Plan Snapshot
- Plan Sponsor: Northeast Bank
- Sponsor EIN: 010029040
- Sponsor Address: 35 CANAL STREET, LEWISTON, ME, 04240
- Plan Type: 401(k)
- Plan Number: 002
- Total Participants: 314
- Total Assets: $33.7M
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. |
|---|---|---|---|---|
| 2025 | 314 | $33.7M | $0 | $0 |
| 2024 | 211 | $27.7M | $598,441 | $1.8M |
| 2023 | 181 | $22.7M | $501,818 | $1.6M |
| 2022 | 171 | $18.0M | $477,213 | $1.4M |
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 |
|---|---|---|---|---|
| JOHNSON OCONNOR FERON & CARUCCI LLP | 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 |
|---|---|---|---|---|---|
| 2025 | $1,401,929 | — | $440 | — | — |
| 2024 | $400 | — | $400 | — | — |
| 2023 | $640 | — | $640 | — | — |
| 2022 | $600 | — | $600 | — | — |