Plan Snapshot
- Plan Sponsor: First Atlantic Corporation
- Sponsor EIN: 010407925
- Sponsor Address: 100 WATERMAN DRIVE, SUITE 401, SOUTH PORTLAND, ME, 04106
- Plan Type: 401(k)
- Total Participants: 1,026
- Total Assets: $11.8M
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 | 1,026 | $11.8M | $259,850 | $1.1M |
| 2023 | 955 | $9.9M | $126,950 | $764,580 |
| 2022 | 808 | $8.4M | $18,911 | $558,990 |
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 |
|---|---|---|---|---|
| BDMP ASSURANCE, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BDMP ASSURANCE, LLP — Auditor
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 | $72,301 | — | $72,301 | — | — |
| 2023 | $49,180 | — | $49,165 | — | — |
| 2022 | $15,210 | — | — | — | $15,210 |