Plan Snapshot
- Plan Sponsor: Maine Community Bancorp
- Sponsor EIN: 811230147
- Sponsor Address: 254 MAIN STREET, BIDDEFORD, ME, 04005
- Plan Type: 401(k)
- Total Participants: 154
- Total Assets: $28.6M
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 | 154 | $28.6M | $997,837 | $1.0M |
| 2023 | 153 | $26.3M | $980,266 | $1.1M |
| 2022 | 151 | $21.9M | $917,686 | $1.0M |
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 LLC | 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 | $28,082 | $14,637 | — | — | — |
| 2023 | $9,346 | $3,382 | — | — | — |
| 2022 | $4,986 | $836 | — | — | $4,150 |