Plan Ledger DOL Form 5500 · updated monthly

The John F Murphy Homes, Inc.403(b)

THE JOHN F MURPHY HOMES, INC. TAX SHELTERED ANNUITY PLAN · AUBURN, ME · plan year 2024

Reported admin expense ratio · 2024
0.33%

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

The John F Murphy Homes, Inc. reported $29,618 in plan administrative expenses for 2024: 0.33% of average plan assets, below the peer median. Employer contributions averaged $384 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 0.00% to 0.33%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Maine (224th of 354), and the 5,789th of 11,911 in health care & social assistance. In 2024, employees put in $3.28 for every $1.00 the employer contributed; active participation has grown from 781 to 887 since 2022.

Plan summary
Net assets, end of year$9,744,013
Participants with balances363
Active participants887
Employer contributions$340,600
Employee contributions$1,118,482
Employer contribution per active participant$384
Average account balance$26,843
Benefits paid to participants$634,466
Plan auditUnmodified (clean) audit opinion
AuditorOUELLETTE & ASSOCIATES, P.A
Plan history3
Yearassets · accounts · employer contribution
2024$9.7M · 363 accts · $341K emplr
2023$7.9M · 319 accts · $250K emplr
2022$6.1M · 280 accts · $200K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$29,618
Total administrative$29,618
Employer contributions to the The John F Murphy Homes, Inc. plan · 2024
Employer contribution per active participant$384
Median for plans this size$1,313
2024$384 per active participant
2023$289 per active participant
2022$256 per active participant

The John F Murphy Homes, Inc.'s 2024 employer contribution ran below the $1,313 median for plans its size, in the bottom 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 · 20241
LINCOLN NATIONAL CORPORATION · Contract administrator$29,721

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$29,618 · 0.33%
2023$14,031 · 0.20%
2022$116 · 0.00%
Same employer
Similar plansHealth Care & Social Assistance · Maine
First Atlantic Corporation ME$11.8M · 0.66%
Woodfords Family Services ME$9.8M · 0.87%
Hospice of Southern Maine ME$9.4M · 0.66%

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Source: U.S. Department of Labor, Form 5500 series, EIN 010355896 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.