Partners Bank 401(K) Savings Plan — Form 5500 plan (Partners 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, Partners Bank 401(K) Savings Plan is a benefit plan reported by Partners Bank under EIN 01-0154810 and plan number 002. The latest loaded filing year is 2023. The filing reports 178 participants and $23,777,898 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Partners Bank
- EIN
- 01-0154810
- Plan number
- 002
- Plan type
- 2
- Location
- Sanford, ME
- Latest filing year
- 2023
- Participants
- 178
- End-of-year plan assets
- $23,777,898
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 178 | H, C | 20241008151703NAL0017864081001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $23,777,898
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $23,777,898
- Net assets (BOY)
- $19,305,758
Income & contributions
- Employer contributions
- $1,131,682
- Participant contributions
- $838,657
- Total contributions
- $2,208,180
- Total income / additions
- $6,249,140
Expenses & distributions
- Benefits paid
- $1,738,723
- Administrative expenses
- $38,277
- Total expenses
- $1,777,000
- Net increase / (decrease)
- $4,472,140
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Pentegra Services, Inc | RECORKEEPER | $38,277 | $0 | 2023 |