Plan Snapshot
- Plan Sponsor: Eyecare Medical Group
- Sponsor EIN: 010358257
- Sponsor Address: 53 SEWALL ST, PORTLAND, ME, 04102
- Plan Type: 401(k)
- Total Participants: 138
- Total Assets: $18.8M
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 | 138 | $18.8M | $347,815 | $867,452 |
| 2023 | 126 | $20.5M | $317,403 | $793,992 |
| 2022 | 107 | $18.4M | $268,152 | $678,969 |
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 |
|---|---|---|---|---|
| EMPOWER ADVISORY GROUP, LLC | Investment Advisor | $36,944 | — | $36,944 |
| EMPOWER ANNUITY INSURANCE CO OF AM | Recordkeeper | $19,941 | — | $19,941 |
| BLUE RIDGE ESOP ASSOCIATES | Other Service Provider | $2,975 | $7,308 | $10,283 |
| ENVESTNET RETIREMENT SOLUTIONS LLC | Other Service Provider | $7,057 | — | $7,057 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $74,225
- Estimated Expense Ratio: 0.394% 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 | $67,017 | — | $67,017 | — | — |
| 2023 | $58,869 | $58,202 | — | — | — |
| 2022 | $37,907 | — | — | — | $37,907 |