Plan Snapshot
- Plan Sponsor: Bigelow Laboratory For Ocean Sciences
- Sponsor EIN: 016006001
- Sponsor Address: P.O. BOX 380, EAST BOOTHBAY, ME, 04544
- Plan Type: 403(b)
- Total Participants: 102
- Total Assets: $30.9M
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 | 102 | $30.9M | $510,008 | $789,748 |
| 2023 | 104 | $27.0M | $469,588 | $799,521 |
| 2022 | 95 | $23.4M | $415,116 | $699,918 |
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 |
|---|---|---|---|---|
| PURDY POWERS & COMPANY | Auditor | $4,422 | — | $4,422 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $4,422
- Estimated Expense Ratio: 0.014% 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 | $69,124 | — | $64,604 | $4,422 | — |
| 2023 | $54,921 | — | $52,824 | $2,074 | — |
| 2022 | $48,441 | — | $48,441 | — | — |