Plan Snapshot
- Plan Sponsor: Androscoggin Savings Bank
- Sponsor EIN: 010020240
- Sponsor Address: P.O. BOX 1407, LEWISTON, ME, 042431407
- Plan Type: DB
- Plan Number: 001
- Total Participants: 223
- Total Assets: $21.1M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 223 | $21.1M | $0 | $0 |
| 2024 | 21 | $20.1M | $0 | $0 |
| 2023 | 26 | $18.4M | $0 | $0 |
| 2022 | 29 | $16.8M | $0 | $0 |
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 |
|---|---|---|---|---|
| PORTLAND TRUST COMPANY | Other Service Provider | $110,022 | — | $110,022 |
| THE ANGELL PENSION GROUP, INC. | Other Service Provider | $13,101 | — | $13,101 |
| BAKER NEWMAN & NOYES, LLC | Other Service Provider | $12,500 | — | $12,500 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $135,623
- Estimated Expense Ratio: 0.641% 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 |
|---|---|---|---|---|---|
| 2025 | $1,017,719 | — | — | $12,500 | — |
| 2024 | $159,560 | — | — | $12,000 | — |
| 2023 | $74,251 | — | — | $11,600 | — |
| 2022 | — | — | — | — | — |