# Board Directors Of Profit Sharing & 401(K) Retirement Plan Local 567 401(k) Plan
Source: https://planprovider.pro/companies/board-directors-of-profit-sharing-401-k-retirement-plan-local-567-plan

> Board Directors Of Profit Sharing & 401(K) Retirement Plan Local 567's 401(k) plan: 460 participants, plan year 2025 financials, providers, and benchmarks fr…

Form 5500 filing data for plan year 2025.

## 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](https://planprovider.pro/provider/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|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/board-directors-of-profit-sharing-401-k-retirement-plan-local-567-plan)

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