Plan Ledger DOL Form 5500 · updated monthly

Woodard & Curran, Inc.401(k)

WOODARD & CURRAN, INC. 401(K) PROFIT SHARING PLAN · PORTLAND, ME · plan year 2024

Reported admin expense ratio · 2024
0.07%

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

Woodard & Curran, Inc. reported $161,748 in plan administrative expenses for 2024: 0.07% of average plan assets, below the peer median. Employer contributions averaged $2,839 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 fell from 0.09% to 0.07%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other professional & technical services employers. By assets it is the 17th-largest of 354 plans among Maine employers on file, and the 644th of 11,654 in professional & technical services. In 2024, employees put in $3.15 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$258,994,069
Participants with balances1,688
Active participants1,358
Employer contributions$3,855,949
Employee contributions$12,158,550
Employer contribution per active participant$2,839
Average account balance$153,433
Benefits paid to participants$18,798,070
Plan auditUnmodified (clean) audit opinion
AuditorBERRY, DUNN, MCNEIL & PARKER
Plan history3
Yearassets · accounts · employer contribution
2024$259.0M · 1,688 accts · $3.9M emplr
2023$225.4M · 1,630 accts · $3.6M emplr
2022$186.1M · 1,543 accts · $3.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$101,748
Total administrative$161,748
The Woodard & Curran, Inc. 401(k) match · 2024
Employer contribution per active participant$2,839
Median for plans this size$3,635
2024$2,839 per active participant
2023$2,764 per active participant
2022$2,654 per active participant

Woodard & Curran, Inc.'s 2024 employer contribution ran below the $3,635 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 · 20242
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$101,748
MORGAN STANLEY SMITH BARNEY LLC · Investment advisory (participants)$60,000

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$161,748 · 0.07%
2023$156,320 · 0.08%
2022$180,212 · 0.09%
Same employer
Similar plansProfessional & Technical Services · Maine
The Jackson Laboratory ME$602.8M · 0.08%
Centauri, LLC VA$260.7M · 0.01%
The Brookings Institution DC$260.2M · 0.02%
Lane Powell PC WA$258.3M · 0.00%

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Source: U.S. Department of Labor, Form 5500 series, EIN 010363222 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.