Plan Snapshot
- Plan Sponsor: Mayo Healthcare, INC.
- Sponsor EIN: 030140186
- Sponsor Address: 71 RICHARDSON STREET, NORTHFIELD, VT, 05663
- Plan Type: 401(k)
- Total Participants: 116
- Total Assets: $2.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 116 | $2.1M | $49,716 | $114,627 |
| 2023 | 101 | $2.4M | $44,313 | $75,336 |
| 2022 | 85 | $2.0M | $51,827 | $83,104 |
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 |
|---|---|---|---|---|
| KITTELL, BRANAGAN & SARGENT, CPA | 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 | $25,389 | $11,022 | $14,367 | — | — |
| 2023 | $23,654 | — | $23,654 | — | — |
| 2022 | $19,998 | — | $19,998 | — | — |