Plan Ledger DOL Form 5500 · updated monthly

Maine Center for Cancer Medicine & Blood Disorders, P.A. D/B401(k)

NEW ENGLAND CANCER SPECIALISTS PROFIT SHARING PLAN · SCARBOROUGH, ME · plan year 2024

Reported admin expense ratio · 2024
0.35%

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

Maine Center for Cancer Medicine & Blood Disorders, P.A. D/B reported $131,695 in plan administrative expenses for 2024: 0.35% of average plan assets, above the peer median. Employer contributions averaged $7,446 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 0.31% to 0.35%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 76th-largest of 354 plans among Maine employers on file, and the 2,177th of 11,911 in health care & social assistance. In 2024, the employer put in $1.17 for every $1.00 employees contributed themselves; active participation has grown from 244 to 316 since 2022.

Plan summary
Net assets, end of year$41,593,207
Participants with balances353
Active participants316
Employer contributions$2,352,817
Employee contributions$2,009,931
Employer contribution per active participant$7,446
Average account balance$117,828
Benefits paid to participants$865,946
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$41.6M · 353 accts · $2.4M emplr
2023$33.3M · 308 accts · $1.8M emplr
2022$27.3M · 272 accts · $1.6M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$69,825
Investment management$42,300
Audit (IQPA)$19,570
Total administrative$131,695
The Maine Center for Cancer Medicine & Blood Disorders, P.A. D/B 401(k) match · 2024
Employer contribution per active participant$7,446
Median for plans this size$2,416
2024$7,446 per active participant
2023$6,786 per active participant
2022$6,409 per active participant

Maine Center for Cancer Medicine & Blood Disorders, P.A. D/B's 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top quarter of its peers. 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 · 20247
SENTINEL BENEFITS GROUP, LLC · Recordkeeping$24,127
CBIZ CPAS P.C. · Accounting / audit$19,570
HUB INTERNATIONAL ADVISORS · Investment advisory (plan)$14,952
FIDUCIENT ADVISORS LLC · Investment advisory (plan)$13,864
GLOBAL RETIREMENT PARTNERS · Investment advisory (plan)$13,484
NBT BANK NA DBA THIRD PARTY ADMIN · Contract administrator$8,000

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$131,695 · 0.35%
2023$89,491 · 0.30%
2022$97,631 · 0.31%
Same employer
Similar plansHealth Care & Social Assistance · Maine
York Hospital ME$102.0M · 0.19%
Spurwink Services, Inc. ME$34.8M · 0.48%
Sweetser ME$34.6M · 0.39%

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Source: U.S. Department of Labor, Form 5500 series, EIN 010357684 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.