2023 Form 5500 filing — Piper Shores 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 20241010144523NAL0021276113003) for Piper Shores 401(K) Plan, reported by Maine Life Care Retirement Community, Inc. Dba Piper Shores under EIN 01-0496258 and plan number 001. It reports 237 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241010144523NAL0021276113003
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Maine Life Care Retirement Community, Inc. Dba Piper Shores
- EIN
- 01-0496258
- Plan number
- 001
- Location
- Scarborough, ME
- Participants
- 237
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $7,392,975
- Net assets (EOY)
- $7,392,975
- Employer contributions
- $186,980
- Participant contributions
- $501,965
- Total income / additions
- $1,987,405
- Benefits paid
- $2,009,179
- Administrative expenses
- $46,559
- Total expenses
- $2,055,738
- Net increase / (decrease)
- -$68,333
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Empower Annuity Insurance Company O | RECORDKEEPER | $23,126 | $0 |
| Valmark Advisers, Inc. | INVESTMENT ADVISOR | $22,661 | $0 |
| Downeast Pension Services, Inc. | CONTRACT ADMIN | $2,100 | $7,552 |