Plan Ledger DOL Form 5500 · updated monthly

Wright-Pierce401(k)

WRIGHT-PIERCE EMPLOYEES SECTION 401(K) PROFIT SHARING PLAN · TOPSHAM, ME · plan year 2024

Reported admin expense ratio · 2024
0.18%

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

Wright-Pierce reported $131,399 in plan administrative expenses for 2024: 0.18% of average plan assets, above the peer median. Employer contributions averaged $5,843 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 0.15% to 0.18%. 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 44th-largest of 354 plans among Maine employers on file, and the 1,897th of 11,654 in professional & technical services. In 2024, employees put in $1.69 for every $1.00 the employer contributed; active participation has grown from 290 to 342 since 2022.

Plan summary
Net assets, end of year$76,856,796
Participants with balances413
Active participants342
Employer contributions$1,998,179
Employee contributions$3,377,312
Employer contribution per active participant$5,843
Average account balance$186,094
Benefits paid to participants$10,454,148
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$76.9M · 413 accts · $2.0M emplr
2023$72.0M · 384 accts · $1.7M emplr
2022$62.4M · 366 accts · $1.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$131,399
Total administrative$131,399
The Wright-Pierce 401(k) match · 2024
Employer contribution per active participant$5,843
Median for plans this size$3,635
2024$5,843 per active participant
2023$5,445 per active participant
2022$5,342 per active participant

Wright-Pierce's 2024 employer contribution ran above 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 · 20245
OSAIC WEALTH, INC.$37,500
BERRY DUNN MCNEIL PARKER, LLC$14,440
ACENSUS$13,504
VOYA RETIREMENT ADVISORS, LLC · Investment advisory (participants)$8,924

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$131,399 · 0.18%
2023$115,040 · 0.17%
2022$101,209 · 0.15%
Same employer
Similar plansProfessional & Technical Services · Maine
Baker Newman & Noyes, LLC ME$124.7M · 0.06%
Verrill Dana, LLP ME$89.1M · 0.06%
Ciee, Inc. ME$53.1M · 0.09%
Haley Ward ME$51.6M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 010228316 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.