Plan Ledger DOL Form 5500 · updated monthly

Waypoint Maine, Inc.401(k)

WAYPOINT MAINE, INC. 403(B) PLAN · SANFORD, ME · plan year 2024

Reported admin expense ratio · 2024
0.70%

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

Waypoint Maine, Inc. reported $39,071 in plan administrative expenses for 2024: 0.70% of average plan assets, above the peer median. Employer contributions averaged $437 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 0.61% to 0.70%. 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 (267th of 354), and 7,452nd of 11,911 in health care & social assistance. In 2024, employees put in $2.05 for every $1.00 the employer contributed; active participation has grown from 382 to 428 since 2022.

Plan summary
Net assets, end of year$5,830,355
Participants with balances261
Active participants428
Employer contributions$187,065
Employee contributions$382,823
Employer contribution per active participant$437
Average account balance$22,339
Benefits paid to participants$759,574
Plan auditUnmodified (clean) audit opinion
AuditorPURDY POWERS & COMPANY
Plan history3
Yearassets · accounts · employer contribution
2024$5.8M · 261 accts · $187K emplr
2023$5.4M · 234 accts · $159K emplr
2022$4.4M · 210 accts · $138K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$900
Total administrative$39,071
The Waypoint Maine, Inc. 401(k) match · 2024
Employer contribution per active participant$437
Median for plans this size$1,313
2024$437 per active participant
2023$399 per active participant
2022$361 per active participant

Waypoint Maine, 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
MUTUAL OF AMERICA SEC. CORP LLC · Recordkeeping · Loan processing$38,185

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

Recordkeeper by year2
2024Mutual of America
2023Mutual of America

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

Administrative cost history3
2024$39,071 · 0.70%
2023$32,914 · 0.67%
2022$28,428 · 0.61%
Same employer
Similar plansHealth Care & Social Assistance · Maine
New Communities, Inc. ME$6.8M · 0.36%
Preble Street ME$5.4M · 1.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 010279587 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.