Plan Snapshot
- Plan Sponsor: C & L Aerospace Holdings LLC
- Sponsor EIN: 272237589
- Sponsor Address: 40 WYOMING AVE, BANGOR, ME, 044013068
- Plan Type: 401(k)
- Total Participants: 142
- Total Assets: $4.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- 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. |
|---|---|---|---|---|
| 2024 | 142 | $4.5M | $187,021 | $428,459 |
| 2023 | 152 | $3.8M | $402,907 | $533,340 |
| 2022 | 208 | $2.3M | $67,018 | $546,308 |
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 |
|---|---|---|---|---|
| PAYCHEX, INC. | Recordkeeper | $20,356 | — | $20,356 |
| MERRILL LYNCH, PIERCE, FENNER | Investment Advisor | $9,579 | — | $9,579 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- PAYCHEX, INC. — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $29,935
- Estimated Expense Ratio: 0.663% 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 | $34,457 | $9,579 | $23,918 | — | — |
| 2023 | $28,923 | $6,615 | $21,348 | — | — |
| 2022 | $20,501 | $5,314 | $15,187 | — | — |