Kennebunk Savings Bank 401(K) Plan — Form 5500 plan (Kennebunk Savings Bank)
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, Kennebunk Savings Bank 401(K) Plan is a benefit plan reported by Kennebunk Savings Bank under EIN 01-0100600 and plan number 002. The latest loaded filing year is 2023. The filing reports 461 participants and $31,167,003 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Kennebunk Savings Bank
- EIN
- 01-0100600
- Plan number
- 002
- Plan type
- 2
- Location
- Kennebunk, ME
- Latest filing year
- 2023
- Participants
- 461
- End-of-year plan assets
- $31,167,003
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 461 | H, C | 20241011100847NAL0021647265001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $31,167,003
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $31,167,003
- Net assets (BOY)
- $26,878,452
Income & contributions
- Employer contributions
- $744,399
- Participant contributions
- $1,900,813
- Total contributions
- $2,846,819
- Total income / additions
- $7,196,215
Expenses & distributions
- Benefits paid
- $2,899,193
- Administrative expenses
- $8,471
- Total expenses
- $2,907,664
- Net increase / (decrease)
- $4,288,551
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Valmark Advisers Inc | ADVISOR | $24,309 | not reported in the loaded dataset | 2023 |
| Strategic Advisors, Inc. | ADVISOR | $13,785 | not reported in the loaded dataset | 2023 |
| Fidelity Investments Institutional | RECORDKEEPER | -$29,624 | $0 | 2023 |