Plan Ledger DOL Form 5500 · updated monthly

Pine State Trading Co.401(k)

PINE STATE TRADING CO. 401(K) RETIREMENT SAVINGS PLAN · GARDINER, ME · plan year 2024

Reported admin expense ratio · 2024
0.27%

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

Pine State Trading Co. reported $119,408 in plan administrative expenses for 2024: 0.27% of average plan assets, below the peer median. Employer contributions averaged $2,939 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 0.30% to 0.27%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is the 70th-largest of 354 plans among Maine employers on file, and the 863rd of 4,246 in wholesale trade. In 2024, employees put in $1.58 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$47,883,237
Participants with balances624
Active participants435
Employer contributions$1,278,359
Employee contributions$2,024,235
Employer contribution per active participant$2,939
Average account balance$76,736
Benefits paid to participants$2,672,010
Plan auditUnmodified (clean) audit opinion
AuditorWIPFLI LLP
Plan history3
Yearassets · accounts · employer contribution
2024$47.9M · 624 accts · $1.3M emplr
2023$41.7M · 618 accts · $1.2M emplr
2022$38.6M · 643 accts · $1.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$69,408
Investment management$50,000
Total administrative$119,408
The Pine State Trading Co. 401(k) match · 2024
Employer contribution per active participant$2,939
Median for plans this size$2,416
2024$2,939 per active participant
2023$2,839 per active participant
2022$2,641 per active participant

Pine State Trading Co.'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
FIDELITY INVESTMENTS INST OP CO LLC · Loan processing$69,407
GLOBAL RETIREMENT PARTNERS LLC · Investment advisory (plan)$50,000

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$119,408 · 0.27%
2023$119,411 · 0.30%
2022$126,844 · 0.30%
Same employer
Similar plansWholesale Trade · Maine
Dead River Company ME$100.9M · 0.35%
Wacom Technology Corp. OR$48.1M · 0.03%
Gould Paper Corporation NY$48.0M · 0.29%
E. O. Johnson Company, Inc. WI$48.0M · 0.46%
American Equipment HR, LLC UT$47.6M · 0.36%

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Source: U.S. Department of Labor, Form 5500 series, EIN 010140426 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.