Plan Ledger DOL Form 5500 · updated monthly

Pleasant River Lumber Company401(k)

PLEASANT RIVER LUMBER COMPANY 401(K) PLAN · DOVER-FOXCROFT, ME · plan year 2024

Reported admin expense ratio · 2024
0.58%

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

Pleasant River Lumber Company reported $118,866 in plan administrative expenses for 2024: 0.58% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,761 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 rose from 0.16% to 0.58%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 132nd-largest of 354 plans among Maine employers on file, and the 5,639th of 13,661 in manufacturing. In 2024, employees put in $1.73 for every $1.00 the employer contributed; active participation has shrunk from 684 to 552 since 2022.

Plan summary
Net assets, end of year$21,586,695
Participants with balances515
Active participants552
Employer contributions$972,088
Employee contributions$1,677,188
Employer contribution per active participant$1,761
Average account balance$41,916
Benefits paid to participants$3,043,642
Plan auditUnmodified (clean) audit opinion
AuditorBAKER NEWMAN NOYES LLC
Plan history3
Yearassets · accounts · employer contribution
2024$21.6M · 515 accts · $972K emplr
2023$19.2M · 527 accts · $1.0M emplr
2022$17.8M · 520 accts · $932K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$91,783
Audit (IQPA)$13,500
Total administrative$118,866
The Pleasant River Lumber Company 401(k) match · 2024
Employer contribution per active participant$1,761
Median for plans this size$2,416
2024$1,761 per active participant
2023$1,733 per active participant
2022$1,362 per active participant

Pleasant River Lumber Company's 2024 employer contribution ran below 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 · 20245
OSAIC WEALTH, INC · Investment advisory (plan)$44,652
DOWNEAST PENSION SERVICES INC · Contract administrator$43,483
BAKER NEWMAN & NOYES, LLC · Accounting / audit$13,500
EMPOWER ADVISORY GROUP LLC · Investment management$9,837

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$118,866 · 0.58%
2023$86,229 · 0.47%
2022$29,539 · 0.16%
Same employer
Similar plansManufacturing · Maine
Letter Systems, Inc. ME$26.9M · 0.43%
Somic America, Inc. ME$25.9M · 0.37%
The Baker Company ME$19.6M · 0.32%
Gissing North America LLC ME$18.9M · 0.19%

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Source: U.S. Department of Labor, Form 5500 series, EIN 010465420 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.