2023 Form 5500 filing — Bangor Savings Bank 401(K) Plan & Trust Agreement
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 20240725135055NAL0024244976001) for Bangor Savings Bank 401(K) Plan & Trust Agreement, reported by Bangor Savings Bank under EIN 01-0024610 and plan number 003. It reports 1,491 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240725135055NAL0024244976001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Bangor Savings Bank
- EIN
- 01-0024610
- Plan number
- 003
- Location
- Bangor, ME
- Participants
- 1,491
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $151,212,123
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $151,212,123
- Employer contributions
- $5,254,897
- Participant contributions
- $7,142,143
- Total income / additions
- $36,926,233
- Benefits paid
- $11,557,881
- Administrative expenses
- $0
- Total expenses
- $11,557,881
- Net increase / (decrease)
- $25,368,352
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Fidelity Investments Institutional | RECORDKEEPER | -$89,150 | $0 |