Plan Snapshot
- Plan Sponsor: Mtm Acquisition, INC. D/B/A Mainetoday
- Sponsor EIN: 473810067
- Sponsor Address: 8 NORTH STREET, ROCKLAND, ME, 04841
- Plan Type: 401(k)
- Total Participants: 0
- Total Assets: $0
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 | 0 | $0 | -$3,924 | $3,324 |
| 2023 | 74 | $19.7M | $121,572 | $698,234 |
| 2022 | 448 | $31.9M | $178,706 | $1.1M |
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 |
|---|---|---|---|---|
| TRANSAMERICA RETIREMENT SOLUTIONS | RECORD KEEPER | $137,942 | — | $137,942 |
| COMMONWEALTH EQUITY SERVICES, LLP | CONSULTANT | $29,754 | — | $29,754 |
| ALBIN, RANDALL & BENNETT, CPAS | Auditor | $18,500 | — | $18,500 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TRANSAMERICA RETIREMENT SOLUTIONS — RECORD KEEPER
- COMMONWEALTH EQUITY SERVICES, LLP — CONSULTANT
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $186,196
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 | $42,426 | $6,941 | — | $18,500 | — |
| 2023 | $83,849 | $14,878 | — | — | — |
| 2022 | $197,200 | $68,823 | — | — | — |