2023 Form 5500 filing — Maine Drilling & Blasting, Inc. 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 20240923085913NAL0011235009001) for Maine Drilling & Blasting, Inc. 401(K) Plan, reported by Maine Drilling & Blasting, Inc. under EIN 01-0275868 and plan number 002. It reports 632 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240923085913NAL0011235009001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Maine Drilling & Blasting, Inc.
- EIN
- 01-0275868
- Plan number
- 002
- Location
- Gardiner, ME
- Participants
- 632
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $30,903,578
- Net assets (EOY)
- $30,903,578
- Employer contributions
- $502,901
- Participant contributions
- $3,248,427
- Total income / additions
- $8,809,088
- Benefits paid
- $6,470,339
- Administrative expenses
- $188,456
- Total expenses
- $6,722,041
- Net increase / (decrease)
- $2,087,047
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $188,250 | $0 |
| Raymond James & Associates Inc | INVESTMENT ADVISORY | $0 | $67,945 |
| Maine Drilling & Blasting, Inc. | RECORDKEEPER/BOOK KEEPER | $0 | $23,700 |
| Nbt Bank, N.A. | OTHER SERVICES | $0 | $12,972 |