Plan Snapshot
- Plan Sponsor: Healthreach Community Health Centers
- Sponsor EIN: 016023664
- Sponsor Address: 10 WATER STREET, SUITE 305, WATERVILLE, ME, 049016559
- Plan Type: 403(b)
- Total Participants: 276
- Total Assets: $21.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- 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 | 276 | $21.2M | $294,533 | $964,754 |
| 2023 | 296 | $20.8M | $266,845 | $960,814 |
| 2022 | 259 | $18.3M | $246,436 | $909,223 |
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 | $60,130 | $16,883 | $43,247 | — | — |
| 2023 | $85,643 | $27,159 | $40,284 | $18,200 | — |
| 2022 | $54,494 | $16,695 | $37,799 | — | — |