# Northway Bank 401(k) Plan
Source: https://planprovider.pro/companies/northway-bank-401k-plan

> Northway Bank's 401(k) plan: 115 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|—|—|—|—|

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