Plan Snapshot
- Plan Sponsor: Pape Chevrolet, INC.
- Sponsor EIN: 010284459
- Sponsor Address: 425 WESTBROOK STREET, SOUTH PORTLAND, ME, 04106
- Plan Type: 401(k)
- Total Participants: 112
- Total Assets: $20.6M
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. |
|---|---|---|---|---|
| 2024 | 112 | $20.6M | $294,363 | $994,008 |
| 2023 | 104 | $19.1M | $302,929 | $981,364 |
| 2022 | 104 | $15.7M | $289,803 | $938,249 |
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 |
|---|---|---|---|---|
| AMERIPRISE FINANCIAL | INVESTMENT/FINANCIAL ADVI | $48,582 | — | $48,582 |
| ADP, INC. | RECORD KEEPER | $17,236 | — | $17,236 |
| ALBIN RANDALL & BENNETT | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- AMERIPRISE FINANCIAL — INVESTMENT/FINANCIAL ADVI
- ADP, INC. — RECORD KEEPER
- ALBIN RANDALL & BENNETT — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $65,818
- Estimated Expense Ratio: 0.320% 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 | $65,819 | $64,679 | — | — | — |
| 2023 | $58,582 | $57,277 | — | — | — |
| 2022 | $56,390 | — | — | — | — |