Plan Snapshot
- Plan Sponsor: Down East Community Hospital
- Sponsor EIN: 010263198
- Sponsor Address: 11 HOSPITAL DRIVE, MACHIAS, ME, 04654
- Plan Type: 401(k)
- Total Participants: 296
- Total Assets: $22.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 296 | $22.7M | $770,464 | $1.2M |
| 2023 | 298 | $22.8M | $738,159 | $1.1M |
| 2022 | 292 | $19.7M | $765,827 | $1.0M |
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 |
|---|---|---|---|---|
| AMERIPRISE FINANCIAL SERVICES LLC | Investment Advisor | $53,304 | — | $53,304 |
| DOWNEAST PENSION SERVICES INC | Other Service Provider | $5,575 | — | $5,575 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $58,879
- 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 | $62,853 | — | $62,853 | — | — |
| 2023 | $65,438 | — | $56,473 | — | — |
| 2022 | $56,011 | $52,611 | $3,400 | — | — |