2023 Form 5500 filing — Shawmut Group 401(K) 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 20241002150509NAL0004958003001) for Shawmut Group 401(K) Plan, reported by Shawmut Group Inc. under EIN 81-3645861 and plan number 001. It reports 1,395 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241002150509NAL0004958003001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Shawmut Group Inc.
- EIN
- 81-3645861
- Plan number
- 001
- Location
- Boston, MA
- Participants
- 1,395
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $158,789,809
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $158,789,809
- Employer contributions
- $3,029,795
- Participant contributions
- $8,868,207
- Total income / additions
- $38,486,977
- Benefits paid
- $16,060,661
- Administrative expenses
- $281,511
- Total expenses
- $16,385,921
- Net increase / (decrease)
- $22,101,056
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $281,511 | $0 |
| Morgan Stanley Global Banking Opera | INVESTMENT ADVISORY | $0 | $75,000 |
| Crowe Llp | ACCOUNTANT | $0 | $18,900 |