIAL · Investment advisory (participants) · Investment advisory (plan)$39,060
THE VANGUARD GROUP · Custodial (securities)$11,083

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$48,928 · 0.31%
2023$41,809 · 0.30%
2022$42,423 · 0.30%
Same employer
Similar plansWholesale Trade · Maine
Chadwick-Baross, Inc. ME$21.1M · 0.23%
Kardex Remstar, LLC ME$20.6M · 0.41%
Nappi Distributors, Inc. ME$18.6M · 0.08%
W.D. Matthews Machinery Co. ME$14.7M · 0.07%
R. H. Foster Energy, LLC ME$14.6M · 0.72%
C.N. Brown Company ME$14.6M · 0.60%
National Distributors, Inc. ME$14.1M · 0.42%

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Source: U.S. Department of Labor, Form 5500 series, EIN 010227197 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.