2023 Form 5500 filing — Baker Newman & Noyes, LLC 401(K) Profit Sharing Plan
Plain-English filing 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, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20240722160426NAL0018040208001) for Baker Newman & Noyes, LLC 401(K) Profit Sharing Plan, reported by Baker Newman & Noyes, LLC under EIN 01-0494526 and plan number 001. It reports 448 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240722160426NAL0018040208001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Baker Newman & Noyes, LLC
- EIN
- 01-0494526
- Plan number
- 001
- Location
- Portland, ME
- Participants
- 448
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $100,295,721
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $100,295,721
- Employer contributions
- $2,595,796
- Participant contributions
- $3,291,038
- Total income / additions
- $20,798,111
- Benefits paid
- $7,020,426
- Administrative expenses
- $64,498
- Total expenses
- $7,084,924
- Net increase / (decrease)
- $13,713,187
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Steward Partners Investment Advisor | INVESTMENT ADVISOR | $60,000 | not reported in the loaded dataset |
| Capital Group Retirement Plan Svcs. | RECORDKEEPER | $4,498 | $0 |
| Charles Schwab & Co., Inc. | BROKERAGE SERVICES | $312 | $0 |
| Td Ameritrade | BROKERAGE SERVICES | $75 | $0 |