2023 Form 5500 filing — Varney Agency Retirement Savings 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 20240801143245NAL0015250243001) for Varney Agency Retirement Savings Plan, reported by Varney Agency, Inc. under EIN 01-0379093 and plan number 001. It reports 183 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240801143245NAL0015250243001
- Filing year
- 2023
- Form type
- 3
- Plan sponsor
- Varney Agency, Inc.
- EIN
- 01-0379093
- Plan number
- 001
- Location
- Bangor, ME
- Participants
- 183
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $9,898,975
- Total liabilities (EOY)
- $560
- Net assets (EOY)
- $9,898,415
- Employer contributions
- $277,807
- Participant contributions
- $654,149
- Total income / additions
- $2,507,261
- Benefits paid
- $951,869
- Administrative expenses
- $53,347
- Total expenses
- $1,005,216
- Net increase / (decrease)
- $1,502,045
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Newport Group, Inc. | RECORDKEEPER | $23,035 | $0 |
| Newport Trust Company | TRUSTEE | $21,508 | $0 |
| Sagepoint Financial | ADVISOR | $8,804 | not reported in the loaded dataset |