Plan Snapshot
- Plan Sponsor: Enercon Technologies
- Sponsor EIN: 010374055
- Sponsor Address: 25 NORTHBROOK DR., GRAY, ME, 04039
- Plan Type: 401(k)
- Total Participants: 234
- Total Assets: $15.6M
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 | 234 | $15.6M | $509,068 | $1.1M |
| 2023 | 247 | $12.9M | $434,719 | $988,492 |
| 2022 | 216 | $11.0M | $396,238 | $863,258 |
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 & COMPANY | 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 | $25,669 | — | $25,669 | — | — |
| 2023 | $24,463 | — | $24,463 | — | — |
| 2022 | $25,313 | — | $25,313 | — | — |