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

> Skowhegan Savings Bank's 401(k) plan: 136 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Skowhegan Savings Bank

- **Sponsor EIN:** 010160050

- **Sponsor Address:** 13 ELM STREET, SKOWHEGAN, ME, 04976

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

- **Total Participants:** 136

- **Total Assets:** $15.3M

## 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|136|$15.3M|$626,330|$578,108|

| 2023|139|$13.3M|$628,724|$599,904|

| 2022|134|$11.9M|$551,185|$560,213|

## 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|

| BDMP ASSURANCE, LLP|Auditor|—|—|$0|

### Verified Provider Profiles

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

- [BDMP ASSURANCE, LLP](https://planprovider.pro/provider/bdmp-assurance-llp) — 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|$48,647|—|$48,647|—|—|

| 2023|$43,214|—|$43,214|—|—|

| 2022|$47,747|—|$47,747|—|—|

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

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