Plan Snapshot
- Plan Sponsor: The Mount Desert Island Biological Laboratory
- Sponsor EIN: 010202467
- Sponsor Address: PO BOX 35, SALISBURY COVE, ME, 046720035
- Plan Type: 403(b)
- Total Participants: 86
- Total Assets: $15.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- 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 | 86 | $15.9M | $418,263 | $646,206 |
| 2023 | 88 | $13.8M | $331,098 | $582,652 |
| 2022 | 79 | $11.4M | $294,895 | $507,377 |
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 |
|---|---|---|---|---|
| TIAA | Other Service Provider | $20,200 | — | $20,200 |
| LAUREN COREY CONSULTING, LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TIAA — Other Service Provider
- LAUREN COREY CONSULTING, LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $20,200
- Estimated Expense Ratio: 0.127% 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 | $20,200 | — | $20,200 | — | — |
| 2023 | $16,616 | — | $16,616 | — | — |
| 2022 | $8,405 | — | $8,405 | — | — |