Plan Snapshot
- Plan Sponsor: University Of New England
- Sponsor EIN: 010211810
- Sponsor Address: 11 HILLS BEACH ROAD, BIDDEFORD, ME, 04005
- Plan Type: 403(b)
- Total Participants: 1,230
- Total Assets: $248.8M
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 | 1,230 | $248.8M | $5.6M | $8.1M |
| 2023 | 1,126 | $226.9M | $4.9M | $7.2M |
| 2022 | 1,077 | $197.5M | $4.6M | $6.7M |
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 |
|---|---|---|---|---|
| BDMP ASSURANCE, LLP | 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 | $90,916 | $10,644 | — | — | — |
| 2023 | $73,415 | — | $600 | $13,700 | — |
| 2022 | — | — | — | — | — |