Plan Snapshot
- Plan Sponsor: The Bangor Publishing Company
- Sponsor EIN: 010024570
- Sponsor Address: P.O. BOX 1329, BANGOR, ME, 044021329
- Plan Type: DB
- Total Participants: 13
- Total Assets: $15.0M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 13 | $15.0M | $0 | $0 |
| 2023 | 18 | $16.2M | $325,000 | $0 |
| 2022 | 22 | $16.5M | $0 | $0 |
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 |
|---|---|---|---|---|
| ARTHUR J. GALLAGHER & CO. | Actuary | $90,898 | — | $90,898 |
| BANGOR SAVINGS BANK | Custodian / Trustee | $34,778 | — | $34,778 |
| MERCER INVESTMENT | Other Service Provider | $17,436 | — | $17,436 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ARTHUR J. GALLAGHER & CO. — Actuary
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $143,112
- Estimated Expense Ratio: 0.951% 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 | $342,101 | — | — | — | — |
| 2023 | $405,965 | $82,256 | — | — | — |
| 2022 | $327,963 | $84,204 | — | — | $42,075 |