Plan Snapshot
- Plan Sponsor: Lyman-Morse Boatbuilding, INC.
- Sponsor EIN: 010359326
- Sponsor Address: 84 KNOX STREET, THOMASTON, ME, 04861
- Plan Type: 401(k)
- Total Participants: 121
- Total Assets: $8.9M
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 | 121 | $8.9M | $130,684 | $428,393 |
| 2023 | 128 | $7.5M | $123,420 | $394,577 |
| 2022 | 129 | $6.4M | $118,888 | $422,833 |
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 |
|---|---|---|---|---|
| ONE RIVER, CPAS | 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 | $23,906 | $20,301 | $3,605 | — | — |
| 2023 | $19,829 | $16,739 | $3,090 | — | — |
| 2022 | $19,434 | $17,044 | $2,390 | — | — |