Plan Snapshot
- Plan Sponsor: Lanco Assembly Systems, INC.
- Sponsor EIN: 010394214
- Sponsor Address: 12 THOMAS DRIVE, WESTBROOK, ME, 040923824
- Plan Type: DC
- Total Participants: 110
- Total Assets: $8.9M
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 | 110 | $8.9M | $350,000 | $0 |
| 2023 | 126 | $8.9M | $300,000 | $0 |
| 2022 | 129 | $5.5M | $300,000 | $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 |
|---|---|---|---|---|
| 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 | $4,411 | $4,366 | — | — | — |
| 2023 | — | — | — | — | — |
| 2022 | $7,656 | — | — | — | $7,656 |