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Overview

Plan Information

  • Plan Year01/01/2012 — 12/31/2012
  • Date of Plan10/01/1996
  • Net Assets as of 12/31/2012 $9,176,206
  • Plan Number2
  • Plan Type Single Employer
  • Is the plan collectively bargained? No
  • Did the plan file for an extension of time or the DFVC Program? No
  • Plan Funding Arrangement Trust
  • Plan Benefit Arrangement Trust

Participant Information as of 12/31/2012

  • Active (Eligible) Participants242
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits29
  • Subtotal271
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total271
  • Total number of participants as of 01/01/2012261
  • Number of participants with account balances256
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested20

Expenses

  • Total Benefit Payments$0
  • Corrective Distributions$0
  • Administrative Service Providers$0
  • Other Expenses$0
  • Total Expenses$0
  • Total Transfers$0

Sponsor Information

  • Address261 Main Street Po Box 347
  • CityNorway
  • StateME
  • Zip04268
  • Telephone(207) 743-7986
  • EIN01-0130870
  • Industry Code522120
  • Named AdministratorRichelle Wallace
  • Named Plan SponsorRichelle Wallace

Audit Information

  • Audit StatusAudited
  • AuditorMacdonald Page & Co., LLC
  • Auditor EIN01-0242373
  • Audit Opinion Disclaimer
  • Audit TypeLimited Scope Audit

Benefits Provided Under the Plan

Code Benefit Description
2E Profit-sharing A defined contribution plan that allows employer discretionary contributions. These plans often contain a 401(k) feature.
2F ERISA section 404(c) Plan This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
2G Total participant-directed account plan Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J Code section 401(k) feature A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
2K Code section 401(m) arrangement Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contributions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
2S Automatic Enrollment Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
2T Participant-directed Account Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
3D Master plan A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

Questions and Answers

Question Answer Amount
During the plan year did the employer fail to transmit to the plan any participant contributions within the time period described in 29 CFT 2510.3-102? No
Were any loans by the plan or fixed income obligations due the plan in default as of the close of plan year or classified during the year as uncollectible? Disregard participant loans secured by participant's account balance. No
Were any leases to which the plan was a party in default or classified during the year as uncollectible? No
Were there any nonexempt transactions with any party-in-interest? No
Was this plan covered by a fidelity bond? Yes $500,000
Did the plan have a loss, whether or not reimbursed by the plan's fidelity bond, that was caused by fraud or dishonesty? No
Did the plan hold any assets whose current value was neither readily determinable on an established market nor set by an independent third party appraiser? No
Did the plan receive any noncash contributions whose value was neither readily determinable on an established market nor set by an independent third party appraiser? No
Did the plan have assets held for investment? Yes
Were any plan transactions or series of transactions in excess of 5% of the current value of plan assets? No
Were all the plan assets either distributed to participants or beneficiaries, transferred to another plan, or brought under the control of the PBGC? No
Has the plan failed to provide any benefit when due under the plan? No
If this is an individual account plan, was there a blackout period? No
If there was a blackout period, have you either provided the required notice or one of the exceptions to providing the notice applied under 29 CFR 2520.101-3? No

Financials

Income and Expense Statement

Income $2,210,259
Contributions $1,297,383
Cash Contributions $1,297,383
Cash from Employers $137,331
Cash from Participants $780,120
Others (including rollovers) $379,932
Noncash Contributions $0
Total Earnings on Investments $912,766
Total Interest $9,512
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $9,512
Interest from Other Investments $0
Total Dividends $272,366
Preferred Stock $0
Common Stock $0
Rents $0
Net gain (loss) on sale of assets $0
Aggregate Proceeds $0
Aggregate Carrying Amount $0
Total Unrealized Appreciation (depreciation) of assets $0
Real Estate $0
Other $0
Net investment gain (loss) from common/collective trusts $0
Net investment gain (loss) from pooled separate accounts $0
Net investment gain (loss) from master trust investment accounts $0
Net investment gain (loss) from 103-12 investment entities $0
Net investment gain (loss) from registered investment companies $630,888
Other Income $110
Expenses $549,132
Total Benefit Payments $544,425
Directly to participants or beneficiaries, including direct rollovers $544,425
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $300
Certain deemed distributions of participant loans $132
Interest expense $0
Total Administrative Expenses $4,275
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $4,275
Net Income $1,661,127
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2012 12/31/2011 Change YOY
Total Assets $9,176,206 $7,515,079 22.10%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $0 $0 0.0%
Employer Contributions $0 $0 0.0%
Participant Contributions $0 $0 0.0%
Other Contributions $0 $0 0.0%
General Investments $0 $0 0.0%
Interest-bearing cash $0 $0 0.0%
U.S. Government Securities $0 $0 0.0%
Corporate Debt Instruments $0 $0 0.0%
Preferred $0 $0 0.0%
All Other $0 $0 0.0%
Corporate Stocks $0 $0 0.0%
Preferred $0 $0 0.0%
Common $0 $0 0.0%
Partnership/joint venture interests $0 $0 0.0%
Real estate (other than employer real property) $0 $0 0.0%
Loans (other than to participants) $0 $0 0.0%
Participants Loans $318,989 $216,077 47.63%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $0 $0 0.0%
Value of interest in master trust investment accounts $0 $0 0.0%
Value of interest in 103-12 investment entities $0 $0 0.0%
Value of interest in registered investment companies $8,857,217 $7,299,002 21.35%
Value of funds held in insurance co. general account $0 $0 0.0%
Other Investments $0 $0 0.0%
Employer-related Investments $0 $0 0.0%
Employer Securities $0 $0 0.0%
Employer Real Property $0 $0 0.0%
Buildings and other property used in plan operation $0 $0 0.0%
Total Liabilities $0 $0 0.0%
Benefit Claims Payable (1) $0 $0 0.0%
Operating Payables (1) $0 $0 0.0%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $0 $0 0.0%
Net Assets $9,176,206 $7,515,079 22.10%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Allianz Global Investors Distributo
  • American Century Investment Service
  • Blackrock Investments, Inc.
  • Davis Distributors, LLC
  • Eaton Vance Distributors, Inc.
  • Goldman Sachs
  • Hartford Investment Financial Servi
  • Ing Funds Services, LLC
  • J.P. Morgan Investment Management I
  • Managers Distributors, Inc.
  • Mbsc Securities Corporation, Distri
  • Natixis Distributors, L.P.
  • Nylife Distributors, LLC
  • Oppenheimer Funds Inc.
  • Prudential Investments LLC
  • Thornburg Securities Corporation
  • Transamerica Capital, Inc.

Other Service Providers Receiving Direct or Indirect Compensation

Name Nature of Service Relationship to Plan Sponsor Direct Compensation Paid by Plan Indirect Compensation Paid by Plan Total Compensation
Merrill Lynch Pierce Fenner & Smith Investment management fees paid indirectly by plan, Shareholder servicing fees, Sub-transfer agency fees, Distribution (12b-1) fees Investment Advisor $0 $50,880 $50,880
ADP Participant loan processing, Direct payment from the plan, Recordkeeping and information management (computing, tabulating, data processing, etc.), Recordkeeping fees Record Keeper $4,275 $0 $4,275
Adp Broker-Dealer Other services, Other fees Record Keeper $0 $0 $0
Total $4,275 $50,880 $55,155

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
Merrill Lynch Pierce Fenner & Smith Unavailable Investment management fees paid indirectly by plan, Shareholder servicing fees, Sub-transfer agency fees, Distribution (12b-1) fees Investment Management Fees Paid Indirectly By Plan Shareholder Servicing Fees Sub-Transfer Agency Fees Distribution (12B-1) Fees $50,880
Adp Broker-Dealer Allianz Global Investors Distributo Other fees Annual Rate 0.00260 of Average Daily Assets-A Shrs Annual Rate 0.00325 of Average Daily Assets-C Shrs Annual Rate 0.00150 of Average Daily Assets-I Shrs Annual Rate 0.00275 of Average Daily Assets-R Shrs $0
Adp Broker-Dealer American Century Investment Service Other fees Annual Rate 0.00260 of Average Daily Assets-A Shrs Annual Rate 0.00325 of Average Daily Assets-C Shrs Annual Rate 0.00150 of Average Daily Assets-I Shrs Annual Rate 0.00275 of Average Daily Assets-R Shrs $0
Adp Broker-Dealer Blackrock Investments, Inc. Other fees Annual Rate 0.00260 of Average Daily Assets-A Shrs Annual Rate 0.00325 of Average Daily Assets-C Shrs Annual Rate 0.00150 of Average Daily Assets-I Shrs Annual Rate 0.00275 of Average Daily Assets-R Shrs $0
Adp Broker-Dealer Davis Distributors, LLC Other fees Annual Rate 0.00260 of Average Daily Assets-A Shrs Annual Rate 0.00325 of Average Daily Assets-C Shrs Annual Rate 0.00150 of Average Daily Assets-I Shrs Annual Rate 0.00275 of Average Daily Assets-R Shrs $0
Adp Broker-Dealer Eaton Vance Distributors, Inc. Other fees Annual Rate 0.00260 of Average Daily Assets-A Shrs Annual Rate 0.00325 of Average Daily Assets-C Shrs Annual Rate 0.00150 of Average Daily Assets-I Shrs Annual Rate 0.00275 of Average Daily Assets-R Shrs $0
Adp Broker-Dealer Goldman Sachs Other fees Annual Rate 0.00260 of Average Daily Assets-A Shrs Annual Rate 0.00325 of Average Daily Assets-C Shrs Annual Rate 0.00150 of Average Daily Assets-I Shrs Annual Rate 0.00275 of Average Daily Assets-R Shrs $0
Adp Broker-Dealer Hartford Investment Financial Servi Other fees Annual Rate 0.00260 of Average Daily Assets-A Shrs Annual Rate 0.00325 of Average Daily Assets-C Shrs Annual Rate 0.00150 of Average Daily Assets-I Shrs Annual Rate 0.00275 of Average Daily Assets-R Shrs $0
Adp Broker-Dealer Ing Funds Services, LLC Other fees Annual Rate 0.00260 of Average Daily Assets-A Shrs Annual Rate 0.00325 of Average Daily Assets-C Shrs Annual Rate 0.00150 of Average Daily Assets-I Shrs Annual Rate 0.00275 of Average Daily Assets-R Shrs $0
Adp Broker-Dealer J.P. Morgan Investment Management I Other fees Annual Rate 0.00260 of Average Daily Assets-A Shrs Annual Rate 0.00325 of Average Daily Assets-C Shrs Annual Rate 0.00150 of Average Daily Assets-I Shrs Annual Rate 0.00275 of Average Daily Assets-R Shrs $0
Adp Broker-Dealer Managers Distributors, Inc. Other fees Annual Rate 0.00260 of Average Daily Assets-A Shrs Annual Rate 0.00325 of Average Daily Assets-C Shrs Annual Rate 0.00150 of Average Daily Assets-I Shrs Annual Rate 0.00275 of Average Daily Assets-R Shrs $0
Adp Broker-Dealer Mbsc Securities Corporation, Distri Other fees Annual Rate 0.00260 of Average Daily Assets-A Shrs Annual Rate 0.00325 of Average Daily Assets-C Shrs Annual Rate 0.00150 of Average Daily Assets-I Shrs Annual Rate 0.00275 of Average Daily Assets-R Shrs $0
Adp Broker-Dealer Natixis Distributors, L.P. Other fees Annual Rate 0.00260 of Average Daily Assets-A Shrs Annual Rate 0.00325 of Average Daily Assets-C Shrs Annual Rate 0.00150 of Average Daily Assets-I Shrs Annual Rate 0.00275 of Average Daily Assets-R Shrs $0
Adp Broker-Dealer Nylife Distributors, LLC Other fees Annual Rate 0.00260 of Average Daily Assets-A Shrs Annual Rate 0.00325 of Average Daily Assets-C Shrs Annual Rate 0.00150 of Average Daily Assets-I Shrs Annual Rate 0.00275 of Average Daily Assets-R Shrs $0
Adp Broker-Dealer Oppenheimer Funds Inc. Other fees Annual Rate 0.00260 of Average Daily Assets-A Shrs Annual Rate 0.00325 of Average Daily Assets-C Shrs Annual Rate 0.00150 of Average Daily Assets-I Shrs Annual Rate 0.00275 of Average Daily Assets-R Shrs $0
Adp Broker-Dealer Prudential Investments LLC Other fees Annual Rate 0.00260 of Average Daily Assets-A Shrs Annual Rate 0.00325 of Average Daily Assets-C Shrs Annual Rate 0.00150 of Average Daily Assets-I Shrs Annual Rate 0.00275 of Average Daily Assets-R Shrs $0
Adp Broker-Dealer Thornburg Securities Corporation Other fees Annual Rate 0.00260 of Average Daily Assets-A Shrs Annual Rate 0.00325 of Average Daily Assets-C Shrs Annual Rate 0.00150 of Average Daily Assets-I Shrs Annual Rate 0.00275 of Average Daily Assets-R Shrs $0
Adp Broker-Dealer Transamerica Capital, Inc. Other fees Annual Rate 0.00260 of Average Daily Assets-A Shrs Annual Rate 0.00325 of Average Daily Assets-C Shrs Annual Rate 0.00150 of Average Daily Assets-I Shrs Annual Rate 0.00275 of Average Daily Assets-R Shrs $0
*As outlined by the Form 5500 Instructions for service providers with indirect compensation.

Service Providers Who Fail or Refuse to Provide Information

There are no service providers who failed or refused to provide information.

Termination Information on Accountants and Enrolled Actuaries

There is no termination information for this plan.

Investments

Investments

No investments information available for this plan.

Insurance Information

Insurance Information

There are no insurance carriers listed for this plan.