Plan Snapshot
- Plan Sponsor: Rlc Engineering, LLC
- Sponsor EIN: 205648923
- Sponsor Address: 267 WHITTEN ROAD, HALLOWELL, ME, 04347
- Plan Type: 401(k)
- Total Participants: 155
- Total Assets: $16.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 155 | $16.5M | $492,133 | $1.3M |
| 2023 | 132 | $13.7M | $429,697 | $1.1M |
| 2022 | 119 | $10.6M | $393,952 | $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 |
|---|---|---|---|---|
| VALMARK ADVISORS, INC. | ADVISOR | $30,733 | — | $30,733 |
| BPAS | RECORDKEEPER | $24,773 | — | $24,773 |
| ALBIN RANDALL & BENNETT | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BPAS — RECORDKEEPER
- ALBIN RANDALL & BENNETT — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $55,506
- Estimated Expense Ratio: 0.337% 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 | $55,506 | $30,733 | $24,773 | — | — |
| 2023 | — | — | — | — | — |
| 2022 | — | — | — | — | — |