Plan Ledger DOL Form 5500 · updated monthly

Pennichuck Corporation401(k)

SAVINGS PLAN FOR EMPLOYEES OF PENNICHUCK CORPORATION · NASHUA, NH · plan year 2024

Reported admin expense ratio · 2024
0.13%

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

Pennichuck Corporation reported $33,784 in plan administrative expenses for 2024: 0.13% of average plan assets, below the peer median. Employer contributions averaged $2,421 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 0.14% to 0.13%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other utilities employers. By assets it is the 144th-largest of 411 plans among New Hampshire employers on file, and 244th of 412 in utilities. In 2024, employees put in $2.52 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$26,107,744
Participants with balances172
Active participants141
Employer contributions$341,431
Employee contributions$860,874
Employer contribution per active participant$2,421
Average account balance$151,789
Benefits paid to participants$2,051,261
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$26.1M · 172 accts · $341K emplr
2023$24.1M · 164 accts · $323K emplr
2022$21.5M · 164 accts · $311K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$33,784
Total administrative$33,784
The Pennichuck Corporation 401(k) match · 2024
Employer contribution per active participant$2,421
Median for plans this size$2,416
2024$2,421 per active participant
2023$2,520 per active participant
2022$2,358 per active participant

Pennichuck Corporation'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 · 20241

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$33,784 · 0.13%
2023$30,149 · 0.13%
2022$32,774 · 0.14%
Similar plansUtilities · New Hampshire
Unitil Corporation NH$177.7M · 0.12%
Rev Renewables Ops, LLC NY$26.5M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 020177370 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.