Plan Snapshot
- Plan Sponsor: The President & Trustees Of Colby College
- Sponsor EIN: 010211497
- Sponsor Address: 5500 MAYFLOWER HILL, WATERVILLE, ME, 049018855
- Plan Type: 403(b)
- Total Participants: 996
- Total Assets: $297.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- Allows Roth Contributions: Yes
- 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 | 996 | $297.0M | $5.0M | $5.6M |
| 2023 | 979 | $277.9M | $4.5M | $5.5M |
| 2022 | 914 | $248.3M | $4.4M | $5.1M |
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 |
|---|---|---|---|---|
| CBIZ CPAS P.C. | 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 | $109,277 | $25,000 | — | — | — |
| 2023 | $82,946 | $25,000 | — | — | — |
| 2022 | $74,574 | $25,000 | — | — | — |