Plan Snapshot
- Plan Sponsor: Opportunity Alliance
- Sponsor EIN: 010274725
- Sponsor Address: 50 LYDIA LANE, SOUTH PORTLAND, ME, 04106
- Plan Type: 401(k)
- Total Participants: 465
- Total Assets: $17.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- 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 | 465 | $17.0M | $370,535 | $1.2M |
| 2023 | 460 | $15.6M | $398,538 | $1.1M |
| 2022 | 436 | $13.1M | $365,162 | $1.1M |
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 |
|---|---|---|---|---|
| COMMONWEALTH EQUITY SERVICE, LLC | INVESTMENT ADVISOR | $39,011 | — | $39,011 |
| EMPOWER ANNUITY INS CO OF AMERICA | RECORDKEEPER | $22,354 | — | $22,354 |
| HUB INTERNATIONAL NEW ENGLAND LLC | CONTRACT ADMIN | $10,870 | — | $10,870 |
| EMPOWER ADVISORY GROUP, LLC | INVESTMENT MGMT | $5,283 | — | $5,283 |
| BPMD ASSURANCE, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- COMMONWEALTH EQUITY SERVICE, LLC — INVESTMENT ADVISOR
- BPMD ASSURANCE, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $77,518
- Estimated Expense Ratio: 0.456% 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 |
|---|---|---|---|---|---|
| 2024 | $69,660 | — | — | — | — |
| 2023 | $58,751 | — | — | — | — |
| 2022 | $69,555 | — | — | — | — |