First Atlantic Corporation 401(K) Plan — Form 5500 plan (First Atlantic Corporation)
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, First Atlantic Corporation 401(K) Plan is a benefit plan reported by First Atlantic Corporation under EIN 01-0407925 and plan number 001. The latest loaded filing year is 2023. The filing reports 1,110 participants and $9,907,533 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- First Atlantic Corporation
- EIN
- 01-0407925
- Plan number
- 001
- Plan type
- 2
- Location
- South Portland, ME
- Latest filing year
- 2023
- Participants
- 1,110
- End-of-year plan assets
- $9,907,533
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 1,110 | H, C | 20241007083733NAL0025773520002 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $9,907,533
- Net assets (EOY)
- $9,907,533
- Net assets (BOY)
- $8,359,670
Income & contributions
- Employer contributions
- $126,950
- Participant contributions
- $764,580
- Total contributions
- $906,934
- Total income / additions
- $2,269,463
Expenses & distributions
- Benefits paid
- $672,420
- Administrative expenses
- $49,180
- Total expenses
- $721,600
- Net increase / (decrease)
- $1,547,863
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Transamerica Retirement Solutions | RECORDKEEPER | $45,705 | $0 | 2023 |
| Commonwealth Financial Network | INVESTMENT ADVISORY - P | $21,342 | $0 | 2023 |
| Downeast Pension Services, Inc. | RECORDKEEPER | $3,460 | $0 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for First Atlantic Corporation
- 2023 Form 5500 filing
- Form 5500 filings in ME
- 401(k) and benefit plan filings in South Portland, ME
- Transamerica Retirement Solutions — Schedule C compensation
- Commonwealth Financial Network — Schedule C compensation
- Downeast Pension Services, Inc. — Schedule C compensation