Plan Snapshot
- Plan Sponsor: Project Inspire, INC. Dba Rarebreed Veterinary P
- Sponsor EIN: 832102599
- Sponsor Address: 27 PEARL STREET, PORTLAND, ME, 04101
- Plan Type: 401(k)
- Total Participants: 2,617
- Total Assets: $66.0M
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 | 2,617 | $66.0M | $4.7M | $9.8M |
| 2023 | 2,642 | $47.7M | $4.2M | $8.0M |
| 2022 | 1,911 | $20.8M | $3.3M | $4.7M |
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 |
|---|---|---|---|---|
| BAKER, NEWMAN & NOYES, LLC | Auditor | — | — | $0 |
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 | $74,655 | — | — | — | — |
| 2023 | $104,999 | — | — | — | — |
| 2022 | $16,353 | — | — | — | $16,353 |