Plan Snapshot
- Plan Sponsor: Port Resources
- Sponsor EIN: 010367582
- Sponsor Address: 280 B GANNETT DRIVE, SOUTH PORTLAND, ME, 04106
- Plan Type: 401(k)
- Total Participants: 207
- Total Assets: $3.4M
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 | 207 | $3.4M | $66,821 | $303,550 |
| 2023 | 192 | $2.9M | $68,999 | $311,175 |
| 2022 | 161 | $2.8M | $75,117 | $326,692 |
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 |
|---|---|---|---|---|
| MUTUAL OF AMERICA SEC. CORP LLC | RECORD KEEPER | $20,292 | — | $20,292 |
| OUELLETTE & ASSOCIATES PA | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $20,292
- Estimated Expense Ratio: 0.593% 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 | $27,940 | $1,636 | — | — | — |
| 2023 | $24,409 | — | $24,409 | — | — |
| 2022 | $26,147 | — | — | — | — |