# New Communities, INC. 401(k) Plan
Source: https://planprovider.pro/companies/new-communities-inc-401k-plan

> New Communities, INC.'s 401(k) plan: 313 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** New Communities, INC.

- **Sponsor EIN:** 815393817

- **Sponsor Address:** 869 MAIN STREET SUITE 600, WESTBROOK, ME, 04092

- **Plan Type:** 401(k)

- **Total Participants:** 313

- **Total Assets:** $6.8M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** Yes

- **Allows Roth Contributions:** No

- **Participant Loans:** No

- **Participant-Directed Investments:** No

- **ERISA Section 404(c) Fiduciary Safe Harbor:** Yes

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|313|$6.8M|$249,505|$347,619|

| 2023|325|$5.9M|$228,334|$348,962|

| 2022|314|$4.6M|$227,841|$348,277|

## 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](https://planprovider.pro/provider/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|$22,989|—|$22,989|—|—|

| 2023|$18,473|—|—|—|—|

| 2022|$18,695|—|—|—|$18,695|

## Similar Plans

- [Cedars Nursing Care Center](https://planprovider.pro/companies/cedars-nursing-care-center-401k-plan) — 247 participants

- [Maine Life Care Retirement Community, INC. Dba Piper Shores](https://planprovider.pro/companies/maine-life-care-retirement-community-inc-d-b-a-piper-shores-401k-plan) — 234 participants

- [Port Resources](https://planprovider.pro/companies/port-resources-401k-plan) — 207 participants

- [Waypoint Maine, INC.](https://planprovider.pro/companies/waypoint-maine-inc-401k-plan) — 428 participants

- [Maple Grove Nursing Home, INC. Dba Madigan Estates](https://planprovider.pro/companies/maple-grove-nursing-home-inc-dba-madigan-estates-401k-plan) — 197 participants

- [Alternative Services-Northeast, INC.](https://planprovider.pro/companies/alternative-services-northeast-inc-403b-plan) — 128 participants

[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/new-communities-inc-401k-plan)

© 2026 PlanProvider.Pro