Plan Snapshot
- Plan Sponsor: Board Directors Of Profit Sharing & 401(K) Retirement Plan Local 567
- Sponsor EIN: 010439781
- Sponsor Address: 238 GODDARD ROAD, LEWISTON, ME, 042401000
- Plan Type: 401(k)
- Total Participants: 460
- Total Assets: $72.5M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- 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. |
|---|---|---|---|---|
| 2025 | 460 | $72.5M | $0 | $0 |
| 2024 | 451 | $70.0M | $0 | $0 |
| 2023 | 401 | $59.0M | $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 |
|---|---|---|---|---|
| NOVAK FRANCELLA, LLC | Auditor | $16,500 | — | $16,500 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- NOVAK FRANCELLA, LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $16,500
- Estimated Expense Ratio: 0.023% 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 | $278,916 | $45,000 | — | $16,500 | — |
| 2024 | $228,114 | $25,841 | — | $15,500 | — |
| 2023 | $210,546 | $26,550 | — | — | $27,452 |