Plan Snapshot
- Plan Sponsor: Kleinschmidt Associates, INC.
- Sponsor EIN: 010371466
- Sponsor Address: 141 MAIN STREET, PO BOX 650, PITTSFIELD, ME, 04967
- Plan Type: 401(k)
- Total Participants: 211
- Total Assets: $63.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- 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 | 211 | $63.6M | $1.1M | $2.2M |
| 2023 | 214 | $55.3M | $807,071 | $2.1M |
| 2022 | 229 | $46.1M | $699,466 | $1.8M |
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 |
|---|---|---|---|---|
| BAKER NEWMAN NOYES | 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 | $72,157 | $35,000 | — | — | — |
| 2023 | $85,308 | $35,000 | $46,693 | — | — |
| 2022 | $89,866 | $35,000 | $42,586 | — | $8,939 |