New England Tech-Air, Inc.401(k)
NEW ENGLAND TECH-AIR 401(K) PLAN · SCARBOROUGH, ME · plan year 2022
Peer grade: C+ · admin costs + employer contributions vs same-size plans · how grading works
New England Tech-Air, Inc. reported $64,289 in plan administrative expenses for 2022: 0.94% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,280 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.
The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in Maine (263rd of 354), and 3,715th of 5,337 in construction. In 2022, employees put in $1.99 for every $1.00 the employer contributed.
New England Tech-Air, Inc.'s 2022 employer contribution ran above the $1,114 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.
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 010415181 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.