Shawmut Group 401(K) Plan — Form 5500 plan (Shawmut Group 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, Shawmut Group 401(K) Plan is a benefit plan reported by Shawmut Group Inc. under EIN 81-3645861 and plan number 001. The latest loaded filing year is 2023. The filing reports 1,395 participants and $158,789,809 in end-of-year plan assets, where available in the loaded dataset.

Key reported metrics

Plan sponsor
Shawmut Group Inc.
EIN
81-3645861
Plan number
001
Plan type
2
Location
Boston, MA
Latest filing year
2023
Participants
1,395
End-of-year plan assets
$158,789,809

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
20231,395H, C20241002150509NAL0004958003001

Reported financial statement (2023 · Schedule H)

Net assets

Total assets (EOY)
$158,789,809
Total liabilities (EOY)
$0
Net assets (EOY)
$158,789,809
Net assets (BOY)
$135,727,702

Income & contributions

Employer contributions
$3,029,795
Participant contributions
$8,868,207
Total contributions
$14,306,878
Total income / additions
$38,486,977

Expenses & distributions

Benefits paid
$16,060,661
Administrative expenses
$281,511
Total expenses
$16,385,921
Net increase / (decrease)
$22,101,056

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Principal Life Insurance CompanyCONTRACT ADMINISTRATOR$281,511$02023
Morgan Stanley Global Banking OperaINVESTMENT ADVISORY$0$75,0002023
Crowe LlpACCOUNTANT$0$18,9002023

Related Form 5500 pages