2023 Form 5500 filing — Kennebec Savings Bank 401(K) Savings Plan And Trust
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20240712142900NAL0020038129001) for Kennebec Savings Bank 401(K) Savings Plan And Trust, reported by Kennebec Savings Bank under EIN 01-0100490 and plan number 002. It reports 237 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240712142900NAL0020038129001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Kennebec Savings Bank
- EIN
- 01-0100490
- Plan number
- 002
- Location
- Augusta, ME
- Participants
- 237
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $43,329,685
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $43,329,685
- Employer contributions
- $1,710,604
- Participant contributions
- $1,332,136
- Total income / additions
- $9,800,635
- Benefits paid
- $3,132,543
- Administrative expenses
- $107,237
- Total expenses
- $3,247,064
- Net increase / (decrease)
- $6,553,571
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Lincoln National Corporation | SERVICE PROVIDER | $79,737 | $0 |
| Fiduciary Advisors LLC | SERVICE PROVIDER | $27,500 | $0 |