Plan Snapshot
- Plan Sponsor: Mascoma Bank
- Sponsor EIN: 020163906
- Sponsor Address: 67 NORTH PARK STREET, LEBANON, NH, 037660435
- Plan Type: 401(k)
- Total Participants: 387
- Total Assets: $76.2M
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 | 387 | $76.2M | $2.9M | $3.2M |
| 2023 | 404 | $64.9M | $2.8M | $3.3M |
| 2022 | 400 | $56.5M | $2.8M | $3.0M |
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 |
|---|---|---|---|---|
| T ROWE PRICE RPS INC | NONE | $47,754 | — | $47,754 |
| BERRYDUNN | NONE | $17,000 | — | $17,000 |
| BERRY, DUNN, MCNEIL & PARKER | Auditor | $17,000 | — | $17,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $81,754
- Estimated Expense Ratio: 0.107% 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 | $64,754 | — | — | $17,000 | — |
| 2023 | $69,749 | — | — | $16,250 | — |
| 2022 | $60,404 | — | — | — | $15,300 |