Plan Ledger DOL Form 5500 · updated monthly

Bar Harbor Bankshares401(k)

BAR HARBOR BANKSHARES 401K PLAN · BAR HARBOR, ME · plan year 2025

Reported admin expense ratio · 2025
0.13%

Peer grade: C+ · admin costs + employer contributions vs same-size plans · how grading works

Bar Harbor Bankshares reported $86,392 in plan administrative expenses for 2025: 0.13% of average plan assets, above the peer median. Employer contributions averaged $2,887 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 3 years on file its reported administrative ratio rose from 0.10% to 0.13%. The plan sits in the $50M–$250M size bracket, benchmarked here against 605 comparable plans and shown alongside other finance & insurance employers. By assets it is the 47th-largest of 354 plans among Maine employers on file, and the 1,255th of 4,798 in finance & insurance. In 2025, employees put in $2.25 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$73,580,926
Participants with balances727
Active participants532
Employer contributions$1,535,806
Employee contributions$3,455,000
Employer contribution per active participant$2,887
Average account balance$101,212
Benefits paid to participants$4,320,035
Plan auditUnmodified (clean) audit opinion
AuditorCROWE LLP
Plan history4
Yearassets · accounts · employer contribution
2025$73.6M · 727 accts · $1.5M emplr
2024$62.8M · 667 accts · $1.4M emplr
2023$55.2M · 679 accts · $1.4M emplr
2022$47.4M · 697 accts · $1.3M emplr
The Bar Harbor Bankshares 401(k) match · 2025
Employer contribution per active participant$2,887
Median for plans this size$4,093
2025$2,887 per active participant
2024$2,948 per active participant
2023$3,056 per active participant
2022$2,692 per active participant

Bar Harbor Bankshares's 2025 employer contribution ran below the $4,093 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20252
THE VANGUARD GROUP, INC. · Recordkeeping · Consulting$26,557
MORGAN STANLEY GLOBAL BANKING OPS · Consulting$61,485

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year3
2025Vanguard
2024Vanguard
2023Vanguard

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history4
2025$86,392 · 0.13%
2024$77,943 · 0.13%
2023$70,257 · 0.14%
2022$48,957 · 0.10%
Same employer
Similar plansFinance & Insurance · Maine
Cross Financial Corporation ME$138.9M · 0.16%
Camden National Corporation ME$86.8M · 0.13%
Kennebec Savings Bank ME$58.6M · 0.26%
Mmg Insurance Company ME$55.8M · 0.15%
Norway Savings Bank ME$55.5M · 0.13%

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Source: U.S. Department of Labor, Form 5500 series, EIN 010393663 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.