Plan Snapshot
- Plan Sponsor: Portland Air Freight, INC.
- Sponsor EIN: 010384794
- Sponsor Address: PO BOX 730, SCARBOROUGH, ME, 040700730
- Plan Type: 401(k)
- Total Participants: 99
- Total Assets: $5.5M
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 | 99 | $5.5M | $104,090 | $447,548 |
| 2023 | 99 | $4.5M | $88,883 | $437,415 |
| 2022 | 101 | $3.7M | $101,536 | $399,951 |
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 |
|---|---|---|---|---|
| ALBIN RANDALL & BENNETT | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ALBIN RANDALL & BENNETT — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $34,894 | $12,539 | $22,355 | — | — |
| 2023 | $29,729 | $5,645 | $24,084 | — | — |
| 2022 | $31,368 | $9,045 | $19,873 | — | $2,450 |