Plan Snapshot
- Plan Sponsor: Kennebec Pharmacy & Home Care
- Sponsor EIN: 010501417
- Sponsor Address: 14 GABRIEL DR, AUGUSTA, ME, 04330
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 75
- Total Assets: $272,018
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 | 75 | $272,018 | $979,184 | $124,285 |
| 2023 | 85 | $142,372 | $907,124 | $100,039 |
| 2022 | 81 | $106,370 | $743,652 | $75,311 |
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 |
|---|---|---|---|---|
| HEALTH PLANS. INC | Other Service Provider | $55,370 | — | $55,370 |
| ACADIA BENEFITS, INC | Investment Advisor | $23,050 | — | $23,050 |
| THE BENECON GROUP | Investment Advisor | $18,326 | — | $18,326 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $96,746
- Estimated Expense Ratio: 35.566% 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 | $1,021,769 | — | — | — | — |
| 2023 | $755,034 | — | — | — | — |
| 2022 | $1,000,891 | — | — | — | — |