Plan Ledger DOL Form 5500 · updated monthly

Granite Edvance Corporation403(b)

GRANITE EDVANCE 403(B) RETIREMENT PLAN · CONCORD, NH · plan year 2024

Reported admin expense ratio · 2024
0.06%

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

Granite Edvance Corporation reported $8,665 in plan administrative expenses for 2024: 0.06% of average plan assets, lower than ~75% of peers. Employer contributions averaged $3,936 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 fell from 0.09% to 0.06%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in New Hampshire (216th of 411), and the 1,291st of 3,341 in other services. In 2024, employees put in $1.32 for every $1.00 the employer contributed; active participation has shrunk from 79 to 67 since 2022.

Plan summary
Net assets, end of year$14,928,681
Participants with balances186
Active participants67
Employer contributions$263,705
Employee contributions$347,717
Employer contribution per active participant$3,936
Average account balance$80,262
Benefits paid to participants$985,511
Plan auditUnmodified (clean) audit opinion
AuditorBAKER NEWMAN & NOYES
Plan history3
Yearassets · accounts · employer contribution
2024$14.9M · 186 accts · $264K emplr
2023$13.5M · 193 accts · $264K emplr
2022$14.0M · 218 accts · $324K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$2,730
Investment management$5,657
Audit (IQPA)$278
Total administrative$8,665
Employer contributions to the Granite Edvance Corporation plan · 2024
Employer contribution per active participant$3,936
Median for plans this size$2,416
2024$3,936 per active participant
2023$4,260 per active participant
2022$4,107 per active participant

Granite Edvance Corporation's 2024 employer contribution ran above 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 · 20241
USI CONSULTING GROUP · Claims processing · Recordkeeping$14,686

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

Recordkeeper by year2
2024USI Consulting
2023USI Consulting

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

Administrative cost history3
2024$8,665 · 0.06%
2023$9,418 · 0.07%
2022$11,483 · 0.09%
Similar plansOther Services · New Hampshire
Crown Linen Service, Inc. NH$20.0M · 0.09%
Tilton School NH$15.0M · 0.33%
Awane Narfa NH$8.2M · 1.02%
Dda Services, Inc. NH$4.7M · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 020368776 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.