Mtm Acquisition, Inc. D/B/A Mainetoday401(k)
MAINETODAY MEDIA 401(K) PLAN · ROCKLAND, ME · plan year 2022
Peer grade: D · admin costs + employer contributions vs same-size plans · how grading works
Mtm Acquisition, Inc. D/B/A Mainetoday reported $197,200 in plan administrative expenses for 2022: 0.52% of average plan assets, higher than ~75% of peers. Employer contributions averaged $399 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 1 year on file its reported administrative ratio fell from 0.52% to 0.33%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,806 comparable plans and shown alongside other information & media employers. By assets it is the 100th-largest of 354 plans among Maine employers on file, and the 744th of 2,199 in information & media. In 2022, employees put in $5.98 for every $1.00 the employer contributed.
Mtm Acquisition, Inc. D/B/A Mainetoday's 2022 employer contribution ran below the $2,266 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.
Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
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Source: U.S. Department of Labor, Form 5500 series, EIN 473810067 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.