Plan Snapshot
- Plan Sponsor: Pierce Atwood LLP
- Sponsor EIN: 010190452
- Sponsor Address: MERRILL'S WHARF, PORTLAND, ME, 04101
- Plan Type: 401(k)
- Total Participants: 260
- Total Assets: $138.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 260 | $138.1M | $3.9M | $4.4M |
| 2023 | 262 | $108.9M | $3.6M | $2.8M |
| 2022 | 177 | $97.0M | $3.0M | $2.6M |
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 |
|---|---|---|---|---|
| RM DAVIS INC | Investment Advisor | $66,949 | — | $66,949 |
| SCHWAB RETIREMENT PLAN SERVICES,INC | Recordkeeper | $43,549 | — | $43,549 |
| H. M. PAYSON & CO. | Other Service Provider | $31,858 | — | $31,858 |
| SPINNAKER TRUST | Other Service Provider | $19,514 | — | $19,514 |
| APPLETON PARTNERS INC | Other Service Provider | $8,426 | — | $8,426 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- RM DAVIS INC — Investment Advisor
- SCHWAB RETIREMENT PLAN SERVICES,INC — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $170,296
- Estimated Expense Ratio: 0.123% 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 | $172,721 | $135,488 | — | — | — |
| 2023 | $180,835 | $132,975 | — | — | — |
| 2022 | $161,742 | $95,714 | — | — | $12,400 |