Maine Drilling & Blasting, Inc. 401(K) Plan — Form 5500 plan (Maine Drilling & Blasting, Inc.)
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, Maine Drilling & Blasting, Inc. 401(K) Plan is a benefit plan reported by Maine Drilling & Blasting, Inc. under EIN 01-0275868 and plan number 002. The latest loaded filing year is 2023. The filing reports 632 participants and $30,903,578 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Maine Drilling & Blasting, Inc.
- EIN
- 01-0275868
- Plan number
- 002
- Plan type
- 2
- Location
- Gardiner, ME
- Latest filing year
- 2023
- Participants
- 632
- End-of-year plan assets
- $30,903,578
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 632 | H, C | 20240923085913NAL0011235009001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $30,903,578
- Net assets (EOY)
- $30,903,578
- Net assets (BOY)
- $28,816,531
Income & contributions
- Employer contributions
- $502,901
- Participant contributions
- $3,248,427
- Total contributions
- $4,731,482
- Total income / additions
- $8,809,088
Expenses & distributions
- Benefits paid
- $6,470,339
- Administrative expenses
- $188,456
- Total expenses
- $6,722,041
- Net increase / (decrease)
- $2,087,047
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $188,250 | $0 | 2023 |
| Raymond James & Associates Inc | INVESTMENT ADVISORY | $0 | $67,945 | 2023 |
| Maine Drilling & Blasting, Inc. | RECORDKEEPER/BOOK KEEPER | $0 | $23,700 | 2023 |
| Nbt Bank, N.A. | OTHER SERVICES | $0 | $12,972 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Maine Drilling & Blasting, Inc.
- 2023 Form 5500 filing
- Form 5500 filings in ME
- 401(k) and benefit plan filings in Gardiner, ME
- Principal Life Insurance Company — Schedule C compensation
- Raymond James & Associates Inc — Schedule C compensation
- Maine Drilling & Blasting, Inc. — Schedule C compensation
- Nbt Bank, N.A. — Schedule C compensation