What are the fees in the Health Access Network 401(k) plan?

For plan year 2022, Health Access Network reported $4,583 in plan administrative expenses, or 0.28% of average plan assets — below the peer median. Fund-level expense ratios are not included in public filings.

What is the average account balance in the Health Access Network 401(k)?

The average participant account balance was $21,783 for plan year 2022, based on 73 accounts.

Health Access Network401(k)

Name: Health Access Network 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

HEALTH ACCESS NETWORK 401(K) PROFIT SHARING PLAN · LINCOLN, ME · plan year 2022

Reported admin expense ratio · 2022

0.28%

Health Access Network reported $4,583 in plan administrative expenses for 2022: 0.28% of average plan assets, below 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 health care & social assistance employers. By assets it is among the smaller plans on file in Maine (323rd of 354), and 10,389th of 11,911 in health care & social assistance.

Plan summary
Net assets, end of year$1,590,185
Participants with balances73
Active participants97
Employer contributions—
Employee contributions$202,318
Employer contribution per active participant—
Average account balance$21,783
Benefits paid to participants$29,843
Plan auditUnmodified (clean) audit opinion
AuditorBAKER NEWMAN AND NOYES

Administrative expenses, itemized · 2022

Investment management$3,113

Professional / advisory$1,470

Total administrative$4,583

What these fees cost you

Your balance

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$4,583 · 0.28%

Similar plansHealth Care & Social Assistance · Maine
St Joseph Healthcare Foundation ME$2.5M
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North East Mobile Health Services, Inc. ME$1.9M · 1.05%
Employment Specialist of Maine, Inc. ME$1.7M · 0.58%
Skills, Inc. ME$1.5M · 1.12%
Saint Joseph's Rehabilitation and Residence ME$1.5M · 0.11%
Inland Hospital ME$1.4M · 0.49%
Alternative Services-Northeast, Inc. ME$1.3M · 0.24%

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Source: U.S. Department of Labor, Form 5500 series, EIN 113650708 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.