How big is First Atlantic Corporation's plan?

First Atlantic Corporation's plan reported $11.8M in assets and 1,026 participants for 2024.

Original filing (PDF)20251014091101NAL0005217426003

First Atlantic Corporation

Name: First Atlantic Corporation — First Atlantic, Form 5500 (2024)
Creator: First Atlantic Corporation
License: https://www.usa.gov/government-works

Form 5500

FILING_RECEIVED

First Atlantic Corporation 401(k) Plan

401(k) retirement plan · First Atlantic Corporation's First Atlantic Corporation 401(k) Plan held $11.8M in plan assets for 1,026 participants in 2024, with Transamerica as recordkeeper.

Signals · 1

~82 bps in Sched C fees

Active participants

1,026

Accounts w/ balance

971

Plan assets (EOY)

$11.8M

Net assets (EOY)

$11.8M

People on this filing

Christine Riendeau signed First Atlantic Corporation's 2024 Form 5500 as plan administrator.

Christine Riendeau — Plan Administrator — Form 5500 signer

Get verified email & phone for these signers

Signer names are public record from the Form 5500 e-signature.

Plan identifiers

First Atlantic Corporation's EIN is 01-0407925.

EIN 01-0407925

Plan number 001

Plan year 2024

ACK ID 20251014091101NAL0005217426003

Official Form 5500 document

Download the official 2024 Form 5500 (PDF) for First Atlantic Corporation from the U.S. Department of Labor's EFAST2 system.

Download the official 2024 Form 5500 (PDF)

Plan features

First Atlantic Corporation's plan includes ERISA 404(c) participant direction, a 401(k) feature, a default investment (QDIA).

Decision-maker contacts

One unlock reveals every key decision-maker — plan signer, CFO, HR & Benefits — with verified email + LinkedIn for FIRST ATLANTIC CORPORATION.

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How this plan invests

This plan

28 securities

funds · stocks · CUSIPs

Holdings are itemized directly on this plan's Schedule of Assets, below.

Plan health score

Average plan with room to improve

Directional indicator from public Form 5500 data — compliance & integrity, total plan cost, participant health and vendor stack, benchmarked against same-size peers. Not a fiduciary tool.

Compliance & integrity

100

Total plan cost

Plan health

Vendor & structure

100

Knocking points off

Total administrative cost in the bottom quartile of peers (14th percentile).
Low account-holder ratio — balance-holders per active participant in the bottom quartile of peers (23rd percentile).
Bottom-decile employer contributions per participant (6th percentile).

Plan sponsor

Name

FIRST ATLANTIC CORPORATION

EIN

all filings

Address

100 WATERMAN DRIVE, SUITE 401 · SOUTH PORTLAND, ME · 04106

Phone

(207) 619-7942

Industry

Health Care & Social Assistance

Plan administrator

Same as plan sponsor.

Plan characteristics

Plan number

001

Plan year

2024

Plan year begin

2024-01-01

Tax period

2024-12-31

Filed

2025-10-14

Pension benefit codes

2F · ERISA section 404(c)

2G · Total participant-directed accounts

2J · 401(k) feature

2K · 401(m) arrangement

2T · Default investment account (QDIA)

3D · Pre-approved plan (master / prototype / VS)

3H · Sponsor in controlled / affiliated group

Audit & trust (Schedule H)

Service providers (Schedule C)

3 rows

Recordkeeper

Name	EIN	Location	Relation	Direct comp	Indirect comp
TRANSAMERICA RETIREMENT SOLUTIONS	13-3689044	—	RECORDKEEPER	$67K	—

Advisor / Consultant

Name	EIN	Location	Relation	Direct comp	Indirect comp
COMMONWEALTH FINANCIAL NETWORK	04-2675571	—	INVESTMENT ADVISORY - P	$25K	—

Investments

28 direct securities· $11.6M(98% of reported assets)

Mutual Funds

$8.2M

19 holdings

Other securities

$1.7M

5 holdings

Common Collective Trusts

$1.4M

3 holdings

Stable Value

$309K

1 holding

					% of plan
American Funds Target Date 2020 Mutual Fund	Mutual Funds	—	—	$1.6M	13.5%
American Funds Target Date 2040 Mutual Fund	Mutual Funds	—	—	$1.5M	12.4%
BlackRock S&P 500 Index Fund Mutual Fund	Common Collective Trusts	—	—	$1.0M	8.6%
JPMorgan Large Cap Growth R6 Mutual Fund	Other securities	—	—	$846K	7.1%
American Funds Target Date 2035 Mutual Fund	Mutual Funds	—	—	$665K	5.6%
American Funds Target Date 2050 Mutual Fund	Mutual Funds	—	—	$655K	5.5%
American Funds Target Date 2030 Mutual Fund	Mutual Funds	—	—	$618K	5.2%
American Funds Target Date 2025 Mutual Fund	Mutual Funds	—	—	$549K	4.6%
PGIM Total Return Bond A Mutual Fund	Other securities	—	—	$489K	4.1%
Putnam Large Cap Value R6 Mutual Fund	Mutual Funds	—	—	$485K	4.1%
American Funds Intl Growth and Inc Fund Mutual Fund	Mutual Funds	—	—	$379K	3.2%
American Funds Target Date 2045 Mutual Fund	Mutual Funds	—	—	$356K	3.0%
American Funds Target Date 2015 Mutual Fund	Mutual Funds	—	—	$347K	2.9%
Transamerica Stable Value Focus Option Stable Value Fund	Stable Value	—	—	$309K	2.6%
Vanguard Mid Cap Index Fund Mutual Fund	Common Collective Trusts	—	—	$272K	2.3%
Virtus KAR Mid-Cap Growth R6 Mutual Fund	Other securities	—	—	$219K	1.8%
PIMCO RAE US Small Instl Mutual Fund	Mutual Funds	—	—	$175K	1.5%
American Funds Century Sm Cap Grth R6 Mutual Fund	Mutual Funds	—	—	$165K	1.4%
MFS Mid Cap Value Fund Mutual Fund	Mutual Funds	—	—	$149K	1.3%
American Funds Target Date 2055 Mutual Fund	Mutual Funds	—	—	$138K	1.2%
BlackRock Small Cap Index Fund Mutual Fund	Common Collective Trusts	—	—	$121K	1.0%
American Funds New World R6 Mutual Fund	Mutual Funds	—	—	$116K	1.0%
Victory Trivalent Int. Small Cap I Fund Mutual Fund	Other securities	—	—	$112K	0.9%
American Funds Target Date 2010 Mutual Fund	Mutual Funds	—	—	$103K	0.9%
American Funds Target Date 2065 Mutual Fund	Mutual Funds	—	—	$90K	0.8%
American Funds Target Date 2070 Mutual Fund 42 American Funds Capital World Bond Mutual Fund	Mutual Funds	—	—	$89K	0.8%
American Funds Target Date 2060 Mutual Fund	Mutual Funds	—	—	$58K	0.5%
BlackRock High Yield Bond Fund Mutual Fund	Other securities	—	—	$44K	0.4%