# Hammond Lumber Company 401(k) Plan
Source: https://planprovider.pro/companies/hammond-lumber-company-010323772-501

> Hammond Lumber Company's 401(k) plan: 427 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|—|—|

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