Plan Ledger DOL Form 5500 · updated monthly

Fhc, Inc.401(k)

FHC, INC. 401(K) PLAN · BOWDOIN, ME · plan year 2024

Reported admin expense ratio · 2024
0.75%

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

Fhc, Inc. reported $57,769 in plan administrative expenses for 2024: 0.75% of average plan assets, above the peer median. Employer contributions averaged $2,244 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 0.75%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Maine (237th of 354), and 9,453rd of 13,661 in manufacturing. In 2024, employees put in $2.00 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$8,489,298
Participants with balances123
Active participants105
Employer contributions$235,596
Employee contributions$471,489
Employer contribution per active participant$2,244
Average account balance$69,019
Benefits paid to participants$165,978
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$8.5M · 123 accts · $236K emplr
2023$6.9M · 124 accts · $223K emplr
2022$6.2M · 126 accts · $185K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$53,929
Investment management$3,840
Total administrative$57,769
The Fhc, Inc. 401(k) match · 2024
Employer contribution per active participant$2,244
Median for plans this size$1,313
2024$2,244 per active participant
2023$2,047 per active participant
2022$1,726 per active participant

Fhc, Inc.'s 2024 employer contribution ran above 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 · 20243
JOHN HANCOCK LIFE INSURANCE CO. · Recordkeeping · Investment management$53,469
WILSHIRE ASSOCIATES INC. · Investment advisory (participants)$3,840
SETAWAY LLC$460

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$57,769 · 0.75%
2023$51,974 · 0.79%
2022$43,743 · 0.76%
All plans at this employer2
FHC, INC. 401(K) PLAN401(k)
FHCER EMPLOYEE STOCK OWNERSHIP PLANESOP
Same employer
Similar plansManufacturing · Maine
Sabre Yachts ME$13.9M · 0.11%
Stratton Lumber, Inc. ME$11.2M · 0.35%
Mathews Brothers Company ME$8.3M · 0.50%
Ra Cummings Inc ME$7.5M · 0.57%

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Source: U.S. Department of Labor, Form 5500 series, EIN 010430884 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.