Plain-English plan 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, Bangor Savings Bank 401(K) Plan & Trust Agreement is a benefit plan reported by Bangor Savings Bank under EIN 01-0024610 and plan number 003. The latest loaded filing year is 2023. The filing reports 1,491 participants and $151,212,123 in end-of-year plan assets, where available in the loaded dataset.
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $151,212,123
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $151,212,123
- Net assets (BOY)
- $125,843,771
Income & contributions
- Employer contributions
- $5,254,897
- Participant contributions
- $7,142,143
- Total contributions
- $13,654,235
- Total income / additions
- $36,926,233
Expenses & distributions
- Benefits paid
- $11,557,881
- Administrative expenses
- $0
- Total expenses
- $11,557,881
- Net increase / (decrease)
- $25,368,352