Bar Harbor Bankshares 401(k) match, vesting and fees
What Bar Harbor Bankshares' 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | The Vanguard Group, Inc. | Schedule C ↗ |
| Independent auditor | Crowe LLP (unmodified opinion) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 658 defined-contribution plans in finance and insurance with 500 to 999 participants.
| Bar Harbor Bankshares: employer contribution per participant | $2,024 | |
| Peer median | $2,935 |
| Bar Harbor Bankshares: average balance | $94,079 | |
| Peer median | $92,585 |
| Bar Harbor Bankshares: admin expenses ÷ assets | 0.13% | |
| Peer median | 0.15% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $55.2M at the end of plan year 2023 to $62.8M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 676 | $62.8M | $1.4M | $2,024 | 0.13% | Not published | Form 5500 ↗ |
| 2023 | 689 | $55.2M | $1.4M | $2,070 | 0.14% | Not published | Form 5500 ↗ |
Other Bar Harbor Bankshares plans (1)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Lake Sunapee Bank, FSB Employees' Retirement Plan
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Pentegra Services Inc. | Schedule C ↗ |
| Independent auditor | Crowe LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Frozen | Form 5500 ↗ |
Common questions
Does Bar Harbor Bankshares match 401(k) contributions?
The match terms for the Bar Harbor Bankshares 401k Plan have not been published from its filing yet. The plan year 2024 filing reports $1.4M in employer contributions, about $2,024 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Bar Harbor Bankshares 401(k) match vested?
The vesting schedule for the Bar Harbor Bankshares 401k Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Bar Harbor Bankshares 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is The Vanguard Group, Inc.. The plan administrator is Bar Harbor Bankshares.
I left Bar Harbor Bankshares. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Bar Harbor Bankshares, (207) 288-3314) or the recordkeeper, The Vanguard Group, Inc.. The Bar Harbor Bankshares old 401(k) page lists the contacts from every plan filing. Find an old Bar Harbor Bankshares 401(k)
Data from the public Form 5500 annual reports Bar Harbor Bankshares filed with the U.S. Department of Labor (plan years 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Bar Harbor Bankshares. Not financial advice. Report a correction · Methodology