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MAINE BANKERS ASSOCIATION 401(K) SAVINGS PLAN 401k Plan overview

Plan NameMAINE BANKERS ASSOCIATION 401(K) SAVINGS PLAN
Plan identification number 002

MAINE BANKERS ASSOCIATION 401(K) SAVINGS PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

MAINE BANKERS ASSOCIATION has sponsored the creation of one or more 401k plans.

Company Name:MAINE BANKERS ASSOCIATION
Employer identification number (EIN):010155360
NAIC Classification:522120
NAIC Description:Savings Institutions

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MAINE BANKERS ASSOCIATION 401(K) SAVINGS PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022023-01-01
0022022-01-01
0022021-01-01
0022020-01-01
0022019-01-01
0022018-01-01
0022017-01-01
0022016-01-01
0022015-01-01
0022014-01-01MARC P. OWEN2015-09-11
0022013-01-01MARC P. OWEN2014-07-29
0022012-01-01MARC P. OWEN
0022011-01-01MARC P. OWEN
0022010-01-01MARC P. OWEN MARC P. OWEN2011-07-25
0022009-01-01MARC OWEN MARC OWEN2010-10-08

Financial Data on MAINE BANKERS ASSOCIATION 401(K) SAVINGS PLAN

Measure Date Value
2025 : MAINE BANKERS ASSOCIATION 401(K) SAVINGS PLAN 2025 401k financial data
Total expenses incurred by plan in this plan year2025-06-04665859
Net assets as of the end of the plan year2025-06-044325920
Total assets as of the beginning of the plan year2025-06-043342317
Value of plan covered by a fidelity bond2025-06-04500000
Participant contributions to plan in this plan year2025-06-04145609
Other contributions to plan in this plan year2025-06-041007262
Other income to plan in this plan year2025-06-04425180
Plan net income in this plan year2025-06-04983603
Net assets as of the end of the plan year2025-06-044325920
Net assets as of the beginning of the plan year2025-06-043342317
Employer contributions to plan in this plan year2025-06-0471411
Expensese paid to adminstrative service provicers from plan in this plan year2025-06-046565
2024 : MAINE BANKERS ASSOCIATION 401(K) SAVINGS PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year2024-06-286481814
Net assets as of the end of the plan year2024-06-283342317
Total assets as of the beginning of the plan year2024-06-288742163
Value of plan covered by a fidelity bond2024-06-28500000
Participant contributions to plan in this plan year2024-06-28133688
Value of participant loans at end of plan year2024-06-280
Other contributions to plan in this plan year2024-06-28205583
Other income to plan in this plan year2024-06-28665719
Plan net income in this plan year2024-06-28-5399846
Net assets as of the end of the plan year2024-06-283342317
Net assets as of the beginning of the plan year2024-06-288742163
Employer contributions to plan in this plan year2024-06-2876978
Expensese paid to adminstrative service provicers from plan in this plan year2024-06-285313
2022 : MAINE BANKERS ASSOCIATION 401(K) SAVINGS PLAN 2022 401k financial data
Total expenses incurred by plan in this plan year2022-09-06530568
Net assets as of the end of the plan year2022-09-0610809747
Total assets as of the beginning of the plan year2022-09-0610201374
Value of plan covered by a fidelity bond2022-09-06500000
Participant contributions to plan in this plan year2022-09-06114055
Value of participant loans at end of plan year2022-09-0617431
Other contributions to plan in this plan year2022-09-0632416
Other income to plan in this plan year2022-09-06925032
Plan net income in this plan year2022-09-06608373
Net assets as of the end of the plan year2022-09-0610809747
Net assets as of the beginning of the plan year2022-09-0610201374
Employer contributions to plan in this plan year2022-09-0667438
Expensese paid to adminstrative service provicers from plan in this plan year2022-09-065113
2012 : MAINE BANKERS ASSOCIATION 401(K) SAVINGS PLAN 2012 401k financial data
Total income from all sources2012-12-31$615,290
Expenses. Total of all expenses incurred2012-12-31$10,848
Total plan assets at end of year2012-12-31$3,018,307
Total plan assets at beginning of year2012-12-31$2,413,865
Value of fidelity bond covering the plan2012-12-31$1,000,000
Total contributions received or receivable from participants2012-12-31$73,848
Other income received2012-12-31$368,159
Net income (gross income less expenses)2012-12-31$604,442
Net plan assets at end of year (total assets less liabilities)2012-12-31$3,018,307
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$2,413,865
Assets. Value of participant loans2012-12-31$73,647
Total contributions received or receivable from employer(s)2012-12-31$173,283
Value of corrective distributions2012-12-31$5,029
Expenses. Administrative service providers (salaries,fees and commissions)2012-12-31$5,819
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
2011 : MAINE BANKERS ASSOCIATION 401(K) SAVINGS PLAN 2011 401k financial data
Total income from all sources2011-12-31$239,023
Expenses. Total of all expenses incurred2011-12-31$13,946
Benefits paid (including direct rollovers)2011-12-31$8,905
Total plan assets at end of year2011-12-31$2,413,865
Total plan assets at beginning of year2011-12-31$2,188,788
Value of fidelity bond covering the plan2011-12-31$1,000,000
Total contributions received or receivable from participants2011-12-31$67,717
Expenses. Other expenses not covered elsewhere2011-12-31$10
Other income received2011-12-31$-37,691
Net income (gross income less expenses)2011-12-31$225,077
Net plan assets at end of year (total assets less liabilities)2011-12-31$2,413,865
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$2,188,788
Assets. Value of participant loans2011-12-31$58,136
Total contributions received or receivable from employer(s)2011-12-31$208,997
Expenses. Administrative service providers (salaries,fees and commissions)2011-12-31$5,031
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
2010 : MAINE BANKERS ASSOCIATION 401(K) SAVINGS PLAN 2010 401k financial data
Total income from all sources2010-12-31$355,544
Expenses. Total of all expenses incurred2010-12-31$4,241
Total plan assets at end of year2010-12-31$2,188,788
Total plan assets at beginning of year2010-12-31$1,837,485
Value of fidelity bond covering the plan2010-12-31$1,000,000
Total contributions received or receivable from participants2010-12-31$58,080
Other income received2010-12-31$249,337
Net income (gross income less expenses)2010-12-31$351,303
Net plan assets at end of year (total assets less liabilities)2010-12-31$2,188,788
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$1,837,485
Assets. Value of participant loans2010-12-31$48,562
Total contributions received or receivable from employer(s)2010-12-31$48,127
Expenses. Administrative service providers (salaries,fees and commissions)2010-12-31$4,241
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
2009 : MAINE BANKERS ASSOCIATION 401(K) SAVINGS PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0

Form 5500 Responses for MAINE BANKERS ASSOCIATION 401(K) SAVINGS PLAN

2012: MAINE BANKERS ASSOCIATION 401(K) SAVINGS PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: MAINE BANKERS ASSOCIATION 401(K) SAVINGS PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2010: MAINE BANKERS ASSOCIATION 401(K) SAVINGS PLAN 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Submission has been amendedNo
2010-01-01This submission is the final filingNo
2010-01-01This return/report is a short plan year return/report (less than 12 months)No
2010-01-01Plan is a collectively bargained planNo
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement - TrustYes
2009: MAINE BANKERS ASSOCIATION 401(K) SAVINGS PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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