Plan Ledger DOL Form 5500 · updated monthly

Everett J. Prescott, Inc.401(k)

TEAM EJP 401(K) RETIREMENT SAVINGS PLAN · GARDINER, ME · plan year 2024

Reported admin expense ratio · 2024
0.41%

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

Everett J. Prescott, Inc. reported $115,527 in plan administrative expenses for 2024: 0.41% of average plan assets, above the peer median. Employer contributions averaged $1,754 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 0.37% to 0.41%. 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 104th-largest of 354 plans among Maine employers on file, and the 1,352nd of 4,246 in wholesale trade. In 2024, employees put in $4.66 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$30,179,599
Participants with balances420
Active participants322
Employer contributions$564,630
Employee contributions$2,630,819
Employer contribution per active participant$1,754
Average account balance$71,856
Benefits paid to participants$2,857,024
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$30.2M · 420 accts · $565K emplr
2023$26.3M · 401 accts · $561K emplr
2022$21.1M · 371 accts · $497K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$115,527
Total administrative$115,527
The Everett J. Prescott, Inc. 401(k) match · 2024
Employer contribution per active participant$1,754
Median for plans this size$2,416
2024$1,754 per active participant
2023$1,775 per active participant
2022$1,644 per active participant

Everett J. Prescott, 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
JOHN HANCOCK LIFE INSURANCE COMPANY · Recordkeeping · Investment management$3,472
MERRILL LYNCH - EPS · Investment advisory (participants)$42,906
MERRILL LYNCH - FAS · Investment advisory (participants)$28,604

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$115,527 · 0.41%
2023$91,654 · 0.39%
2022$84,903 · 0.37%
Same employer
Similar plansWholesale Trade · Maine
Dead River Company ME$100.9M · 0.35%
Pine State Trading Co. ME$47.9M · 0.27%
Dennis Food Service ME$21.4M · 0.01%
Chadwick-Baross, Inc. ME$21.1M · 0.23%
Kardex Remstar, LLC ME$20.6M · 0.41%
Nappi Distributors, Inc. ME$18.6M · 0.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 010247432 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.