Plan Snapshot
- Plan Sponsor: Medical Care Development, INC.
- Sponsor EIN: 016022787
- Sponsor Address: 105 SECOND STREET, HALLOWELL, ME, 04347
- Plan Type: 403(b)
- Total Participants: 156
- Total Assets: $12.9M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 156 | $12.9M | $437,679 | $783,456 |
| 2023 | 162 | $10.5M | $375,838 | $753,724 |
| 2022 | 140 | $8.3M | $319,373 | $775,569 |
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 |
|---|---|---|---|---|
| BDMP ASSURANCE, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BDMP ASSURANCE, LLP — Auditor
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 | $51,695 | $28,945 | $22,750 | — | — |
| 2023 | $43,916 | $22,445 | $21,471 | — | — |
| 2022 | $43,435 | $21,220 | $22,215 | — | — |