Plan Ledger DOL Form 5500 · updated monthly

Mathews Brothers Company401(k)

MATHEWS BROTHERS COMPANY 401(K) PLAN · BELFAST, ME · plan year 2025

Reported admin expense ratio · 2025
0.50%

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

Mathews Brothers Company reported $38,941 in plan administrative expenses for 2025: 0.50% of average plan assets, below the peer median. Employer contributions averaged $256 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 rose from 0.43% to 0.50%. The plan sits in the $1M–$10M size bracket, benchmarked here against 809 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Maine (239th of 354), and 9,539th of 13,661 in manufacturing. In 2025, employees put in $7.78 for every $1.00 the employer contributed; active participation has grown from 199 to 336 since 2022.

Plan summary
Net assets, end of year$8,317,669
Participants with balances355
Active participants336
Employer contributions$85,953
Employee contributions$669,040
Employer contribution per active participant$256
Average account balance$23,430
Benefits paid to participants$984,770
Plan auditUnmodified (clean) audit opinion
AuditorWIPFLI LLP
Plan history4
Yearassets · accounts · employer contribution
2025$8.3M · 355 accts · $86K emplr
2024$7.3M · 269 accts · $72K emplr
2023$6.8M · 252 accts · $64K emplr
2022$5.9M · 340 accts · $64K emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$23,012
Investment management$15,929
Total administrative$38,941
The Mathews Brothers Company 401(k) match · 2025
Employer contribution per active participant$256
Median for plans this size$1,464
2025$256 per active participant
2024$282 per active participant
2023$262 per active participant
2022$322 per active participant

Mathews Brothers Company's 2025 employer contribution ran below the $1,464 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 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20252
CPI QUALIFIED PLAN CONSULTANTS, INC · Recordkeeping · Pension consulting$23,012
COMMONWEALTH FINANCIAL NETWORK · Investment advisory (plan)$15,929

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

Recordkeeper by year3
2025CPI QUALIFIED PLAN CONSULTANTS, INC
2024CPI QUALIFIED PLAN CONSULTANTS, INC
2023CPI QUALIFIED PLAN CONSULTANTS, INC

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Administrative cost history4
2025$38,941 · 0.50%
2024$33,536 · 0.47%
2023$34,650 · 0.54%
2022$27,185 · 0.43%
Same employer
Similar plansManufacturing · Maine
Stratton Lumber, Inc. ME$11.2M · 0.35%
Fhc, Inc. ME$8.5M · 0.75%
Ra Cummings Inc ME$7.5M · 0.57%
Coastal Auto, Inc ME$6.6M · 0.63%

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Source: U.S. Department of Labor, Form 5500 series, EIN 010116500 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.