Plan Ledger DOL Form 5500 · updated monthly

H.O. Bouchard, Inc.401(k)

H.O. BOUCHARD, INC. 401(K) PROFIT SHARING PLAN · HAMPDEN, ME · plan year 2024

Reported admin expense ratio · 2024
0.57%

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

H.O. Bouchard, Inc. reported $57,120 in plan administrative expenses for 2024: 0.57% of average plan assets, above the peer median. Employer contributions averaged $1,010 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 0.574%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other transportation & warehousing employers. By assets it is among the smaller plans on file in Maine (219th of 354), and the 1,143rd of 2,677 in transportation & warehousing. In 2024, employees put in $5.35 for every $1.00 the employer contributed; active participation has shrunk from 133 to 92 since 2022.

Plan summary
Net assets, end of year$10,217,770
Participants with balances161
Active participants92
Employer contributions$92,951
Employee contributions$496,951
Employer contribution per active participant$1,010
Average account balance$63,464
Benefits paid to participants$1,363,222
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$10.2M · 161 accts · $93K emplr
2023$9.7M · 160 accts · $173K emplr
2022$9.4M · 178 accts · $99K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$13,692
Investment management$43,428
Total administrative$57,120
The H.O. Bouchard, Inc. 401(k) match · 2024
Employer contribution per active participant$1,010
Median for plans this size$1,313
2024$1,010 per active participant
2023$1,695 per active participant
2022$747 per active participant

H.O. Bouchard, Inc.'s 2024 employer contribution ran below 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 · 20242
NEWPORT GROUP, INC. · Recordkeeping · Loan processing$13,692
BAR HARBOR TRUST SERVICES · Investment advisory (plan)$43,428

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

Recordkeeper by year2
2024Newport (Ascensus)
2023Newport (Ascensus)

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

Administrative cost history3
2024$57,120 · 0.57%
2023$59,065 · 0.62%
2022$57,946 · 0.57%
Same employer
Similar plansTransportation & Warehousing · Maine
Portland Air Freight, Inc. ME$41.8M · 0.00%
Nepw Logistics Inc. ME$6.7M · 0.71%
Hamilton Marine, Inc. ME$5.0M · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 010327048 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.