Plan Snapshot
- Plan Sponsor: Hammond Lumber Company
- Sponsor EIN: 010323772
- Sponsor Address: PO BOX 500, BELGRADE, ME, 04917
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 427
- Total Assets: $39,143
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 427 | $39,143 | $4.3M | $2.0M |
| 2023 | 400 | $12,719 | $3.6M | $1.9M |
| 2022 | 382 | $22,883 | $3.1M | $1.6M |
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 |
|---|---|---|---|---|
| PATIENTS ADVOCATES, LLC | Other Service Provider | $379,742 | — | $379,742 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $379,742
- Estimated Expense Ratio: 970.140% 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 | $800,005 | $400,300 | $395,975 | — | — |
| 2023 | $589,879 | $204,928 | $383,386 | — | — |
| 2022 | $516,536 | $172,550 | $342,425 | — | — |