Piper Shores 401(K) Plan — Form 5500 plan (Maine Life Care Retirement Community, Inc. Dba Piper Shores)
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, Piper Shores 401(K) Plan is a benefit plan reported by Maine Life Care Retirement Community, Inc. Dba Piper Shores under EIN 01-0496258 and plan number 001. The latest loaded filing year is 2023. The filing reports 237 participants and $7,392,975 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Maine Life Care Retirement Community, Inc. Dba Piper Shores
- EIN
- 01-0496258
- Plan number
- 001
- Plan type
- 2
- Location
- Scarborough, ME
- Latest filing year
- 2023
- Participants
- 237
- End-of-year plan assets
- $7,392,975
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 237 | H, C | 20241010144523NAL0021276113003 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $7,392,975
- Net assets (EOY)
- $7,392,975
- Net assets (BOY)
- $7,461,308
Income & contributions
- Employer contributions
- $186,980
- Participant contributions
- $501,965
- Total contributions
- $695,704
- Total income / additions
- $1,987,405
Expenses & distributions
- Benefits paid
- $2,009,179
- Administrative expenses
- $46,559
- Total expenses
- $2,055,738
- Net increase / (decrease)
- -$68,333
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Empower Annuity Insurance Company O | RECORDKEEPER | $23,126 | $0 | 2023 |
| Valmark Advisers, Inc. | INVESTMENT ADVISOR | $22,661 | $0 | 2023 |
| Downeast Pension Services, Inc. | CONTRACT ADMIN | $2,100 | $7,552 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Maine Life Care Retirement Community, Inc. Dba Piper Shores
- 2023 Form 5500 filing
- Form 5500 filings in ME
- 401(k) and benefit plan filings in Scarborough, ME
- Empower Annuity Insurance Company O — Schedule C compensation
- Valmark Advisers, Inc. — Schedule C compensation
- Downeast Pension Services, Inc. — Schedule C compensation