# Saco & Biddeford Savings Institution 401(k) Plan
Source: https://planprovider.pro/companies/saco-biddeford-savings-institution-401k-plan

> Saco & Biddeford Savings Institution's 401(k) plan: 201 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Saco & Biddeford Savings Institution

- **Sponsor EIN:** 010153690

- **Sponsor Address:** 50 INDUSTRIAL PARK ROAD, SACO, ME, 04072

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

- **Total Participants:** 201

- **Total Assets:** $29.6M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** Yes

- **Participant Loans:** Yes

- **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|201|$29.6M|$792,169|$1.7M|

| 2023|200|$25.4M|$725,073|$1.7M|

| 2022|196|$21.3M|$658,009|$1.5M|

## 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|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [BAKER NEWMAN & NOYES](https://planprovider.pro/provider/baker-newman-and-noyes) — Auditor

## 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|$71,489|$26,256|$300|—|—|

| 2023|$56,904|$21,760|—|—|—|

| 2022|$56,948|—|—|—|—|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/saco-biddeford-savings-institution-401k-plan)

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