Bar Harbor Bankshares 401k Plan — Form 5500 plan (Bar Harbor Bankshares)
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, Bar Harbor Bankshares 401k Plan is a benefit plan reported by Bar Harbor Bankshares under EIN 01-0393663 and plan number 002. The latest loaded filing year is 2023. The filing reports 707 participants and $55,182,107 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$55.2MPlan net assets, end of year$55,182,107
Participants707Covered participants reported
Assets / participant$78.1KComputed: assets ÷ participants$78,051 (computed)
Provider compensation$71.1K2 Schedule C provider row(s)$71,147
- Plan sponsor
- Bar Harbor Bankshares
- EIN
- 01-0393663
- Plan number
- 002
- Plan type
- 2
- Location
- Bar Harbor, ME
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 707 | H, C | 20240708152053NAL0012529025001 |
Schedule H · 2023
Reported financial statement
Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.
Reported balance (end of year)$55.2M total assets
Net assets$55.2MLiabilities$0
Full reported line items
Net assets
- Total assets (EOY)
- $55,182,107
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $55,182,107
- Net assets (BOY)
- $47,418,798
Income & contributions
- Employer contributions
- $1,405,620
- Participant contributions
- $2,943,302
- Total contributions
- $5,577,197
- Total income / additions
- $12,566,081
Expenses & distributions
- Benefits paid
- $4,730,273
- Administrative expenses
- $70,257
- Total expenses
- $4,802,772
- Net increase / (decrease)
- $7,763,309
Computed from reported fields
Reported ratios
Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.
32%68%
Employer 32%Participant 68%
Total expenses ÷ net assets9%Computed ratio
Benefits paid ÷ total income38%Computed ratio
Provider comp. ÷ net assets0%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Morgan Stanley Global Banking Opera | NONE | $44,724 | not reported in the loaded dataset | 2023 |
| The Vanguard Group, Inc. | NONE | $26,423 | $0 | 2023 |