Plan Ledger DOL Form 5500 · updated monthly

McCrum Family Holdings, LLC401(k)

MCCRUM FAMILY HOLDINGS, LLC 401(K) RETIREMENT SAVINGS PLAN · BELFAST, ME · plan year 2024

Reported admin expense ratio · 2024
0.81%

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

McCrum Family Holdings, LLC reported $18,386 in plan administrative expenses for 2024: 0.81% of average plan assets, above the peer median. Employer contributions averaged $1,461 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 fell from 1.06% to 0.81%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Maine (309th of 354), and 12,484th of 13,661 in manufacturing. In 2024, employees put in $1.29 for every $1.00 the employer contributed; active participation has grown from 171 to 207 since 2022.

Plan summary
Net assets, end of year$2,654,460
Participants with balances141
Active participants207
Employer contributions$302,344
Employee contributions$390,705
Employer contribution per active participant$1,461
Average account balance$18,826
Benefits paid to participants$158,426
Plan auditUnmodified (clean) audit opinion
AuditorFELCH & COMPANY, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$2.7M · 141 accts · $302K emplr
2023$1.9M · 126 accts · $240K emplr
2022$1.2M · 100 accts · $191K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$18,386
Total administrative$18,386
The McCrum Family Holdings, LLC 401(k) match · 2024
Employer contribution per active participant$1,461
Median for plans this size$1,313
2024$1,461 per active participant
2023$1,216 per active participant
2022$1,118 per active participant

McCrum Family Holdings, LLC's 2024 employer contribution ran above 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 · 20241

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024$18,386 · 0.81%
2023$14,884 · 0.97%
2022$13,664 · 1.06%
Same employer
Similar plansManufacturing · Maine
Daaquam Lumber Maine Inc. ME$4.9M · 0.65%
Yale Cordage, Inc. ME$3.8M · 0.36%
Direct Mail of Maine Inc. ME$3.3M · 0.57%
Gvs North America, Inc. ME$2.0M · 0.09%
Kbs Builders, Inc ME$1.6M · 0.73%
Labree's Bakery, Inc. ME$1.4M · 0.20%

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Source: U.S. Department of Labor, Form 5500 series, EIN 461520030 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.