Plan Ledger DOL Form 5500 · updated monthly

The Mount Desert Island Biological Laboratory403(b)

MOUNT DESERT ISLAND BIOLOGICAL LABORATORY 403(B) DEFINED CONTRIBUTION PLAN · SALISBURY COVE, ME · plan year 2024

Reported admin expense ratio · 2024
0.14%

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

The Mount Desert Island Biological Laboratory reported $20,200 in plan administrative expenses for 2024: 0.14% of average plan assets, below the peer median. Employer contributions averaged $4,864 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 0.07% to 0.14%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 174th-largest of 354 plans among Maine employers on file, and 6,379th of 11,654 in professional & technical services. In 2024, employees put in $1.54 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$15,870,999
Participants with balances160
Active participants86
Employer contributions$418,263
Employee contributions$646,206
Employer contribution per active participant$4,864
Average account balance$99,194
Benefits paid to participants$788,272
Plan auditUnmodified (clean) audit opinion
AuditorLAUREN COREY CONSULTING, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$15.9M · 160 accts · $418K emplr
2023$13.8M · 153 accts · $331K emplr
2022$11.4M · 147 accts · $295K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$20,200
Total administrative$20,200
Employer contributions to the The Mount Desert Island Biological Laboratory plan · 2024
Employer contribution per active participant$4,864
Median for plans this size$2,416
2024$4,864 per active participant
2023$3,762 per active participant
2022$3,733 per active participant

The Mount Desert Island Biological Laboratory'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 · 20241
TIAA · Recordkeeping$20,200

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$20,200 · 0.14%
2023$16,616 · 0.13%
2022$8,405 · 0.07%
Similar plansProfessional & Technical Services · Maine
Eaton Peabody, PA ME$27.3M · 0.04%
Rlc Engineering, LLC ME$16.5M · 0.37%
S.W. Cole Engineering, Inc. ME$14.2M · 0.35%
Veritas Prime ME$9.4M · 0.33%

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Source: U.S. Department of Labor, Form 5500 series, EIN 010202467 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.