Plan Snapshot
- Plan Sponsor: Sargent Corporation
- Sponsor EIN: 010470209
- Sponsor Address: 3 GODFREY DRIVE, ORONO, ME, 04473
- Plan Type: 401(k)
- Total Participants: 509
- Total Assets: $73.7M
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 | 509 | $73.7M | $1.2M | $4.2M |
| 2023 | 436 | $66.3M | $950,894 | $3.7M |
| 2022 | 403 | $55.0M | $883,463 | $3.2M |
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 |
|---|---|---|---|---|
| ALBIN, RANDALL & BENNETT | 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 | $7,448 | $3,413 | $1,200 | — | — |
| 2023 | $4,285 | $2,482 | — | — | — |
| 2022 | $3,858 | $2,137 | — | — | — |