Plan Snapshot
- Plan Sponsor: Maple Grove Nursing Home, INC. Dba Madigan Estates
- Sponsor EIN: 010317512
- Sponsor Address: 93 MILITARY STREET, HOULTON, ME, 04730
- Plan Type: 401(k)
- Total Participants: 197
- Total Assets: $4.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- 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 | 197 | $4.7M | $61,222 | $182,144 |
| 2023 | 118 | $4.0M | $62,791 | $176,947 |
| 2022 | 139 | $3.8M | $59,560 | $186,813 |
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 |
|---|---|---|---|---|
| BERRY DUNN MCNEIL & PARKER | Auditor | $10,250 | — | $10,250 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $10,250
- Estimated Expense Ratio: 0.220% 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 | $289,109 | — | $43,831 | — | — |
| 2023 | $33,176 | $19,458 | — | $10,250 | — |
| 2022 | $37,740 | — | — | — | — |