Plan Ledger DOL Form 5500 · updated monthly

Marden's, Inc.401(k)

MARDEN'S, INC. 401(K) RETIREMENT SAVINGS PLAN · WINSLOW, ME · plan year 2024

Reported admin expense ratio · 2024
0.65%

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

Marden's, Inc. reported $126,667 in plan administrative expenses for 2024: 0.65% of average plan assets, higher than ~90% of peers. Employer contributions averaged $945 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 0.46% to 0.65%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is the 142nd-largest of 354 plans among Maine employers on file, and the 1,431st of 5,215 in retail trade. In 2024, employees put in $3.21 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$20,410,443
Participants with balances524
Active participants431
Employer contributions$407,185
Employee contributions$1,305,125
Employer contribution per active participant$945
Average account balance$38,951
Benefits paid to participants$2,412,664
Plan auditUnmodified (clean) audit opinion
AuditorALBIN RANDALL & BENNETT
Plan history3
Yearassets · accounts · employer contribution
2024$20.4M · 524 accts · $407K emplr
2023$18.6M · 524 accts · $352K emplr
2022$16.2M · 520 accts · $333K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$72,631
Investment management$41,536
Audit (IQPA)$12,500
Total administrative$126,667
The Marden's, Inc. 401(k) match · 2024
Employer contribution per active participant$945
Median for plans this size$2,416
2024$945 per active participant
2023$800 per active participant
2022$746 per active participant

Marden's, Inc.'s 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom 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 · 20244
VALMARK ADVISERS INC · Investment advisory (plan)$32,500
BAKER NEWMAN & NOYES, LLC · Accounting / audit$12,500
EMPOWER ADVISORY GROUP, LLC · Investment management$9,036

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$126,667 · 0.65%
2023$81,886 · 0.47%
2022$85,066 · 0.46%
Same employer
Similar plansRetail Trade · Maine
Village Subaru ME$29.3M · 0.48%
Kevin, Inc. ME$23.7M · 0.01%
Charlie's Motor Mall, Inc. ME$20.8M · 0.46%
Pape Chevrolet, Inc. ME$20.6M · 0.33%
Viking, Inc. ME$17.1M · 0.12%
Hutchins Motors, Inc. ME$16.5M · 0.02%
Bill Dodge Auto Group, Inc. ME$15.4M · 0.29%

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Source: U.S. Department of Labor, Form 5500 series, EIN 010373270 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.