Plan Snapshot
- Plan Sponsor: Northway Bank
- Sponsor EIN: 020108854
- Sponsor Address: 9 MAIN STREET, BERLIN, NH, 03570
- Plan Type: 401(k)
- Total Participants: 115
- Total Assets: $0
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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. |
|---|---|---|---|---|
| 2025 | 115 | $0 | $0 | $0 |
| 2024 | 166 | $22.8M | $927,322 | $1.2M |
| 2023 | 170 | $21.7M | $976,692 | $1.3M |
| 2022 | 191 | $18.2M | $994,588 | $1.3M |
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 | 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 |
|---|---|---|---|---|---|
| 2025 | -$7,890 | — | — | — | — |
| 2024 | -$18,024 | — | — | — | — |
| 2023 | -$7,350 | — | — | — | — |
| 2022 | $8,042 | — | — | — | — |