Plan Ledger DOL Form 5500 · updated monthly

Combined Management, Inc.401(k)

COMBINED MANAGEMENT, INC. 401(K) PROFIT SHARING PLAN · LEWISTON, ME · plan year 2024

Reported admin expense ratio · 2024
1.01%

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

Combined Management, Inc. reported $74,851 in plan administrative expenses for 2024: 1.01% of average plan assets, higher than ~75% of peers. Employer contributions averaged $621 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 0.83% to 1.01%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Maine (244th of 354), and 8,808th of 11,654 in professional & technical services. In 2024, employees put in $3.13 for every $1.00 the employer contributed; active participation has grown from 298 to 375 since 2022.

Plan summary
Net assets, end of year$7,654,895
Participants with balances234
Active participants375
Employer contributions$232,689
Employee contributions$727,492
Employer contribution per active participant$621
Average account balance$32,713
Benefits paid to participants$1,385,407
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$7.7M · 234 accts · $233K emplr
2023$7.2M · 234 accts · $271K emplr
2022$5.7M · 208 accts · $262K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$25,838
Investment management$29,480
Audit (IQPA)$10,000
Total administrative$74,851
The Combined Management, Inc. 401(k) match · 2024
Employer contribution per active participant$621
Median for plans this size$1,313
2024$621 per active participant
2023$773 per active participant
2022$879 per active participant

Combined Management, Inc.'s 2024 employer contribution ran below the $1,313 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 · Investment management$25,838
CHOICE WEALTH ADVISORS · Investment advisory (participants)$29,480
BERRY DUNN MCNEIL & PARKER, LLC · Accounting / audit$10,000
THE MANDMARBLESTONE GROUP LLC · Consulting$9,533

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$74,851 · 1.01%
2023$63,743 · 0.99%
2022$50,234 · 0.83%
Similar plansProfessional & Technical Services · Maine
S.W. Cole Engineering, Inc. ME$14.2M · 0.35%
Veritas Prime ME$9.4M · 0.33%
Epco, LLC ME$3.2M · 0.27%
Jmc Associates, P.A. ME$1.6M · 0.05%
Ll Ny Payroll LLC ME$1.4M · 0.24%
Gentle Dental ME$480K · 1.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 010469265 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.