Plan Snapshot
- Plan Sponsor: Katahdin Valley Health Center
- Sponsor EIN: 237411014
- Sponsor Address: 529 SOUTH PATTEN RD, PATTEN, ME, 04765
- Plan Type: 401(k)
- Total Participants: 160
- Total Assets: $5.9M
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 | 160 | $5.9M | $359,147 | $546,909 |
| 2023 | 174 | $4.8M | $337,841 | $563,011 |
| 2022 | 161 | $3.6M | $284,332 | $506,851 |
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 |
|---|---|---|---|---|
| BERRY DUNN MCNEIL & PARKER, LLC | Auditor | — | — | $0 |
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 | -$13,455 | — | -$13,455 | — | — |
| 2023 | $4,496 | — | $4,496 | — | — |
| 2022 | $8,179 | — | $8,179 | — | — |