Plan Ledger DOL Form 5500 · updated monthly

St. Mary's Bank401(k)

ST. MARY'S BANK 401(K) PLAN · MANCHESTER, NH · plan year 2024

Reported admin expense ratio · 2024
0.32%

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

St. Mary's Bank reported $70,979 in plan administrative expenses for 2024: 0.32% of average plan assets, above the peer median. Employer contributions averaged $1,912 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 0.29% to 0.32%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is the 155th-largest of 411 plans among New Hampshire employers on file, and 2,772nd of 4,798 in finance & insurance. In 2024, employees put in $2.94 for every $1.00 the employer contributed; active participation has grown from 269 to 299 since 2022.

Plan summary
Net assets, end of year$23,826,197
Participants with balances422
Active participants299
Employer contributions$571,762
Employee contributions$1,683,125
Employer contribution per active participant$1,912
Average account balance$56,460
Benefits paid to participants$2,907,202
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$23.8M · 422 accts · $572K emplr
2023$20.8M · 394 accts · $543K emplr
2022$20.5M · 380 accts · $523K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$67,881
Total administrative$70,979
The St. Mary's Bank 401(k) match · 2024
Employer contribution per active participant$1,912
Median for plans this size$2,416
2024$1,912 per active participant
2023$1,900 per active participant
2022$1,945 per active participant

St. Mary's Bank'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 · 20241
CMFG LIFE INSURANCE COMPANY · Recordkeeping · Pension consulting$68,913

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

Recordkeeper by year2
2024TruStage (CUNA Mutual)
2023TruStage (CUNA Mutual)

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

Administrative cost history3
2024$70,979 · 0.32%
2023$62,385 · 0.30%
2022$63,269 · 0.29%
Same employer
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Northeast Credit Union NH$39.9M · 0.01%
Impax Asset Management LLC NH$29.6M · 0.04%
Alliance Holdings, Inc. NH$28.1M · 0.35%
Northway Bank NH$22.8M
Ledyard National Bank NH$21.6M · 0.21%
Harborone Mortgage LLC NH$20.6M · 0.34%

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Source: U.S. Department of Labor, Form 5500 series, EIN 020187390 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.