Plan Snapshot
- Plan Sponsor: Kennebec Valley Community Action Program
- Sponsor EIN: 010277678
- Sponsor Address: 101 WATER STREET, WATERVILLE, ME, 04901
- Plan Type: 403(b)
- Plan Number: 001
- Total Participants: 296
- Total Assets: $10.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 296 | $10.4M | $458,421 | $460,275 |
| 2023 | 319 | $9.7M | $407,665 | $389,776 |
| 2022 | 300 | $8.2M | $378,195 | $399,843 |
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 |
|---|---|---|---|---|
| WIPFLI, LLP | 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 | $2,780 | — | $2,780 | — | — |
| 2023 | $2,485 | — | $2,485 | — | — |
| 2022 | $2,425 | — | $2,425 | — | — |