Plan Ledger DOL Form 5500 · updated monthly

Foxcroft Academy403(b)

FOXCROFT ACADEMY 403(B) DC AND TDA PLAN · DOVER-FOXCROFT, ME · plan year 2024

Reported admin expense ratio · 2024
0.27%

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

Foxcroft Academy reported $13,247 in plan administrative expenses for 2024: 0.27% of average plan assets, below the peer median. Employer contributions averaged $1,881 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 0.22% to 0.27%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other educational services employers. By assets it is among the smaller plans on file in Maine (283rd of 354), and 2,510th of 3,091 in educational services. In 2024, employees put in $1.52 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$5,031,025
Participants with balances111
Active participants74
Employer contributions$139,183
Employee contributions$211,698
Employer contribution per active participant$1,881
Average account balance$45,325
Benefits paid to participants$800,927
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$5.0M · 111 accts · $139K emplr
2023$4.8M · 112 accts · $91K emplr
2022$4.0M · 110 accts · $66K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$13,247
Total administrative$13,247
Employer contributions to the Foxcroft Academy plan · 2024
Employer contribution per active participant$1,881
Median for plans this size$1,313
2024$1,881 per active participant
2023$1,092 per active participant
2022$831 per active participant

Foxcroft Academy'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 · 20241

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$13,247 · 0.27%
2023$10,551 · 0.24%
2022$9,849 · 0.22%
Similar plansEducational Services · Maine
Generation US ME$12.2M · 0.14%
Hebron Academy ME$7.6M · 0.01%
Thornton Academy ME$6.3M · 0.00%
Bridgton Academy ME$5.9M · 0.23%
Morrison Center ME$1.5M · 1.40%
Connections for Kids ME$1.2M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 010246278 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.