2023 Form 5500 filing — Saco & Biddeford Savings Institution 401(K) Savings Plan
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 20240816092643NAL0030602050001) for Saco & Biddeford Savings Institution 401(K) Savings Plan, reported by Saco & Biddeford Savings Institution under EIN 01-0153690 and plan number 002. It reports 253 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240816092643NAL0030602050001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Saco & Biddeford Savings Institution
- EIN
- 01-0153690
- Plan number
- 002
- Location
- Saco, ME
- Participants
- 253
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $25,364,689
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $25,364,689
- Employer contributions
- $725,073
- Participant contributions
- $1,662,680
- Total income / additions
- $6,104,089
- Benefits paid
- $2,021,587
- Administrative expenses
- $56,904
- Total expenses
- $2,078,491
- Net increase / (decrease)
- $4,025,598
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Fidelity Investments Institutional | RECORDKEEPER | $35,144 | $0 |
| Cetera Investment Advisors LLC | ADVISOR | $21,760 | not reported in the loaded dataset |