# The Mount Desert Island Biological Laboratory 403(b) Plan
Source: https://planprovider.pro/companies/the-mount-desert-island-biological-laboratory-403b-plan

> The Mount Desert Island Biological Laboratory's 403(b) plan: 86 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/tiaa-teachers-insurance-and-annuity-association-of-america-college-retirement-equities-fund) — Other Service Provider

- [LAUREN COREY CONSULTING, LLC](https://planprovider.pro/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|—|—|

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