Kennebec Savings Bank 401(K) Savings Plan And Trust — Form 5500 plan (Kennebec Savings Bank)
Plain-English plan 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, Kennebec Savings Bank 401(K) Savings Plan And Trust is a benefit plan reported by Kennebec Savings Bank under EIN 01-0100490 and plan number 002. The latest loaded filing year is 2023. The filing reports 237 participants and $43,329,685 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Kennebec Savings Bank
- EIN
- 01-0100490
- Plan number
- 002
- Plan type
- 2
- Location
- Augusta, ME
- Latest filing year
- 2023
- Participants
- 237
- End-of-year plan assets
- $43,329,685
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 237 | H, C | 20240712142900NAL0020038129001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $43,329,685
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $43,329,685
- Net assets (BOY)
- $36,776,114
Income & contributions
- Employer contributions
- $1,710,604
- Participant contributions
- $1,332,136
- Total contributions
- $3,670,360
- Total income / additions
- $9,800,635
Expenses & distributions
- Benefits paid
- $3,132,543
- Administrative expenses
- $107,237
- Total expenses
- $3,247,064
- Net increase / (decrease)
- $6,553,571
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Lincoln National Corporation | SERVICE PROVIDER | $79,737 | $0 | 2023 |
| Fiduciary Advisors LLC | SERVICE PROVIDER | $27,500 | $0 | 2023 |