Plan Ledger DOL Form 5500 · updated monthly

New England Finish Systems, LLC401(k)

NEW ENGLAND FINISH SYSTEMS, LLC PROFIT SHARING & 401(K) PLAN · SALEM, NH · plan year 2024

Reported admin expense ratio · 2024
0.01%

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

New England Finish Systems, LLC reported $3,038 in plan administrative expenses for 2024: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $11,385 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 0.009% to 0.011%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other construction employers. By assets it is the 126th-largest of 411 plans among New Hampshire employers on file, and the 1,516th of 5,337 in construction. In 2024, employees put in $1.07 for every $1.00 the employer contributed; active participation has shrunk from 231 to 177 since 2022.

Plan summary
Net assets, end of year$30,342,825
Participants with balances177
Active participants177
Employer contributions$2,015,102
Employee contributions$2,157,061
Employer contribution per active participant$11,385
Average account balance$171,428
Benefits paid to participants$2,967,954
Plan auditUnmodified (clean) audit opinion
AuditorNATHAN WESCHLER & CO.P.A
Plan history3
Yearassets · accounts · employer contribution
2024$30.3M · 177 accts · $2.0M emplr
2023$25.3M · 187 accts · $2.0M emplr
2022$18.9M · 195 accts · $1.9M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$3,038
Total administrative$3,038
The New England Finish Systems, LLC 401(k) match · 2024
Employer contribution per active participant$11,385
Median for plans this size$2,416
2024$11,385 per active participant
2023$8,769 per active participant
2022$8,286 per active participant

New England Finish Systems, LLC'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 · 20241
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$3,038

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$3,038 · 0.01%
2023$8,713 · 0.04%
2022$1,713 · 0.01%
Similar plansConstruction · New Hampshire
Continental Paving, Inc. NH$37.4M · 0.31%
Procon LLC NH$30.2M · 0.34%

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Source: U.S. Department of Labor, Form 5500 series, EIN 680641275 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.