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BIDDEFORD SAVINGS BANK CASH BALANCE PENSION PLAN 401k Plan overview

Plan NameBIDDEFORD SAVINGS BANK CASH BALANCE PENSION PLAN
Plan identification number 003

BIDDEFORD SAVINGS BANK CASH BALANCE PENSION PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Cash balance or similar plan - Plan has a "cash balance" formula. For this purpose, a "cash balance" formula is a benefit formula in a defined benefit plan by whatever name (for example, personal account plan, pension equity plan, life cycle plan, cash account plan, etc.) that rather than, or in addition to, expressing the accrued benefit as a life annuity commencing at normal retirement age, defines benefits for each employee in terms more common to a defined contribution plan such as a single sum distribution amount (for example, 10 percent of final average pay times years of service, or the amount of the employee's hypothetical account balance).
  • Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).

401k Sponsoring company profile

BIDDEFORD SAVINGS BANK has sponsored the creation of one or more 401k plans.

Company Name:BIDDEFORD SAVINGS BANK
Employer identification number (EIN):010029610
NAIC Classification:522120
NAIC Description:Savings Institutions

Form 5500 Filing Information

Submission information for form 5500 for 401k plan BIDDEFORD SAVINGS BANK CASH BALANCE PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0032017-01-01DALE E HUOT2017-06-05
0032016-01-01DALE E HUOT2017-06-05
0032015-01-01DALE E HUOT2016-10-12
0032013-01-01DALE E HUOT2014-08-25
0032012-01-01DALE E HUOT2013-07-02
0032011-01-01DALE E HUOT2012-09-20
0032010-01-01DALE E. HUOT2011-10-03

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