Maine Drilling & Blasting, Inc. 401(k) Plan: Login, Facts & Contact Information

Maine Drilling & Blasting, Inc. 401(k) Plan Facts

Plan name
MAINE DRILLING & BLASTING, INC. 401(K) PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
MAINE DRILLING & BLASTING, INC.
Participants
703 (556 active employees)
Former employees with a balance
2
Plan assets
$35,639,248 at Dec 31, 2024
Average account balance
$56,391 across 632 accounts
Employer contributions
$571,720 in plan year 2024 (13% of all contributions)
Recordkeeper
Principal Life Insurance Company
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Feb 1, 1975
✓ Employer contributions✓ Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments— Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2024 (Jan 1, 2024 – Dec 31, 2024), filed Oct 7, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $4.30 million went into the plan in contributions, $571,720 of it from the employer (13%).
  • $2.81 million was paid out to participants.
  • Investment and other income added $3.62 million.
  • Administrative expenses were $215,540, about $341 per account.

How the Maine Drilling & Blasting, Inc. 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019453$25.2 million$285,862$1.93 million
2020447$28.3 million$303,949$2.18 million
2021480$31.5 million$346,896$2.37 million
2022568$28.8 million$421,158$2.06 million
2023632$30.9 million$502,901$6.47 million
2024703$35.6 million$571,720$2.81 million

Maine Drilling & Blasting, Inc. 401(k) Contact Information

Phone
603-232-8547
Mailing address
PO BOX 1140, 542 BRUNSWICK AVENUE 542 BRUNSWICK AVENUE, GARDINER ME 04345
Plan sponsor
MAINE DRILLING & BLASTING, INC.
Employer identification number (EIN)
01-0275868
Plan number
002

Questions about the Maine Drilling & Blasting, Inc. 401(k)

Does Maine Drilling & Blasting, Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $571,720, 13% of all contributions.

Does the Maine Drilling & Blasting, Inc 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Maine Drilling & Blasting, Inc 401(k) plan?

703 participants at the start of plan year 2024, 556 of them active employees, and 2 former employees who still had money in the plan.

What is the average 401(k) balance at Maine Drilling & Blasting, Inc?

About $56,391 per account: $35.6 million in plan assets across 632 accounts with a balance at the end of plan year 2024.

Who manages the Maine Drilling & Blasting, Inc 401(k) accounts?

Principal (listed on the filing as PRINCIPAL LIFE INSURANCE COMPANY) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Maine Drilling & Blasting, Inc. How do I access my 401(k)?

Your account stays with Principal after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.

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