2023 Form 5500 filing — Norway Savings Bank 401(K) 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 20240731101931NAL0022072049001) for Norway Savings Bank 401(K) Plan, reported by Norway Savings Bank under EIN 01-0130870 and plan number 002. It reports 372 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).

Form 5500 2 · 2023

Filing snapshot

Net assets (EOY)$49.3MReported net assets$49,279,599
Participants372
Provider compensation$79.8K3 Schedule C row(s)$79,818
Schedules filedSchedule H, Schedule CLoaded schedules
EFAST2 acknowledgement
20240731101931NAL0022072049001
Plan sponsor
Norway Savings Bank
EIN
01-0130870
Plan number
002
Location
Norway, ME
Received date
not reported in the loaded dataset
How to read this filing
  • This is a single annual Form 5500 filing, identified by its EFAST2 acknowledgement id.
  • Schedule chips (Sch H / I / C) show which schedules this filing includes.
  • Net assets = total assets minus total liabilities (Schedule H/I).
  • Fields a filing did not report are labeled not reported in the loaded dataset — never estimated.
  • For the plan's full history, open the plan profile.
Schedule H · 2023

Reported financial snapshot

Reported figures as filed, in whole dollars. Only fields the filing reports are shown.

Reported balance (end of year)$49.3M total assets
Net assets$49.3MLiabilities$0
Money in vs. money out
Total income / additions$11.2M
Total expenses$4.7M
Benefits paid / distributions$4.5M
Contributions
Employer$1.9M
Participant$1.8M
Full reported line items
Total assets (EOY)
$49,279,599
Total liabilities (EOY)
$0
Net assets (EOY)
$49,279,599
Employer contributions
$1,925,663
Participant contributions
$1,810,126
Total income / additions
$11,229,134
Benefits paid
$4,543,144
Administrative expenses
$70,670
Total expenses
$4,680,640
Net increase / (decrease)
$6,548,494
Schedule C

Reported service provider compensation

Compensation reported on the 2023 filing, ranked by reported total.

  1. 1
    INVESTMENT ADVISOR · Direct $31K · Indirect $9.1K
  2. 2
    Adp, Inc.$39.6K
    RECORD KEEPER · Direct $39.6K · Indirect $0
  3. 3
    RECORD KEEPER · Direct $0 · Indirect $0

What to inspect next

Frequently asked questions

What does EFAST2 acknowledgement 20240731101931NAL0022072049001 cover?
It is the 2023 Form 5500 filing for Norway Savings Bank 401(K) Plan, reported by Norway Savings Bank (EIN 01-0130870).
Which Form 5500 schedules are attached to this 2023 filing?
Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).

Related Form 5500 pages