Plan Ledger DOL Form 5500 · updated monthly

Pierce Atwood LLP401(k)

PIERCE ATWOOD LLP 401(K) PLAN · PORTLAND, ME · plan year 2024

Reported admin expense ratio · 2024
0.14%

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

Pierce Atwood LLP reported $172,721 in plan administrative expenses for 2024: 0.14% of average plan assets, above the peer median. Employer contributions averaged $14,824 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 0.15% to 0.14%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other professional & technical services employers. By assets it is the 28th-largest of 354 plans among Maine employers on file, and the 1,129th of 11,654 in professional & technical services. In 2024, employees put in $1.15 for every $1.00 the employer contributed; active participation has grown from 177 to 260 since 2022.

Plan summary
Net assets, end of year$138,071,024
Participants with balances340
Active participants260
Employer contributions$3,854,356
Employee contributions$4,421,120
Employer contribution per active participant$14,824
Average account balance$406,091
Benefits paid to participants$15,212,929
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$138.1M · 340 accts · $3.9M emplr
2023$108.9M · 241 accts · $3.6M emplr
2022$97.0M · 243 accts · $3.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$37,233
Investment management$135,488
Total administrative$172,721
The Pierce Atwood LLP 401(k) match · 2024
Employer contribution per active participant$14,824
Median for plans this size$3,635
2024$14,824 per active participant
2023$13,925 per active participant
2022$17,057 per active participant

Pierce Atwood LLP's 2024 employer contribution ran above the $3,635 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 · 20246
SCHWAB RETIREMENT PLAN SERVICES,INC · Recordkeeping · Investment advisory (participants)$43,549
RM DAVIS INC · Investment advisory (participants)$66,949
H. M. PAYSON & CO. · Investment advisory (participants)$31,858
SPINNAKER TRUST · Investment advisory (participants)$19,514
APPLETON PARTNERS INC · Investment advisory (participants)$8,426
CHARLES SCHWAB & CO., INC. · Securities brokerage$1,197

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

Recordkeeper by year2
2024Charles Schwab
2023Charles Schwab

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Administrative cost history3
2024$172,721 · 0.14%
2023$180,835 · 0.18%
2022$161,742 · 0.15%
Same employer
Similar plansProfessional & Technical Services · Maine
The Jackson Laboratory ME$602.8M · 0.08%
Woodard & Curran, Inc. ME$259.0M · 0.07%
Baker Newman & Noyes, LLC ME$124.7M · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 010190452 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.