Skowhegan Savings Bank 401(K) Retirement Plan — Form 5500 plan (Skowhegan 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, Skowhegan Savings Bank 401(K) Retirement Plan is a benefit plan reported by Skowhegan Savings Bank under EIN 01-0160050 and plan number 002. The latest loaded filing year is 2023. The filing reports 175 participants and $13,290,904 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Skowhegan Savings Bank
- EIN
- 01-0160050
- Plan number
- 002
- Plan type
- 2
- Location
- Skowhegan, ME
- Latest filing year
- 2023
- Participants
- 175
- End-of-year plan assets
- $13,290,904
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 175 | H, C | 20240730102326NAL0020546609001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $13,290,904
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $13,290,904
- Net assets (BOY)
- $11,889,278
Income & contributions
- Employer contributions
- $628,724
- Participant contributions
- $599,904
- Total contributions
- $1,484,964
- Total income / additions
- $3,101,425
Expenses & distributions
- Benefits paid
- $1,622,329
- Administrative expenses
- $43,214
- Total expenses
- $1,699,799
- Net increase / (decrease)
- $1,401,626
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Valmark | INVESTMENT ADVISOR | $26,174 | not reported in the loaded dataset | 2023 |
| Empower Annuity Ins. Co. Of America | RECORDKEEPER | $18,316 | $0 | 2023 |
| The Angell Pension Group | CONTRACT ADMIN | $5,200 | not reported in the loaded dataset | 2023 |