Plan Snapshot
- Plan Sponsor: Preti, Flaherty, Beliveau & Pachios LLP
- Sponsor EIN: 010502585
- Sponsor Address: ONE CITY CENTER, PORTLAND, ME, 04101
- Plan Type: 401(k)
- Total Participants: 182
- Total Assets: $127.6M
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 | 182 | $127.6M | $2.2M | $2.3M |
| 2023 | 186 | $116.4M | $2.0M | $2.3M |
| 2022 | 207 | $98.0M | $2.2M | $2.1M |
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 |
|---|---|---|---|---|
| H.M. PAYSON & CO | Other Service Provider | $226,006 | — | $226,006 |
| SCHWAB RETIREMENT PLAN SERVICES,INC | Recordkeeper | $47,962 | — | $47,962 |
| EP WEALTH ADVISORS LLC | Other Service Provider | $24,665 | — | $24,665 |
| FIDUCIENT ADVISORS LLC | Other Service Provider | $22,000 | — | $22,000 |
| R M DAVIS INC. | Investment Advisor | $15,750 | — | $15,750 |
| BERRY DUNN MCNEIL & PARKER LLC | Other Service Provider | $13,920 | — | $13,920 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SCHWAB RETIREMENT PLAN SERVICES,INC — Recordkeeper
- R M DAVIS INC. — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $350,303
- Estimated Expense Ratio: 0.275% 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 | $350,303 | $291,099 | — | $13,920 | — |
| 2023 | $320,371 | $263,651 | $13,250 | — | — |
| 2022 | $297,054 | $244,542 | — | — | $12,222 |