# Kennebunk Savings Bank 401(k) Plan
Source: https://planprovider.pro/companies/kennebunk-savings-bank-401k-plan

> Kennebunk Savings Bank's 401(k) plan: 343 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Kennebunk Savings Bank

- **Sponsor EIN:** 010100600

- **Sponsor Address:** PO BOX 28, KENNEBUNK, ME, 04043

- **Plan Type:** 401(k)

- **Total Participants:** 343

- **Total Assets:** $35.9M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** No

- **Participant-Directed Investments:** Yes

- **ERISA Section 404(c) Fiduciary Safe Harbor:** Yes

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|343|$35.9M|$800,012|$2.0M|

| 2023|330|$31.2M|$744,399|$1.9M|

| 2022|366|$26.9M|$679,961|$1.8M|

## Service Providers (Schedule C)

Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).

| Provider Name|
Role|
Direct Compensation|
Indirect Compensation|
Total Fees|

| BAKER NEWMAN & NOYES LLC|Auditor|—|—|$0|

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $0

### Historical Administrative Expenses

Breakdown of administrative expense categories reported on Form 5500 filings.

| Year|
Total Admin Expenses|
Investment Mgmt Fees|
Contract Admin Fees|
IQPA Audit Fees|
Professional Fees|

| 2024|$15,383|$45,251|—|—|—|

| 2023|$8,471|$38,095|—|—|—|

| 2022|$11,027|$15,131|—|—|—|

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