Northeast Bank401(k)
SBERA 401(K) PLAN AS ADOPTED BY NORTHEAST BANK · LEWISTON, ME · plan year 2024
Peer grade: A- · admin costs + employer contributions vs same-size plans · how grading works
Northeast Bank reported $400 in plan administrative expenses for 2024: 0.00% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,836 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 0.003% to 0.002%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is the 112th-largest of 354 plans among Maine employers on file, and 2,546th of 4,798 in finance & insurance. In 2024, employees put in $3.02 for every $1.00 the employer contributed; active participation has grown from 171 to 211 since 2022.
Northeast Bank's 2024 employer contribution ran above the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 010029040 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.