# Daaquam Lumber Maine INC. 401(k) Plan
Source: https://planprovider.pro/companies/daaquam-lumber-maine-inc-401k-plan

> Daaquam Lumber Maine INC.'s 401(k) plan: 89 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Daaquam Lumber Maine INC.

- **Sponsor EIN:** 352517440

- **Sponsor Address:** PO BOX 749, ASHLAND, ME, 04732

- **Plan Type:** 401(k)

- **Total Participants:** 89

- **Total Assets:** $4.9M

## 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.|

| 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|

| CHESTER M. KEARNEY|Auditor|$12,775|—|$12,775|

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $12,775

- **Estimated Expense Ratio:** 0.260% 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|$29,701|$2,613|—|$12,775|—|

| 2023|$11,494|$2,650|—|—|—|

| 2022|$5,067|$2,511|—|—|—|

## Similar Plans

- [Stratton Lumber, INC.](https://planprovider.pro/companies/stratton-lumber-trg-retirement-savings-plan-401k-plan) — 140 participants

- [Irving Forest Products, INC.](https://planprovider.pro/companies/irving-forest-products-inc-401k-plan) — 1,580 participants

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