# Lyman-Morse Boatbuilding, INC. 401(k) Plan
Source: https://planprovider.pro/companies/lyman-morse-boatbuilding-inc-401k-plan

> Lyman-Morse Boatbuilding, INC.'s 401(k) plan: 121 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|

| AMERIPRISE FINANCIAL|NONE|$20,301|—|$20,301|

| 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:** $20,301

- **Estimated Expense Ratio:** 0.229% 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|$23,906|$20,301|$3,605|—|—|

| 2023|$19,829|$16,739|$3,090|—|—|

| 2022|$19,434|$17,044|$2,390|—|—|

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