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Original filing (PDF)20250728051425NAL0001148417001
NORWAY SAVINGS BANK
Form 5500
FILING_RECEIVED
NORWAY SAVINGS BANK 401(K) PLAN
401(k) retirement plan
Active participants
274
Accounts w/ balance
383
Plan assets (EOY)
$55.5M
Net assets (EOY)
$55.5M
How this plan invests
This plan
33 securities
funds · stocks · CUSIPs
Holdings are itemized directly on this plan's Schedule of Assets, below.
Plan health score (directional)
100
/ 100
Grade A
Top-tier plan health
Directional indicator computed from public Form 5500 data — compliance, concentration, cost, vendor stack and participation. Not a fiduciary tool.
Compliance & disclosures
100
Concentration risk
100
Total plan cost
100
Vendor stack
100
Participation health
100
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for NORWAY SAVINGS BANK.
Plan sponsor
Name
NORWAY SAVINGS BANK
EIN
01-0130870
Address
261 MAIN STREET · PO BOX 347 · NORWAY, ME · 04268
Phone
(207) 743-3536
Industry
Finance & Insurancesee all
Plan administrator
Same as plan sponsor.
Plan characteristics
Plan number
002
Plan year
2024
Plan year begin
2024-01-01
Tax period
2024-12-31
Filed
2025-07-28
Pension benefit codes
2E · Profit-sharing
2F · ERISA section 404(c)
2G · Total participant-directed accounts
2J · 401(k) feature
2K · 401(m) arrangement
2S · Automatic enrollment
2T · Default investment account (QDIA)
3D · Pre-approved plan (master / prototype / VS)
Audit & trust (Schedule H)
Auditor
BDMP ASSURANCE, LLP
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
3 rowsRecordkeeper
2| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| ADP, INC. | 13-3036745 | — | RECORD KEEPER | $39K | — |
| ADP BROKER-DEALER | 22-3319984 | — | RECORD KEEPER | $0 | — |
Advisor / Consultant
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| MERRILL LYNCH PIERCE FENNER & SMITH | 13-5674085 | — | INVESTMENT ADVISOR | $30K | — |
Investments
33 direct securities· $53.5M(97% of reported assets)
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| AMERFUNDS 2030 TARG DATERET R6 | Registered Investment Companies | — | — | $7.0M | 12.6% | |
| AMERFUNDS 2025 TARG DATERET R6 | Registered Investment Companies | — | — | $6.8M | 12.4% | |
| ISHARES S&P 500 INDEX K | Registered Investment Companies | — | — | $5.2M | 9.5% | |
| AMERFUNDS 2040 TARG DATERET R6 | Registered Investment Companies | — | — | $3.5M | 6.4% | |
| MFS MOD ALLOC - R4 | Registered Investment Companies | — | — | $3.1M | 5.6% | |
| AMERFUNDS 2035 TARG DATERET R6 | Registered Investment Companies | — | — | $3.1M | 5.5% | |
| HARTFORD DIVIDEND & GROWTH R6 | Registered Investment Companies | — | — | $2.9M | 5.2% | |
| JPMORGAN LARGE CAP GROWTH R6 | Registered Investment Companies | — | — | $2.5M | 4.5% | |
| AMERFUNDS 2045 TARG DATERET R6 | Registered Investment Companies | — | — | $2.1M | 3.9% | |
| AMERFUNDS 2050 TARG DATERET R6 | Registered Investment Companies | — | — | $2.0M | 3.6% | |
| MFS GRTH ALLOC R4 | Registered Investment Companies | — | — | $1.8M | 3.3% | |
| AMERICAN FUNDS 2055 TARGET R6 | Registered Investment Companies | — | — | $1.6M | 2.9% | |
| VANGUARD EXPLORER ADMIN | Registered Investment Companies | — | — | $1.3M | 2.3% | |
| MFS CONS ALLOC - R4 | Registered Investment Companies | — | — | $1.1M | 2.0% | |
| AMERFUNDS 2020 TARG DATERET R6 | Registered Investment Companies | — | — | $1.0M | 1.8% | |
| BLACKROCK FEDFUND - PREMIER | Registered Investment Companies | — | — | $921K | 1.7% | |
| AMERFUNDS 2060 TARG DATERET R6 | Registered Investment Companies | — | — | $904K | 1.6% | |
| PIMCO INCOME FUND - INSTL | Registered Investment Companies | — | — | $900K | 1.6% | |
| MFS AGG GRTH ALLOC - R4 | Registered Investment Companies | — | — | $808K | 1.5% | |
| ISHARES MSCI EAFE INTL INDEX K | Registered Investment Companies | — | — | $778K | 1.4% | |
| BR GLOB ALLOC K | Registered Investment Companies | — | — | $713K | 1.3% | |
| PIONEER BOND FUND - K | Registered Investment Companies | — | — | $648K | 1.2% | |
| AMERICAN FUNDS NEW WORLD R6 | Registered Investment Companies | — | — | $533K | 1.0% | |
| ISHARES RUSSELL MIDCAP INDEX K | Registered Investment Companies | — | — | $515K | 0.9% | |
| LORD ABBETT SHORT DUR INC R6 | Registered Investment Companies | — | — | $436K | 0.8% | |
| EV ATLANTA CAPITAL SMID CAP R6 | Registered Investment Companies | — | — | $361K | 0.7% | |
| PRI GLBL REAL ESTATE SEC R6 | Registered Investment Companies | — | — | $264K | 0.5% | |
| MFS RESEARCH INTERNATIONAL R6 | Registered Investment Companies | — | — | $240K | 0.4% | |
| AMERFUNDS 2015 TARG DATERET R6 | Registered Investment Companies | — | — | $152K | 0.3% | |
| AMERFUNDS 2065 TARG DATERET R6 | Registered Investment Companies | — | — | $94K | 0.2% | |
| ISHARES US AGGREGATE BD IDX K | Registered Investment Companies | — | — | $90K | 0.2% | |
| ISHARES RUSSELL 2000 SM CAP K | Registered Investment Companies | — | — | $59K | 0.1% | |
| NUVEEN LARGE CAP RESP EQ R6 | Registered Investment Companies | — | — | $1K | <0.1% |