Plan Snapshot
- Plan Sponsor: Daaquam Lumber Maine INC.
- Sponsor EIN: 352517440
- Sponsor Address: PO BOX 749, ASHLAND, ME, 04732
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 0
- Total Assets: $0
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 0 | $0 | $0 | $0 |
| 2024 | 89 | $4.9M | $193,511 | $293,541 |
| 2023 | 80 | $4.2M | $209,166 | $265,415 |
| 2022 | 118 | $3.4M | $226,688 | $303,372 |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | Recordkeeper | $14,313 | — | $14,313 |
| CHESTER M KEARNEY, PA | Recordkeeper | $12,775 | — | $12,775 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $27,088
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 | $4,914,379 | $552 | — | — | — |
| 2024 | $29,701 | $2,613 | — | $12,775 | — |
| 2023 | $11,494 | $2,650 | — | — | — |
| 2022 | $5,067 | $2,511 | — | — | — |