Plan Snapshot
- Plan Sponsor: Drummond, Woodsum & Macmahon, P.A.
- Sponsor EIN: 010351512
- Sponsor Address: 84 MARGINAL WAY, SUITE 600, PORTLAND, ME, 04101
- Plan Type: DC
- Total Participants: 187
- Total Assets: $90.0M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 187 | $90.0M | $2.1M | $2.6M |
| 2023 | 162 | $78.7M | $2.0M | $2.1M |
| 2022 | 149 | $68.8M | $1.9M | $2.0M |
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 |
|---|---|---|---|---|
| PURDY POWERS & CO. P.A. | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $8,260 | $5,733 | — | — | — |
| 2023 | $7,044 | $3,108 | — | — | — |
| 2022 | $8,593 | $2,197 | — | — | — |