Recordkeeping fees per participant
not reported
Not reported on this filing.
Employers › Bar Harbor Bankshares
Bar Harbor Bankshares 401(k)
- BHB NYSE
- Finance and insurance
- Bar Harbor, ME
- EIN 01-0393663
- 1 plan with Schedule H financials
- Plan year 2024
Administrative expenses excluding investment management, per participant · Bar Harbor Bankshares 401(k) Plan · plan year 2024
$116.86
Higher than 62% of the 8,758 plans $50 to 250M that report it.
Source
= $77,943 / 667
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250729144954NAL0003498465001, received 2025-07-29
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250729144954NAL0003498465001, received 2025-07-29
Percentiles compare this plan with the Schedule H plans $50 to 250M 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 2025-07-29.
Cost and contributions
Administrative expenses per participant
$116.86
Higher than 43% of the 9,042 plans $50 to 250M that report it.
Source
= $77,943 / 667
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250729144954NAL0003498465001, received 2025-07-29
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250729144954NAL0003498465001, received 2025-07-29
Administrative expenses as a share of assets
0.124%
Higher than 46% of the 9,049 plans $50 to 250M that report it.
Source
= $77,943 / $62,750,486
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250729144954NAL0003498465001, received 2025-07-29
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250729144954NAL0003498465001, received 2025-07-29
Employer contributions per participant
$2,024
Higher than 33% of the 9,105 plans $50 to 250M that report it.
Source
= $1,350,260 / 667
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250729144954NAL0003498465001, received 2025-07-29
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250729144954NAL0003498465001, received 2025-07-29
Employer share of total contributions
24.9%
Higher than 34% of the 9,112 plans $50 to 250M that report it.
Source
= $1,350,260 / $5,423,456
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250729144954NAL0003498465001, received 2025-07-29
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250729144954NAL0003498465001, received 2025-07-29
Plan terms, as stated in Bar Harbor Bankshares's SEC filings
Employer match
“During 2025, the Company matched 100% up to the first 3% of each participant’s salary deferred and 50% on deferrals from 3% to 5% of each participant’s salary.”
Form 11-K filed 2026-06-25, for the year ended 2025-12-31 · plan description note, contributions · source document
Eligibility
“There is no service requirement for eligibility.”
Form 11-K filed 2026-06-25, for the year ended 2025-12-31 · plan description note, general (fallback) · source document
Vesting
“Participants are vested immediately in their personal contributions and the Company’s contributions.”
Form 11-K filed 2026-06-25, for the year ended 2025-12-31 · plan description note, vesting · source document
Automatic enrollment
“The Plan includes an auto-enrollment provision whereby all newly eligible employees are automatically enrolled in the Plan unless they affirmatively elect not to participate in the Plan.”
Form 11-K filed 2026-06-25, for the year ended 2025-12-31 · plan description note, contributions · source document
Terms quoted from the filing for the year ended 2025-12-31. Figures cover plan year 2024. The plan document governs.
Plan features
2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2S pre-approved plan document · 2T default investment (QDIA) · 3D IRS pre-approved plan · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250729144954NAL0003498465001, received 2025-07-29
Full record, Bar Harbor Bankshares 401(k) Plan
| Field | Value | Source |
|---|---|---|
| Plan sponsor | BAR HARBOR BANKSHARES | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250729144954NAL0003498465001, received 2025-07-29 |
| Plan name | BAR HARBOR BANKSHARES 401K PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20250729144954NAL0003498465001, received 2025-07-29 |
| Sponsor EIN / plan number | 01-0393663 / 002 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250729144954NAL0003498465001, received 2025-07-29 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250729144954NAL0003498465001, received 2025-07-29 |
| Sponsor location | BAR HARBOR, ME | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250729144954NAL0003498465001, received 2025-07-29 |
| Industry (business code) | 522110, Finance and insurance | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20250729144954NAL0003498465001, received 2025-07-29 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250729144954NAL0003498465001, received 2025-07-29 |
| Filing received | 2025-07-29 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250729144954NAL0003498465001, received 2025-07-29 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250729144954NAL0003498465001, received 2025-07-29 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20250729144954NAL0003498465001, received 2025-07-29 |
| Participants, beginning of year | 689 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250729144954NAL0003498465001, received 2025-07-29 |
| Active participants | 458 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250729144954NAL0003498465001, received 2025-07-29 |
| Participants, end of year | 676 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250729144954NAL0003498465001, received 2025-07-29 |
| Participants with an account balance | 667 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250729144954NAL0003498465001, received 2025-07-29 |
| Total assets, beginning of year | $55,182,107 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250729144954NAL0003498465001, received 2025-07-29 |
| Total assets, end of year | $62,750,486 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250729144954NAL0003498465001, received 2025-07-29 |
| Net assets, end of year | $62,750,486 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250729144954NAL0003498465001, received 2025-07-29 |
| Total income | $12,170,145 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250729144954NAL0003498465001, received 2025-07-29 |
| Net income | $7,568,379 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250729144954NAL0003498465001, received 2025-07-29 |
| Employer contributions | $1,350,260 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250729144954NAL0003498465001, received 2025-07-29 |
| Participant contributions | $3,052,264 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250729144954NAL0003498465001, received 2025-07-29 |
| Other contributions (incl. rollovers) | $1,020,932 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250729144954NAL0003498465001, received 2025-07-29 |
| Total contributions | $5,423,456 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250729144954NAL0003498465001, received 2025-07-29 |
| Benefit payments | $4,523,241 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250729144954NAL0003498465001, received 2025-07-29 |
| Total expenses (incl. benefit payments) | $4,601,766 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250729144954NAL0003498465001, received 2025-07-29 |
| Total administrative expenses | $77,943 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250729144954NAL0003498465001, received 2025-07-29 |
| Administrative expenses excluding investment management | $77,943 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250729144954NAL0003498465001, received 2025-07-29 |
| Held in common/collective trusts | $2,027,315 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20250729144954NAL0003498465001, received 2025-07-29 |
| Held in mutual funds | $55,630,182 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20250729144954NAL0003498465001, received 2025-07-29 |
| Independent auditor | CROWE LLP | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250729144954NAL0003498465001, received 2025-07-29 |
Position = column in the DOL layout for form year 2024. Filing 20250729144954NAL0003498465001, received 2025-07-29.
Service providers paid directly by the plan
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| MORGAN STANLEY GLOBAL BANKING OPS | NONE | 16 Consulting (general) | $53,754 | no |
| THE VANGUARD GROUP, INC.recordkeeper | NONE | 15 Recordkeeping and information management; 16 Consulting (general); 25 Trustee (directed); 37 Participant loan processing; 52 Investment management fees paid indirectly by plan; 99 Other fees | $26,289 | yes |
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 20250729144954NAL0003498465001, received 2025-07-29.
What changed since the 2023 plan year
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $55,182,107 | $62,750,486 | 13.7% |
| Participants with a balance | 679 | 667 | -1.8% |
| Administrative expenses | $70,257 | $77,943 | 10.9% |
| Recordkeeping fees per participant | not reported | not reported | |
| Employer contributions | $1,405,620 | $1,350,260 | -3.9% |
Prior filing 20240708152053NAL0012529025001, received 2024-07-08; the plan years are contiguous.
Alerts, claims and corrections
Sponsor name as filed: BAR HARBOR BANKSHARES; SEC registrant: BAR HARBOR BANKSHARES (CIK 743367, matched by EIN; display name from the Form 11-K cover).