Plan Snapshot
- Plan Sponsor: Aroostook Mental Health Services, INC.
- Sponsor EIN: 010276859
- Sponsor Address: 180 ACADEMY STREET, PRESQUE ISLE, ME, 04769
- Plan Type: 401(k)
- Total Participants: 362
- Total Assets: $10.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 362 | $10.1M | $232,482 | $508,690 |
| 2023 | 343 | $8.6M | $205,700 | $447,164 |
| 2022 | 321 | $7.4M | $210,853 | $452,464 |
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 ADVISERS INC | Investment Advisor | $23,738 | — | $23,738 |
| RETIREMENT SOLUTION GROUP LLC | Other Service Provider | $5,043 | — | $5,043 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $28,781
- Estimated Expense Ratio: 0.284% 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 | $5,900 | — | — | — | — |
| 2023 | $1,859 | — | — | — | — |
| 2022 | $1,947 | — | — | — | — |