Plan Snapshot
- Plan Sponsor: Abm Mechanical, INC.
- Sponsor EIN: 010501826
- Sponsor Address: 33 DOWD ROAD, UNIT #1, BANGOR, ME, 04401
- Plan Type: 401(k)
- Total Participants: 166
- Total Assets: $48.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 166 | $48.0M | $306,261 | $523,744 |
| 2023 | 140 | $33.1M | $267,302 | $506,919 |
| 2022 | 128 | $24.4M | $233,734 | $441,893 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| VALMARK ADVISORS, INC | NONE | $24,832 | — | $24,832 |
| THE VANGUARD GROUP,INC | NONE | $12,210 | — | $12,210 |
| LAUREN COREY CONSULTING, LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- LAUREN COREY CONSULTING, LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $37,042
- Estimated Expense Ratio: 0.077% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $37,042 | $24,832 | — | — | — |
| 2023 | $29,486 | — | — | — | — |
| 2022 | $32,680 | — | — | — | $32,500 |