Employers › Gorham Savings Bank
Recordkeeping fees per participant · Gorham Savings Bank 401(k) Incentive Savings Plan · plan year 2024
$16.00
Higher than 16% of the 14,075 plans $10 to 50M that report it.
= $4,145 / 259
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250924115746NAL0008108368001, received 2025-09-24
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250924115746NAL0008108368001, received 2025-09-24
Percentiles compare this plan with the Schedule H plans $10 to 50M in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-04-01 to 2024-12-31, filing received 2025-09-24.
Administrative expenses excluding investment management, per participant
$16.00
Higher than 10% of the 24,371 plans $10 to 50M that report it.
= $4,145 / 259
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250924115746NAL0008108368001, received 2025-09-24
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250924115746NAL0008108368001, received 2025-09-24
Administrative expenses per participant
$16.00
Higher than 6% of the 25,098 plans $10 to 50M that report it.
= $4,145 / 259
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250924115746NAL0008108368001, received 2025-09-24
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250924115746NAL0008108368001, received 2025-09-24
Administrative expenses as a share of assets
0.011%
Higher than 3% of the 25,132 plans $10 to 50M that report it.
= $4,145 / $37,512,929
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250924115746NAL0008108368001, received 2025-09-24
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250924115746NAL0008108368001, received 2025-09-24
Employer contributions per participant
$3,102
Higher than 74% of the 24,050 plans $10 to 50M that report it.
= $803,352 / 259
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250924115746NAL0008108368001, received 2025-09-24
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250924115746NAL0008108368001, received 2025-09-24
Employer share of total contributions
40.1%
Higher than 84% of the 24,084 plans $10 to 50M that report it.
= $803,352 / $2,003,664
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250924115746NAL0008108368001, received 2025-09-24
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250924115746NAL0008108368001, received 2025-09-24
Plan terms are not published in public filings.
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 20250924115746NAL0008108368001, received 2025-09-24
| Field | Value | Source |
|---|---|---|
| Plan sponsor | GORHAM SAVINGS BANK | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250924115746NAL0008108368001, received 2025-09-24 |
| Plan name | GORHAM SAVINGS BANK 401(K) INCENTIVE SAVINGS PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20250924115746NAL0008108368001, received 2025-09-24 |
| Sponsor EIN / plan number | 01-0078890 / 002 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250924115746NAL0008108368001, received 2025-09-24 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250924115746NAL0008108368001, received 2025-09-24 |
| Sponsor location | GORHAM, ME | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250924115746NAL0008108368001, received 2025-09-24 |
| Industry (business code) | 522190, Finance and insurance | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20250924115746NAL0008108368001, received 2025-09-24 |
| Plan year | 2024-04-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250924115746NAL0008108368001, received 2025-09-24 |
| Filing received | 2025-09-24 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250924115746NAL0008108368001, received 2025-09-24 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250924115746NAL0008108368001, received 2025-09-24 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20250924115746NAL0008108368001, received 2025-09-24 |
| Participants, beginning of year | 288 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250924115746NAL0008108368001, received 2025-09-24 |
| Active participants | 199 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250924115746NAL0008108368001, received 2025-09-24 |
| Participants, end of year | 262 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250924115746NAL0008108368001, received 2025-09-24 |
| Participants with an account balance | 259 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250924115746NAL0008108368001, received 2025-09-24 |
| Total assets, beginning of year | $34,532,025 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250924115746NAL0008108368001, received 2025-09-24 |
| Total assets, end of year | $37,512,929 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250924115746NAL0008108368001, received 2025-09-24 |
| Net assets, end of year | $37,512,929 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250924115746NAL0008108368001, received 2025-09-24 |
| Total income | $4,319,168 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250924115746NAL0008108368001, received 2025-09-24 |
| Net income | $2,980,904 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250924115746NAL0008108368001, received 2025-09-24 |
| Employer contributions | $803,352 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250924115746NAL0008108368001, received 2025-09-24 |
| Participant contributions | $915,364 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250924115746NAL0008108368001, received 2025-09-24 |
| Other contributions (incl. rollovers) | $284,948 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250924115746NAL0008108368001, received 2025-09-24 |
| Total contributions | $2,003,664 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250924115746NAL0008108368001, received 2025-09-24 |
| Benefit payments | $1,334,119 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250924115746NAL0008108368001, received 2025-09-24 |
| Total expenses (incl. benefit payments) | $1,338,264 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250924115746NAL0008108368001, received 2025-09-24 |
| Total administrative expenses | $4,145 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250924115746NAL0008108368001, received 2025-09-24 |
| Recordkeeping fees | $4,145 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250924115746NAL0008108368001, received 2025-09-24 |
| Administrative expenses excluding investment management | $4,145 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250924115746NAL0008108368001, received 2025-09-24 |
| Held in common/collective trusts | $3,165,293 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20250924115746NAL0008108368001, received 2025-09-24 |
| Held in mutual funds | $33,755,821 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20250924115746NAL0008108368001, received 2025-09-24 |
| Independent auditor | BDMP ASSURANCE, LLP | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250924115746NAL0008108368001, received 2025-09-24 |
Position = column in the DOL layout for form year 2024. Filing 20250924115746NAL0008108368001, received 2025-09-24.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| EPIC RETIREMENT PLAN SERVICESrecordkeeper | NONE | 15 Recordkeeping and information management; 37 Participant loan processing; 38 Participant communication | $4,145 | yes |
| CHARLES SCHWAB & CO., INC. | NONE | 59 Shareholder servicing fees | $0 | 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 20250924115746NAL0008108368001, received 2025-09-24.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $34,532,025 | $37,512,929 | 8.6% |
| Participants with a balance | 287 | 259 | -9.8% |
| Administrative expenses | $3,441 | $4,145 | 20.5% |
| Recordkeeping fees per participant | $11.99 | $16.00 | 33.5% |
| Employer contributions | $963,502 | $803,352 | -16.6% |
Prior filing 20250109160527NAL0007048323001, received 2025-01-09; the plan years are contiguous.
Sponsor name as filed: GORHAM SAVINGS BANK; SEC registrant: Gorham Savings Bank (CIK 1620366, matched by EIN).