Plan Ledger DOL Form 5500 · updated monthly

Portland Gastroenterology Associates, P.A.401(k)

PORTLAND GASTROENTEROLOGY ASSOCIATES, P.A. PROFIT SHARING PLAN · PORTLAND, ME · plan year 2024

Reported admin expense ratio · 2024
0.38%

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

Portland Gastroenterology Associates, P.A. reported $93,088 in plan administrative expenses for 2024: 0.38% of average plan assets, above the peer median. Employer contributions averaged $7,300 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 0.42% to 0.38%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 115th-largest of 354 plans among Maine employers on file, and the 2,992nd of 11,911 in health care & social assistance. In 2024, the employer put in $1.64 for every $1.00 employees contributed themselves; active participation has grown from 120 to 167 since 2022.

Plan summary
Net assets, end of year$27,002,626
Participants with balances225
Active participants167
Employer contributions$1,219,098
Employee contributions$741,502
Employer contribution per active participant$7,300
Average account balance$120,012
Benefits paid to participants$861,598
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$27.0M · 225 accts · $1.2M emplr
2023$22.4M · 199 accts · $980K emplr
2022$18.2M · 176 accts · $869K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$93,088
Total administrative$93,088
The Portland Gastroenterology Associates, P.A. 401(k) match · 2024
Employer contribution per active participant$7,300
Median for plans this size$2,416
2024$7,300 per active participant
2023$7,100 per active participant
2022$7,240 per active participant

Portland Gastroenterology Associates, P.A.'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.

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
JOHN HANCOCK LIFE INSURANCE COMPANY · Recordkeeping · Investment management$1,442
WILSHIRE ASSOCIATES · Investment advisory (participants)$4,942

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$93,088 · 0.38%
2023$79,151 · 0.39%
2022$83,816 · 0.42%
Same employer
Similar plansHealth Care & Social Assistance · Maine
Spurwink Services, Inc. ME$34.8M · 0.48%
Sweetser ME$34.6M · 0.39%
New England Life Care, Inc. ME$30.1M · 0.50%
Maine Eye Center, P.A. ME$26.7M · 0.48%
Houlton Regional Hospital ME$24.6M · 0.25%

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Source: U.S. Department of Labor, Form 5500 series, EIN 010372062 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.