Plan Snapshot
- Plan Sponsor: Waypoint Maine, INC.
- Sponsor EIN: 010279587
- Sponsor Address: 5 DUNAWAY DRIVE, SANFORD, ME, 04073
- Plan Type: 401(k)
- Total Participants: 428
- Total Assets: $5.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- 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 | 428 | $5.8M | $187,065 | $382,823 |
| 2023 | 400 | $5.4M | $159,413 | $357,111 |
| 2022 | 382 | $4.4M | $138,034 | $361,185 |
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 |
|---|---|---|---|---|
| PURDY POWERS & COMPANY | 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 | $39,071 | — | $900 | — | — |
| 2023 | $32,914 | — | $1,000 | — | — |
| 2022 | $28,428 | — | — | — | — |