Plan Snapshot
- Plan Sponsor: Ocean View Management Company
- Sponsor EIN: 010485403
- Sponsor Address: 20 BLUEBERRY LANE, FALMOUTH, ME, 04105
- Plan Type: 401(k)
- Total Participants: 169
- Total Assets: $5.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- 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. |
|---|---|---|---|---|
| 2024 | 169 | $5.5M | $232,295 | $477,375 |
| 2023 | 158 | $4.6M | $198,190 | $367,812 |
| 2022 | 126 | $3.9M | $169,101 | $351,697 |
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 & 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 | $32,805 | $32,805 | — | — | — |
| 2023 | $23,741 | $23,741 | — | — | — |
| 2022 | $26,300 | $23,395 | $2,905 | — | — |