Plan Ledger DOL Form 5500 · updated monthly

Spectrum Healthcare Partners, P.A.401(k)

SPECTRUM HEALTHCARE PARTNERS, P.A. 401(K) PROFIT SHARING PLAN · SOUTH PORTLAND, ME · plan year 2024

Reported admin expense ratio · 2024
0.17%

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

Spectrum Healthcare Partners, P.A. reported $592,996 in plan administrative expenses for 2024: 0.17% of average plan assets, higher than ~75% of peers. Employer contributions averaged $19,870 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 0.15% to 0.17%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 13th-largest of 354 plans among Maine employers on file, and the 425th of 11,911 in health care & social assistance. In 2024, the employer put in $1.41 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$359,690,660
Participants with balances844
Active participants489
Employer contributions$9,716,368
Employee contributions$6,887,039
Employer contribution per active participant$19,870
Average account balance$426,174
Benefits paid to participants$41,056,019
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$359.7M · 844 accts · $9.7M emplr
2023$340.0M · 848 accts · $9.3M emplr
2022$290.9M · 875 accts · $9.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$63,329
Investment management$529,667
Total administrative$592,996
The Spectrum Healthcare Partners, P.A. 401(k) match · 2024
Employer contribution per active participant$19,870
Median for plans this size$4,294
2024$19,870 per active participant
2023$19,178 per active participant
2022$17,962 per active participant

Spectrum Healthcare Partners, P.A.'s 2024 employer contribution ran above the $4,294 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 · 202412
SCHWAB RETIREMENT PLAN SERVICES,INC · Recordkeeping · Investment advisory (participants)$72,252
HIGHTOWER ADVISORS LLC · Investment advisory (participants)$127,151
R M DAVIS INC · Investment advisory (participants)$108,497
CAPFINANCIAL PARTNERS LLC · Investment advisory (participants) · Investment management$78,615
H. M. PAYSON & CO. · Investment advisory (participants)$67,472
ENVESTNET ASSET MANAGEMENT INC · Investment advisory (participants)$25,084
WAYPOINT CAPITAL ADVISORS LLC · Investment advisory (participants)$22,957
DOUGLASS WINTHROP ADVISORS LLC · Investment advisory (participants)$20,846
VALMARK ADVISERS INC · Investment advisory (participants)$18,382
HEADINVEST LLC · Investment advisory (participants)$16,838
CHARLES SCHWAB & CO., INC. · Securities brokerage$12,975
PORTLAND GLOBAL ADVISORS · Investment advisory (participants)$9,227

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

Recordkeeper by year2
2024Charles Schwab
2023Charles Schwab

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

Administrative cost history3
2024$592,996 · 0.17%
2023$520,572 · 0.17%
2022$492,568 · 0.15%
Same employer
Similar plansHealth Care & Social Assistance · Maine
Mainehealth Services ME$2.5B · 0.08%
Mainegeneral Health ME$414.4M · 0.06%
Central Maine Healthcare ME$217.9M · 0.14%
Intermed, P A ME$170.2M · 0.07%
York Hospital ME$102.0M · 0.19%

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Source: U.S. Department of Labor, Form 5500 series, EIN 010510040 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.