Plan Snapshot
- Plan Sponsor: Maine Savings Federal Credit Union
- Sponsor EIN: 010267010
- Sponsor Address: 101 WESTERN AVE, HAMPDEN, ME, 044441437
- Plan Type: 401(k)
- Total Participants: 157
- Total Assets: $16.3M
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 | 157 | $16.3M | $642,987 | $877,751 |
| 2023 | 140 | $13.8M | $524,697 | $719,387 |
| 2022 | 119 | $11.7M | $430,469 | $610,906 |
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 | $4,011 | $1,311 | — | — | — |
| 2023 | $2,666 | $166 | — | — | — |
| 2022 | $1,388 | — | — | — | — |