Machias Savings Bank 401(K) Plan — Form 5500 plan (Machias 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, Machias Savings Bank 401(K) Plan is a benefit plan reported by Machias Savings Bank under EIN 01-0111800 and plan number 002. The latest loaded filing year is 2023. The filing reports 336 participants and $34,291,293 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Machias Savings Bank
- EIN
- 01-0111800
- Plan number
- 002
- Plan type
- 2
- Location
- Machias, ME
- Latest filing year
- 2023
- Participants
- 336
- End-of-year plan assets
- $34,291,293
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 336 | H, C | 20241003193433NAL0005151731001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $34,291,293
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $34,291,293
- Net assets (BOY)
- $29,828,668
Income & contributions
- Employer contributions
- $1,063,860
- Participant contributions
- $2,064,789
- Total contributions
- $3,631,455
- Total income / additions
- $7,590,249
Expenses & distributions
- Benefits paid
- $3,078,570
- Administrative expenses
- $49,054
- Total expenses
- $3,127,624
- Net increase / (decrease)
- $4,462,625
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Ameriprise Financial | INVESTMENT ADVISORY | $46,554 | not reported in the loaded dataset | 2023 |