Plan Snapshot
- Plan Sponsor: Lanco Assembly Systems, INC.
- Sponsor EIN: 010394214
- Sponsor Address: 12 THOMAS DR., WESTBROOK, ME, 04092
- Plan Type: 401(k)
- Total Participants: 118
- Total Assets: $18.6M
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 | 118 | $18.6M | $144,558 | $1.0M |
| 2023 | 131 | $16.5M | $61,027 | $928,048 |
| 2022 | 157 | $14.4M | $127,970 | $1.1M |
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 |
|---|---|---|---|---|
| ADP, INC. | Recordkeeper | $20,212 | — | $20,212 |
| AMERIPRISE FINANCIAL | Investment Advisor | $13,340 | — | $13,340 |
| AMERIPRISE FINANCIAL SERVICES LLC | Investment Advisor | $12,000 | — | $12,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ADP, INC. — Recordkeeper
- AMERIPRISE FINANCIAL — Investment Advisor
- AMERIPRISE FINANCIAL SERVICES LLC — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $45,552
- Estimated Expense Ratio: 0.245% 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 | $45,552 | $25,340 | — | — | — |
| 2023 | $44,770 | $22,239 | — | — | — |
| 2022 | $48,851 | — | — | — | — |