Portland Air Freight, Inc.ESOP
PORTLAND AIR FREIGHT, INC. EMPLOYEE STOCK OWNERSHIP PLAN · SCARBOROUGH, ME · plan year 2024
Peer grade: A · admin costs + employer contributions vs same-size plans · how grading works
Portland Air Freight, Inc. reported $1,500 in plan administrative expenses for 2024: 0.00% of average plan assets, lower than ~75% of peers. Employer contributions averaged $21,826 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 1 year on file its reported administrative ratio fell from 0.01% to 0.00%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other transportation & warehousing employers. By assets it is the 75th-largest of 354 plans among Maine employers on file, and the 427th of 2,677 in transportation & warehousing.
Portland Air Freight, Inc.'s 2024 employer contribution ran above the $2,416 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.
Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 010384794 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.