Plan Ledger DOL Form 5500 · updated monthly

Community Concepts, Inc.403(b)

COMMUNITY CONCEPTS, INC. TAX DEFERRED ANNUITY PLAN · LEWISTON, ME · plan year 2024

Reported admin expense ratio · 2024
0.85%

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

Community Concepts, Inc. reported $98,706 in plan administrative expenses for 2024: 0.85% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,324 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 0.85%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Maine (198th of 354), and the 4,979th of 11,911 in health care & social assistance. In 2024, employees put in $1.16 for every $1.00 the employer contributed; active participation has grown from 262 to 349 since 2022.

Plan summary
Net assets, end of year$12,704,656
Participants with balances346
Active participants349
Employer contributions$462,058
Employee contributions$534,277
Employer contribution per active participant$1,324
Average account balance$36,719
Benefits paid to participants$632,006
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$12.7M · 346 accts · $462K emplr
2023$10.6M · 309 accts · $431K emplr
2022$10.1M · 321 accts · $429K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$98,706
Total administrative$98,706
Employer contributions to the Community Concepts, Inc. plan · 2024
Employer contribution per active participant$1,324
Median for plans this size$2,416
2024$1,324 per active participant
2023$1,557 per active participant
2022$1,638 per active participant

Community Concepts, Inc.'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 · 20243
PRINCIPAL LIFE INSURANCE CO · Contract administrator · Loan processing$98,706
VOYAindirect comp
HEALEY AND ASSOCIATES, INC · Investment advisory (plan) · Other servicesindirect comp

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$98,706 · 0.85%
2023$86,799 · 0.84%
2022$99,352 · 0.89%
Same employer
Similar plansHealth Care & Social Assistance · Maine
Opportunity Alliance ME$18.1M · 0.52%
Pines Health Services ME$14.6M · 0.41%
Calais Community Hospital ME$12.6M · 0.57%
First Atlantic Corporation ME$11.8M · 0.66%

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Source: U.S. Department of Labor, Form 5500 series, EIN 010424969 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.