Plan Snapshot
- Plan Sponsor: Mathews Brothers Company
- Sponsor EIN: 010116500
- Sponsor Address: 22 PERKINS RD, BELFAST, ME, 049156034
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 368
- Total Assets: $8.3M
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. |
|---|---|---|---|---|
| 2025 | 368 | $8.3M | $0 | $0 |
| 2024 | 257 | $7.3M | $72,367 | $547,915 |
| 2023 | 244 | $6.8M | $64,004 | $522,671 |
| 2022 | 199 | $5.9M | $64,078 | $488,309 |
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 |
|---|---|---|---|---|
| CPI QUALIFIED PLAN CONSULTANTS, INC | Other Service Provider | $23,012 | — | $23,012 |
| COMMONWEALTH FINANCIAL NETWORK | Other Service Provider | $15,929 | — | $15,929 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $38,941
- Estimated Expense Ratio: 0.468% 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 |
|---|---|---|---|---|---|
| 2025 | $1,023,711 | $15,929 | $4,700 | — | — |
| 2024 | $33,536 | $14,089 | $4,100 | — | — |
| 2023 | $34,650 | $12,634 | $8,225 | — | — |
| 2022 | $27,185 | $11,609 | $15,576 | — | — |