Plan Snapshot
- Plan Sponsor: Baker Newman & Noyes, LLC
- Sponsor EIN: 010494526
- Sponsor Address: 280 FORE ST., PORTLAND, ME, 04101
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 464
- Total Assets: $124.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 464 | $124.7M | $0 | $0 |
| 2024 | 319 | $110.7M | $2.7M | $3.5M |
| 2023 | 302 | $100.3M | $2.6M | $3.3M |
| 2022 | 305 | $86.6M | $2.3M | $2.9M |
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 |
|---|---|---|---|---|
| STEWARD PARTNERS HOLDING LLC DBA ST | Investment Advisor | $60,000 | — | $60,000 |
| CAPITAL GROUP RETIREMENT PLAN SVCS. | Recordkeeper | $5,594 | — | $5,594 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $65,594
- Estimated Expense Ratio: 0.053% 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 | $10,997,306 | $60,000 | — | — | — |
| 2024 | $65,991 | $60,000 | — | — | — |
| 2023 | $64,498 | $60,000 | — | — | — |
| 2022 | $65,006 | $59,992 | $5,014 | — | — |