Plan Snapshot
- Plan Sponsor: Elmet Technologies LLC
- Sponsor EIN: 472668452
- Sponsor Address: 1560 LISBON STREET, LEWISTON, ME, 04240
- Plan Type: 401(k)
- Total Participants: 391
- Total Assets: $98.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- 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 | 391 | $98.8M | $1.5M | $1.4M |
| 2023 | 157 | $9.6M | $223,824 | $460,318 |
| 2022 | 153 | $8.6M | $203,513 | $451,775 |
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 |
|---|---|---|---|---|
| BAKER NEWMAN NOYES | Auditor | $575 | — | $575 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $575
- Estimated Expense Ratio: 0.001% 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 | $40,131 | — | $39,556 | $575 | — |
| 2023 | $14,054 | $8,449 | — | — | — |
| 2022 | $15,906 | — | $9,572 | — | — |