Plan Snapshot
- Plan Sponsor: Everett J. Prescott, INC.
- Sponsor EIN: 010247432
- Sponsor Address: P.O. BOX 600, GARDINER, ME, 04345
- Plan Type: 401(k)
- Total Participants: 322
- Total Assets: $30.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 322 | $30.2M | $564,630 | $2.6M |
| 2023 | 316 | $26.3M | $560,922 | $2.5M |
| 2022 | 302 | $21.1M | $496,553 | $2.3M |
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, LLC | 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 | $115,527 | — | $115,527 | — | — |
| 2023 | $91,654 | — | $89,333 | — | — |
| 2022 | $84,903 | $54,090 | $27,738 | — | $3,075 |