Employers › Banknorth Group
Recordkeeping fees per participant · TD 401(k) Retirement Plan · plan year 2024
$29.21
Higher than 41% of the 790 plans over $1B that report it.
= $1,232,452 / 42,188
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251010121541NAL0004227267001, received 2025-10-10
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251010121541NAL0004227267001, received 2025-10-10
Percentiles compare this plan with the Schedule H plans over $1B in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-10-10.
Administrative expenses excluding investment management, per participant
$29.23
Higher than 26% of the 1,045 plans over $1B that report it.
= $1,233,352 / 42,188
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251010121541NAL0004227267001, received 2025-10-10
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251010121541NAL0004227267001, received 2025-10-10
Administrative expenses per participant
$32.29
Higher than 14% of the 1,076 plans over $1B that report it.
= $1,362,089 / 42,188
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251010121541NAL0004227267001, received 2025-10-10
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251010121541NAL0004227267001, received 2025-10-10
Administrative expenses as a share of assets
0.023%
Higher than 21% of the 1,076 plans over $1B that report it.
= $1,362,089 / $5,971,163,889
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251010121541NAL0004227267001, received 2025-10-10
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251010121541NAL0004227267001, received 2025-10-10
Employer contributions per participant
$4,694
Higher than 65% of the 1,135 plans over $1B that report it.
= $198,025,637 / 42,188
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251010121541NAL0004227267001, received 2025-10-10
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251010121541NAL0004227267001, received 2025-10-10
Employer share of total contributions
42.3%
Higher than 79% of the 1,135 plans over $1B that report it.
= $198,025,637 / $468,259,448
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251010121541NAL0004227267001, received 2025-10-10
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251010121541NAL0004227267001, received 2025-10-10
Plan terms are described in Banknorth Group Inc's SEC filings: Form 11-K filed 2004-06-22 and Form 10-K filed 2005-02-28. No term could be quoted from them with the required precision.
2A age/service-weighted · 2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2T default investment (QDIA) · 3F · 3H controlled-group sponsor · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20251010121541NAL0004227267001, received 2025-10-10
| Field | Value | Source |
|---|---|---|
| Plan sponsor | TD BANK US HOLDING COMPANY | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20251010121541NAL0004227267001, received 2025-10-10 |
| Plan name | TD 401(K) RETIREMENT PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20251010121541NAL0004227267001, received 2025-10-10 |
| Sponsor EIN / plan number | 01-0437984 / 003 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20251010121541NAL0004227267001, received 2025-10-10 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20251010121541NAL0004227267001, received 2025-10-10 |
| Sponsor location | PORTLAND, ME | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20251010121541NAL0004227267001, received 2025-10-10 |
| Industry (business code) | 551111, Management of companies and enterprises | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20251010121541NAL0004227267001, received 2025-10-10 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20251010121541NAL0004227267001, received 2025-10-10 |
| Filing received | 2025-10-10 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20251010121541NAL0004227267001, received 2025-10-10 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20251010121541NAL0004227267001, received 2025-10-10 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20251010121541NAL0004227267001, received 2025-10-10 |
| Participants, beginning of year | 47,196 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20251010121541NAL0004227267001, received 2025-10-10 |
| Active participants | 32,012 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20251010121541NAL0004227267001, received 2025-10-10 |
| Participants, end of year | 49,123 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20251010121541NAL0004227267001, received 2025-10-10 |
| Participants with an account balance | 42,188 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251010121541NAL0004227267001, received 2025-10-10 |
| Total assets, beginning of year | $4,942,173,822 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20251010121541NAL0004227267001, received 2025-10-10 |
| Total assets, end of year | $5,971,163,889 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251010121541NAL0004227267001, received 2025-10-10 |
| Net assets, end of year | $5,971,163,889 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20251010121541NAL0004227267001, received 2025-10-10 |
| Total income | $1,152,988,301 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20251010121541NAL0004227267001, received 2025-10-10 |
| Net income | $713,128,125 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20251010121541NAL0004227267001, received 2025-10-10 |
| Employer contributions | $198,025,637 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251010121541NAL0004227267001, received 2025-10-10 |
| Participant contributions | $233,461,552 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20251010121541NAL0004227267001, received 2025-10-10 |
| Other contributions (incl. rollovers) | $36,772,259 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20251010121541NAL0004227267001, received 2025-10-10 |
| Total contributions | $468,259,448 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251010121541NAL0004227267001, received 2025-10-10 |
| Benefit payments | $438,498,087 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20251010121541NAL0004227267001, received 2025-10-10 |
| Total expenses (incl. benefit payments) | $439,860,176 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20251010121541NAL0004227267001, received 2025-10-10 |
| Total administrative expenses | $1,362,089 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251010121541NAL0004227267001, received 2025-10-10 |
| Recordkeeping fees | $1,232,452 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251010121541NAL0004227267001, received 2025-10-10 |
| Investment advisory and management fees | $128,737 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20251010121541NAL0004227267001, received 2025-10-10 |
| Administrative expenses excluding investment management | $1,233,352 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251010121541NAL0004227267001, received 2025-10-10 |
| Held in common/collective trusts | $5,188,073,517 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20251010121541NAL0004227267001, received 2025-10-10 |
| Held in mutual funds | $462,528,504 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20251010121541NAL0004227267001, received 2025-10-10 |
| Independent auditor | ERNST & YOUNG LLP | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20251010121541NAL0004227267001, received 2025-10-10 |
Position = column in the DOL layout for form year 2024. Filing 20251010121541NAL0004227267001, received 2025-10-10.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| T ROWE PRICE RPS INCrecordkeeper | NONE | 15 Recordkeeping and information management; 21 Trustee (bank, trust company or similar); 25 Trustee (directed); 28 Investment management; 37 Participant loan processing; 38 Participant communication; 49 Other services; 50 Direct payment from the plan; 52 Investment management fees paid indirectly by plan; 59 Shareholder servicing fees; 62 Float revenue; 64 Recordkeeping fees; 65 Account maintenance fees; 99 Other fees | $1,236,024 | yes |
| MORNINGSTAR | NONE | 26 Investment advisory (participants); 50 Direct payment from the plan | $128,737 | no |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20251010121541NAL0004227267001, received 2025-10-10.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $4,942,173,822 | $5,971,163,889 | 20.8% |
| Participants with a balance | 40,954 | 42,188 | 3.0% |
| Administrative expenses | $1,187,742 | $1,362,089 | 14.7% |
| Recordkeeping fees per participant | $26.16 | $29.21 | 11.7% |
| Employer contributions | $168,463,260 | $198,025,637 | 17.5% |
Prior filing 20241009125717NAL0009213667001, received 2024-10-09; the plan years are contiguous.
Sponsor name as filed: TD BANK US HOLDING COMPANY; SEC registrant: BANKNORTH GROUP INC/ME (CIK 829750, matched by EIN).