Plan Ledger DOL Form 5500 · updated monthly

Revision Energy Inc.401(k) + ESOP (KSOP)

REVISION ENERGY INC. EMPLOYEE STOCK OWNERSHIP 401(K) PLAN · LIBERTY, ME · plan year 2023

Reported admin expense ratio · 2023
0.06%

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

Revision Energy Inc. reported $28,652 in plan administrative expenses for 2023: 0.06% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,131 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 0.06% to 0.07%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other construction employers. By assets it is the 63rd-largest of 354 plans among Maine employers on file, and the 986th of 5,337 in construction. In 2023, employees put in $2.11 for every $1.00 the employer contributed; active participation has grown from 300 to 342 since 2022.

Plan summary
Net assets, end of year$54,311,073
Participants with balances409
Active participants342
Employer contributions$728,727
Employee contributions$1,540,748
Employer contribution per active participant$2,131
Average account balance$132,790
Benefits paid to participants$657,590
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$52.4M · 492 accts · $938K emplr
2023$54.3M · 409 accts · $729K emplr
2022$42.1M · 361 accts · $569K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$28,652
Total administrative$28,652
The Revision Energy Inc. 401(k) match · 2023
Employer contribution per active participant$2,131
Median for plans this size$2,440
2024$2,128 per active participant
2023$2,131 per active participant
2022$1,896 per active participant

Revision Energy Inc.'s 2023 employer contribution ran below the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231
COMMONWEALTH FINANCIAL NETWORK · Investment advisory (plan)$28,652

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$38,908 · 0.07%
2023$28,652 · 0.06%
2022$23,783 · 0.06%
Same employer
Similar plansConstruction · Maine
Sargent Corporation ME$73.7M · 0.01%
Johnson & Jordan, Inc. ME$71.0M · 0.16%
Abm Mechanical, Inc. ME$47.9M · 0.09%
Reed and Reed ME$40.9M · 0.12%

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Source: U.S. Department of Labor, Form 5500 series, EIN 822934561 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.