Plan Snapshot
- Plan Sponsor: Nappi Distributors, INC.
- Sponsor EIN: 010261330
- Sponsor Address: 615 MAIN ST, GORHAM, ME, 04038
- Plan Type: 401(k)
- Total Participants: 213
- Total Assets: $18.6M
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 | 213 | $18.6M | $301,835 | $725,335 |
| 2023 | 204 | $17.3M | $278,523 | $707,741 |
| 2022 | 205 | $14.1M | $229,560 | $630,840 |
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 |
|---|---|---|---|---|
| BAKER NEWMAN AND NOYES, LLC | 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 | $14,938 | $6,651 | — | — | — |
| 2023 | $16,481 | $6,426 | $300 | — | — |
| 2022 | $12,848 | $5,034 | — | — | — |