Plan Snapshot
- Plan Sponsor: R.J. Grondin & Sons
- Sponsor EIN: 010279685
- Sponsor Address: 11 BARTLETT ROAD, GORHAM, ME, 04038
- Plan Type: 401(k)
- Total Participants: 125
- Total Assets: $17.1M
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 | 125 | $17.1M | $343,345 | $971,859 |
| 2023 | 132 | $15.5M | $354,062 | $933,962 |
| 2022 | 137 | $12.5M | $318,602 | $890,774 |
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 |
|---|---|---|---|---|
| COMMONWEALTH EQUITY SERVICES LLC | INVESTMENT ADVISOR | $28,150 | — | $28,150 |
| EMPOWER ANNUITY INSURANCE COMPANY O | RECORDKEEPER | $19,557 | — | $19,557 |
| 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: $47,707
- Estimated Expense Ratio: 0.278% 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 | $47,458 | — | $47,458 | — | — |
| 2023 | $40,818 | — | $40,818 | — | — |
| 2022 | $41,550 | — | $41,550 | — | — |