# Port Resources 401(k) Plan
Source: https://planprovider.pro/companies/port-resources-401k-plan

> Port Resources's 401(k) plan: 207 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|—|—|—|—|

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