Plan Snapshot
- Plan Sponsor: Community Concepts, INC.
- Sponsor EIN: 010424969
- Sponsor Address: 240 BATES STREET, LEWISTON, ME, 04240
- Plan Type: DC
- Total Participants: 349
- Total Assets: $12.7M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 349 | $12.7M | $462,058 | $534,277 |
| 2023 | 277 | $10.6M | $431,153 | $508,293 |
| 2022 | 262 | $10.1M | $429,030 | $562,493 |
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 CO | CONTRACT ADMIN | $98,706 | — | $98,706 |
| HEALEY AND ASSOCIATES, INC | INVESTMENT ADVISORY | — | $55,777 | $55,777 |
| BDMP ASSURANCE, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BDMP ASSURANCE, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $154,483
- Estimated Expense Ratio: 1.216% 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 | $98,706 | — | $98,706 | — | — |
| 2023 | $86,799 | — | $86,799 | — | — |
| 2022 | $99,352 | — | $99,352 | — | — |