Plan Snapshot
- Plan Sponsor: North Country Associates, INC.
- Sponsor EIN: 010414501
- Sponsor Address: 179 LISBON ST. P.O. BOX 1408, LEWISTON, ME, 042431408
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 438
- Total Assets: $7.2M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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. |
|---|---|---|---|---|
| 2025 | 438 | $7.2M | $0 | $0 |
| 2024 | 726 | $6.2M | $0 | $419,157 |
| 2023 | 649 | $5.8M | $0 | $463,390 |
| 2022 | 753 | $5.7M | $0 | $594,870 |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | Recordkeeper | $38,574 | — | $38,574 |
| EMPOWER ADVISORY GROUP, LLC | Investment Advisor | $23,192 | — | $23,192 |
| COMMONWEALTH EQUITY SERVICES LLC DB | Investment Advisor | $16,282 | — | $16,282 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $78,048
- Estimated Expense Ratio: 1.082% of plan assets
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 |
|---|---|---|---|---|---|
| 2025 | $640,297 | $39,474 | — | — | — |
| 2024 | $72,227 | $35,542 | — | — | — |
| 2023 | $31,038 | $31,038 | — | — | — |
| 2022 | $33,275 | — | $33,275 | — | — |