Plan Snapshot
- Plan Sponsor: L.L.Bean, INC.
- Sponsor EIN: 010026590
- Sponsor Address: CASCO STREET, FREEPORT, ME, 040330001
- Plan Type: DB
- Total Participants: 0
- Total Assets: $1,489
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. |
|---|---|---|---|---|
| 2023 | 0 | $1,489 | $51.0M | $0 |
| 2022 | 346 | $208.0M | $0 | $0 |
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 |
|---|---|---|---|---|
| WILLIS TOWERS WATSON US LLC | Recordkeeper | $1,779,765 | — | $1,779,765 |
| GOLDMAN SACHS ASSET MANAGEMENT, LP | Investment Advisor | $843,750 | — | $843,750 |
| VERRILL DANA, LLP | ERISA Attorney | $231,617 | — | $231,617 |
| KEY TRUST COMPANY OF MAINE | Other Service Provider | $117,426 | — | $117,426 |
| AGILIS PARTNERS LLC | Other Service Provider | $16,000 | — | $16,000 |
| SMART SOURCE, LLC | Other Service Provider | $6,156 | — | $6,156 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WILLIS TOWERS WATSON US LLC — Recordkeeper
- GOLDMAN SACHS ASSET MANAGEMENT, LP — Investment Advisor
- VERRILL DANA, LLP — ERISA Attorney
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $2,994,714
- Estimated Expense Ratio: 201122.498% 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 |
|---|---|---|---|---|---|
| 2023 | $4,176,573 | — | — | — | — |
| 2022 | $3,585,194 | $859,750 | — | — | $2,011,382 |