2023 Form 5500 filing — First Atlantic Corporation 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 20241007083733NAL0025773520002) for First Atlantic Corporation 401(K) Plan, reported by First Atlantic Corporation under EIN 01-0407925 and plan number 001. It reports 1,110 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241007083733NAL0025773520002
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- First Atlantic Corporation
- EIN
- 01-0407925
- Plan number
- 001
- Location
- South Portland, ME
- Participants
- 1,110
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $9,907,533
- Net assets (EOY)
- $9,907,533
- Employer contributions
- $126,950
- Participant contributions
- $764,580
- Total income / additions
- $2,269,463
- Benefits paid
- $672,420
- Administrative expenses
- $49,180
- Total expenses
- $721,600
- Net increase / (decrease)
- $1,547,863
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Transamerica Retirement Solutions | RECORDKEEPER | $45,705 | $0 |
| Commonwealth Financial Network | INVESTMENT ADVISORY - P | $21,342 | $0 |
| Downeast Pension Services, Inc. | RECORDKEEPER | $3,460 | $0 |