Plan Snapshot
- Plan Sponsor: Morrison Center
- Sponsor EIN: 010243254
- Sponsor Address: 60 CHAMBERLAIN RD, SCARBOROUGH, ME, 04070
- Plan Type: 403(b)
- Total Participants: 125
- Total Assets: $1.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- 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 | 125 | $1.5M | $20,972 | $258,308 |
| 2023 | 249 | $1.2M | $74,156 | $265,690 |
| 2022 | 271 | $930,260 | $84,819 | $242,113 |
| 2021 | 259 | $953,246 | $0 | $0 |
| 2020 | 289 | $748,713 | $0 | $0 |
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 |
|---|---|---|---|---|
| PURDY POWERS & COMPANY | 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 | $19,280 | $10,938 | — | — | — |
| 2023 | $23,102 | — | $23,102 | — | — |
| 2022 | $20,850 | — | $20,850 | — | — |
| 2021 | $22,575 | — | $22,575 | — | — |
| 2020 | $16,902 | — | $16,902 | — | — |