Plan Snapshot
- Plan Sponsor: Charlie'S Motor Mall, INC.
- Sponsor EIN: 010414931
- Sponsor Address: PO BOX 5250, AUGUSTA, ME, 043325250
- Plan Type: 401(k)
- Total Participants: 222
- Total Assets: $20.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 222 | $20.8M | $216,731 | $1.3M |
| 2023 | 220 | $18.6M | $231,466 | $1.3M |
| 2022 | 204 | $15.8M | $224,945 | $1.2M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $90,716 | — | $90,716 |
| VALMARK ADVISERS | INVESTMENT ADVISORY | — | $27,902 | $27,902 |
| ALBIAN, RANDALL & BENNETT, CPA | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $118,618
- Estimated Expense Ratio: 0.570% 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 | $90,716 | — | $90,716 | — | — |
| 2023 | $71,957 | — | $71,957 | — | — |
| 2022 | $72,842 | — | $72,842 | — | — |