Plan Ledger DOL Form 5500 · updated monthly

Good Will Home Association401(k)

GOOD WILL HOME ASSOCIATION EMPLOYEES SAVINGS TRUST · HINCKLEY, ME · plan year 2022

Reported admin expense ratio · 2022
0.55%

Good Will Home Association reported $7,689 in plan administrative expenses for 2022: 0.55% of average plan assets, above the peer median. 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other educational services employers. By assets it is among the smaller plans on file in Maine (332nd of 354), and 2,941st of 3,091 in educational services.

Plan summary
Net assets, end of year$1,291,416
Participants with balances39
Active participants96
Employer contributions—
Employee contributions$78,429
Employer contribution per active participant—
Average account balance$33,113
Benefits paid to participants$59,971
Plan auditUnmodified (clean) audit opinion
AuditorBERRYDUNN
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$7,507
Professional / advisory$182
Total administrative$7,689
What these fees cost you

Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1
2022$7,689 · 0.55%
Similar plansEducational Services · Maine
Thornton Academy ME$6.3M · 0.00%
Bridgton Academy ME$5.9M · 0.23%
Foxcroft Academy ME$5.0M · 0.27%
Morrison Center ME$1.5M · 1.40%
Schoolkidz.com, LLC IL$1.3M · 1.68%
Community Music Center CA$1.3M · 0.13%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 010211508 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.