Saco & Biddeford Savings Institution 401(K) Savings Plan — Form 5500 plan (Saco & Biddeford Savings Institution)
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, Saco & Biddeford Savings Institution 401(K) Savings Plan is a benefit plan reported by Saco & Biddeford Savings Institution under EIN 01-0153690 and plan number 002. The latest loaded filing year is 2023. The filing reports 253 participants and $25,364,689 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Saco & Biddeford Savings Institution
- EIN
- 01-0153690
- Plan number
- 002
- Plan type
- 2
- Location
- Saco, ME
- Latest filing year
- 2023
- Participants
- 253
- End-of-year plan assets
- $25,364,689
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 253 | H, C | 20240816092643NAL0030602050001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $25,364,689
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $25,364,689
- Net assets (BOY)
- $21,339,091
Income & contributions
- Employer contributions
- $725,073
- Participant contributions
- $1,662,680
- Total contributions
- $2,644,408
- Total income / additions
- $6,104,089
Expenses & distributions
- Benefits paid
- $2,021,587
- Administrative expenses
- $56,904
- Total expenses
- $2,078,491
- Net increase / (decrease)
- $4,025,598
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Fidelity Investments Institutional | RECORDKEEPER | $35,144 | $0 | 2023 |
| Cetera Investment Advisors LLC | ADVISOR | $21,760 | not reported in the loaded dataset | 2023 |