Plan Ledger DOL Form 5500 · updated monthly

Creative Works401(k)

CREATIVE WORKS 403(B)PLAN · WESTBROOK, 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

Creative Works reported $24,782 in plan administrative expenses for 2024: 0.38% of average plan assets, below the peer median. Employer contributions averaged $855 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 0.38%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Maine (251st of 354), and 6,788th of 11,911 in health care & social assistance. In 2024, employees put in $2.31 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$7,159,934
Participants with balances401
Active participants367
Employer contributions$313,890
Employee contributions$725,963
Employer contribution per active participant$855
Average account balance$17,855
Benefits paid to participants$397,381
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$7.2M · 401 accts · $314K emplr
2023$5.8M · 376 accts · $301K emplr
2022$4.7M · 355 accts · $265K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$14,861
Total administrative$24,782
The Creative Works 401(k) match · 2024
Employer contribution per active participant$855
Median for plans this size$1,313
2024$855 per active participant
2023$864 per active participant
2022$767 per active participant

Creative Works'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
MUTUAL OF AMERICA SEC. CORP LLC · Recordkeeping · Loan processing$14,861

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Mutual of America
2023Mutual of America

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$24,782 · 0.38%
2023$12,626 · 0.24%
2022$14,176 · 0.34%
Same employer
Similar plansHealth Care & Social Assistance · Maine
New Communities, Inc. ME$6.8M · 0.36%

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Source: U.S. Department of Labor, Form 5500 series, EIN 010280723 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.