Plan Snapshot
- Plan Sponsor: Reed And Reed
- Sponsor EIN: 010378835
- Sponsor Address: PO BOX 370, WOOLWICH, ME, 045790370
- Plan Type: 401(k)
- Plan Number: 002
- Total Participants: 222
- Total Assets: $46.1M
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. |
|---|---|---|---|---|
| 2025 | 222 | $46.1M | $0 | $0 |
| 2024 | 191 | $40.9M | $1.4M | $1.2M |
| 2023 | 167 | $36.6M | $1.2M | $1.0M |
| 2022 | 133 | $33.0M | $711,651 | $1.0M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $33,465 | — | $33,465 |
| COMMONWEALTH FINANCIAL NETWORK | Other Service Provider | $28,488 | $12 | $28,500 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $61,965
- Estimated Expense Ratio: 0.135% 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 |
|---|---|---|---|---|---|
| 2025 | $2,403,342 | $14,244 | $33,465 | — | — |
| 2024 | $45,107 | $14,448 | $28,066 | — | — |
| 2023 | $38,918 | $14,495 | $24,423 | — | — |
| 2022 | $42,398 | $14,495 | $27,903 | — | — |