Plan5500

Hermon, ME Form 5500 retirement and benefit plan filings

City Form 5500 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, Hermon, ME has 4 loaded benefit plan(s) reported by 4 plan sponsor(s), with $10,490,421 in total reported end-of-year plan assets across loaded filings. The latest loaded Form 5500 filing year is 2023.

Loaded plans
4
Plan sponsors
4
Latest filing year
2023

What stands out in Hermon

  • 4 loaded plans hold $10.5M in reported assets across 4 sponsors.
  • The largest, Maine Commercial Tire, Inc. Employee Stock Ownership Plan, holds 67% of reported Hermon plan assets.
  • Plans cover 345 participants — about 86 per plan.
  • 100% of loaded plans report full Schedule H/I financial statements.
  • 25% report Schedule C provider compensation.
Aggregate financials · 2023

Reported financial aggregate

Total reported net assets$10.4MSummed across loaded plans$10,398,070
Total reported assets$10.5M$10,490,421
Total reported participants345
Total reported liabilities$92.4K$92,351

Reported net position

Reported assets = net assets + liabilities (summed)$10.5M total assets
Net assets$10.4MLiabilities$92.4K
Contributions & income
Employer contributions$145.4K
Participant contributions$269.1K
Total income / additions$6.1M
Expenses & distributions
Benefits paid / distributions$406.9K
Total expenses$438K
Net increase / (decrease)$5.7M

Data coverage

Plans with financial statements4 / 4 (100%)
Plans with provider compensation1 / 4 (25%)

Totals sum the latest loaded 2023 public Form 5500 filing per plan for Hermon, ME plans — one filing per plan, so multiple years are never double-counted. Figures are reported values from loaded Schedule H / I (and Schedule C for provider compensation); fields a plan did not report are treated as missing, not zero. These are not audited or official totals.

Computed from loaded plans

Hermon market comparison

Largest plan share of assets67%Maine Commercial Tire, Inc. Employee Stock Ownership Plan
Participants per plan86Average across loaded plans
Plan sponsors4
Ranked by reported assets

Largest loaded plans in Hermon

Bars show each plan's reported end-of-year assets relative to the largest.

  1. 1
    Maine Commercial Tire, Inc. Employee Stock Ownership Plan$7M
    Maine Commercial Tire, Inc. · 2023
  2. 2
    Penobscot Island Air Employee Stock Ownership 401(K) Plan$3.1M
    Waters Aero-Marine, Inc. Dba Penobscot Island Air · 2023
  3. 3
    Gcsb, Inc. 401(K) Plan$393.7K
    Gcsb, Inc. · 2023
  4. 4
    Pottle'S Transportation, LLC Retirement Plan$0
    Pottle'S Transportation, LLC · 2023

Largest plans in Hermon → · Hermon plans by participants → · Hermon plans with financial data → · Hermon plans with provider compensation → · $1B+ plans in Hermon →

What to inspect next

Frequently asked questions

How many Form 5500 benefit plans are loaded for Hermon, ME?
4 plan(s) reported by 4 sponsor(s) are loaded for Hermon, ME.

Related Form 5500 pages