Plan Ledger DOL Form 5500 · updated monthly

Tri-County Mental Health Services403(b)

TRI-COUNTY MENTAL HEALTH SERVICES 403(B) PLAN · LEWISTON, ME · plan year 2023

Reported admin expense ratio · 2023
0.96%

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

Tri-County Mental Health Services reported $51,586 in plan administrative expenses for 2023: 0.96% of average plan assets, higher than ~75% of peers. Employer contributions averaged $395 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 1 year on file its reported administrative ratio fell from 1.03% to 0.96%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Maine (272nd of 354), and 7,601st of 11,911 in health care & social assistance. In 2023, employees put in $4.53 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$5,559,648
Participants with balances208
Active participants184
Employer contributions$72,709
Employee contributions$329,573
Employer contribution per active participant$395
Average account balance$26,729
Benefits paid to participants$757,553
Plan auditUnmodified (clean) audit opinion
AuditorRUNYON KERSTEEN & QUELLETTE
Plan history3
Yearassets · accounts · employer contribution
2024$0 · $27K emplr
2023$5.6M · 208 accts · $73K emplr
2022$5.2M · 219 accts · $89K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$35,988
Investment management$15,598
Total administrative$51,586
Employer contributions to the Tri-County Mental Health Services plan · 2023
Employer contribution per active participant$395
Median for plans this size$1,308
2023$395 per active participant
2022$454 per active participant

Tri-County Mental Health Services's 2023 employer contribution ran below the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
STANCORP FINANCIAL GROUP · Claims processing · Recordkeeping$35,986
SAGEPOINT FINANCIAL, INC. · Investment advisory (plan)$11,631

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

Recordkeeper by year2
2024The Standard
2023The Standard

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

Administrative cost history3
2024Not separately reported
2023$51,586 · 0.96%
2022$62,259 · 1.03%
Same employer
Similar plansHealth Care & Social Assistance · Maine
Waypoint Maine, Inc. ME$5.8M · 0.70%
Preble Street ME$5.4M · 1.07%
Community Care ME$5.2M · 0.03%
United Ambulance Service ME$5.2M · 0.72%

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Source: U.S. Department of Labor, Form 5500 series, EIN 010316813 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.