Plan Ledger DOL Form 5500 · updated monthly

Pape Chevrolet, Inc.401(k)

PAPE EMPLOYEES 401(K) PLAN · SOUTH PORTLAND, ME · plan year 2024

Reported admin expense ratio · 2024
0.33%

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

Pape Chevrolet, Inc. reported $65,819 in plan administrative expenses for 2024: 0.33% of average plan assets, above the peer median. Employer contributions averaged $2,628 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 3 years on file its reported administrative ratio has held roughly steady near 0.33%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is the 139th-largest of 354 plans among Maine employers on file, and the 1,426th of 5,215 in retail trade. In 2024, employees put in $3.38 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$20,553,379
Participants with balances128
Active participants112
Employer contributions$294,363
Employee contributions$994,008
Employer contribution per active participant$2,628
Average account balance$160,573
Benefits paid to participants$2,337,120
Plan auditUnmodified (clean) audit opinion
AuditorALBIN RANDALL & BENNETT
Plan history3
Yearassets · accounts · employer contribution
2024$20.6M · 128 accts · $294K emplr
2023$19.1M · 126 accts · $303K emplr
2022$15.7M · 123 accts · $290K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,140
Investment management$64,679
Total administrative$65,819
The Pape Chevrolet, Inc. 401(k) match · 2024
Employer contribution per active participant$2,628
Median for plans this size$2,416
2024$2,628 per active participant
2023$2,913 per active participant
2022$2,787 per active participant

Pape Chevrolet, Inc.'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.

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 · 20242
AMERIPRISE FINANCIAL · Recordkeeping · Trustee$48,582
ADP, INC. · Loan processing · Recordkeeping$17,236

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

Recordkeeper by year2
2024ADP, AMERIPRISE FINANCIAL
2023ADP, AMERIPRISE FINANCIAL

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

Administrative cost history3
2024$65,819 · 0.33%
2023$58,582 · 0.34%
2022$56,390 · 0.34%
Similar plansRetail Trade · Maine
Lee Management Company ME$34.4M · 0.17%
Village Subaru ME$29.3M · 0.48%
Kevin, Inc. ME$23.7M · 0.01%
Charlie's Motor Mall, Inc. ME$20.8M · 0.46%
Marden's, Inc. ME$20.4M · 0.65%
Viking, Inc. ME$17.1M · 0.12%
Hutchins Motors, Inc. ME$16.5M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 010284459 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.