Plan Ledger DOL Form 5500 · updated monthly

Connectivity Point Design & Installation, LLC401(k)

CONNECTIVITY POINT 401(K) PLAN · AUBURN, ME · plan year 2024

Reported admin expense ratio · 2024
0.38%

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

Connectivity Point Design & Installation, LLC reported $31,258 in plan administrative expenses for 2024: 0.38% of average plan assets, below the peer median. Employer contributions averaged $790 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 fell from 0.44% to 0.38%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in Maine (236th of 354), and 3,277th of 5,337 in construction. In 2024, employees put in $3.40 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$8,773,944
Participants with balances121
Active participants171
Employer contributions$135,046
Employee contributions$458,559
Employer contribution per active participant$790
Average account balance$72,512
Benefits paid to participants$482,881
Plan auditUnmodified (clean) audit opinion
AuditorOUELLETTE & ASSOCIATES
Plan history3
Yearassets · accounts · employer contribution
2024$8.8M · 121 accts · $135K emplr
2023$7.5M · 121 accts · $131K emplr
2022$6.0M · 112 accts · $116K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$31,258
Total administrative$31,258
The Connectivity Point Design & Installation, LLC 401(k) match · 2024
Employer contribution per active participant$790
Median for plans this size$1,313
2024$790 per active participant
2023$691 per active participant
2022$629 per active participant

Connectivity Point Design & Installation, LLC's 2024 employer contribution ran below the $1,313 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 · 20241
AMERICAN FUNDSindirect 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$31,258 · 0.38%
2023$26,730 · 0.40%
2022$28,726 · 0.44%
Same employer
Similar plansConstruction · Maine
Knickerbocker Group, Inc. ME$11.3M · 0.45%
Rubb, Inc. ME$10.4M · 0.30%
Hahnel Bros, Co. ME$7.2M · 0.25%

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Source: U.S. Department of Labor, Form 5500 series, EIN 030399415 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.