401(k) · DOL Form 5500 · 2022

Norway Savings Bank 401(k) Plan

Data updated 2026-08-25

$43M
Total assets Below avg plan size
301
Participants Below avg headcount
87th
Percentile by assets National rank
$141,964
Avg per participant Near avg balance/head
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Official DOL plan name: Norway Savings Bank 401(k) Plan · Sponsored by Norway Savings Bank · Maine · Finance & Insurance

$43M in assets, 301 participants

Norway Savings Bank's Norway Savings Bank 401(k) Plan reported $43M in total assets and 301 participants in its 2022 DOL Form 5500 filing, ranking in the 87th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #7,274 in Finance & Insurance (9,261 peers)

Where Norway Savings Bank 401(k) Plan sits by assets

Norway Savings Bank 401(k) Plan sits in the top quartile of all filed plans by assets, $43M for 301 participants (~$141,964/participant), down 11.1% in 2022.

#7,274
in Finance & Insurance (9,261 peers)
-11.1%
assets change YoY
0.4×
vs typical plan assets (national mean)

The plan reported a net loss of $5M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Norway Savings Bank 401(k) Plan's outsized position by total assets

Norway Savings Bank 401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$42,731,105 Top 13% higher than 87% of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

Norway Savings Bank 401(k) Plan among mid-size filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Norway Savings Bank 401(k) Plan sits mid-pack in the medium band (301 participants).

EBSA filing schedule strip

Filing strip 010130870 · Norway Savings Bank PY 2022 · 401(k)

Norway Savings Bank 401(k) Plan · $43M · 301 · 87th

  • IND $43M
  • EOY 301
  • 5500 87th
  • ASSETS 401(k)
  • PCT near Ray Skillman 401(k) Profit Sharing Plan
  • EIN ind #7274

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Finance & Insurance retirement plans → · Plans in Maine →

Norway Savings Bank 401(k) Plan in the asset neighbourhood

Roanoke Group Inc. Retirement Savings PlanRoanoke Group Inc. Retiremen…$43MGeorgia Urology, P.a. 401(k) Savings PlanGeorgia Urology, P.a. 401(k)…$43MNorway Savings Bank 401(k) PlanNorway Savings Bank 401(k) P…$43MRay Skillman 401(k) Profit Sharing PlanRay Skillman 401(k) Profit S…$43MEnphase Energy, Inc. 401(k) PlanEnphase Energy, Inc. 401(k) …$43M
End-of-year total assets ($M) among Norway Savings Bank 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Scale-class filing particulars (2022)

Total Assets (Beginning of Year)$48M
Net Assets (End of Year)$43M
Net Income-$5M
Employer EIN010130870
Plan Effective Date1996-10-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Norway Savings Bank)

Sponsor-wide plan assets over time

All Norway Savings Bank plans reported in each filing year

Latest sponsor-wide plan assets
$55M 29.768148986552067% vs 2022
2024 filing year
$40M$45M$50M$55M$60M 202220232024 $42.7M $55.5M ▲ +29.8%
Year Plans Participants Total Assets
2022 1 301 $43M
2023 1 304 $49M
2024 1 302 $55M

Nearby 401(k) Plans in Maine

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Norway Savings Bank 401(k) Plan vs. nearby 401(k) plans in Maine, assets vs. participants Scatter plot of 6 data points. -10000010000200003000040000 -1012345 Total assets ($B) Participants Norway Savings Bank 401(k) Plan, Total assets ($B): 0.042731105 · Participants: 301Norway Savings Bank 401(k) PlanTd 401(k) Retirement Plan, Total assets ($B): 4.082814523 · Participants: 26725Td 401(k) Retirement PlanUnum Group 401(k) Retirement Plan, Total assets ($B): 1.823433108 · Participants: 9051Unum Group 401(k) Retirement PlanIdexx Retirement and Incentive Savings Plan, Total assets ($B): 0.833975444 · Participants: 6436Idexx Retirement and Incentive Savings PlanHannaford Bros. Co., LLC Retirement Savings Plan, Total assets ($B): 0.831539018 · Participants: 28776Hannaford Bros. Co., LLC Retirement Savings PlanThe Cianbro Team Equity Plan, Total assets ($B): 0.624114187 · Participants: 2575The Cianbro Team Equity Plan
Norway Savings Bank 401(k) Plan vs. nearby 401(k) plans in Maine, assets vs. participants
Compare Norway Savings Bank 401(k) Plan side-by-side with 3 peers →

Norway Savings Bank 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Maine, the nearest 401(k) by assets is Ray Skillman 401(k) Profit Sharing Plan in IN ($43M); by covered participants it is Steven Douglas Associates LLC 401(k) Profit Sharing Plan in FL (301 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($43M here).

Similar participant headcount

Nearest other-state filings by covered participants (301 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Norway Savings Bank 401(k) Plan assets move in 2022? ▼
Norway Savings Bank 401(k) Plan pulled back noticeably - down 11.1% during 2022, from $48M to $43M. Reported net income was -$5M.
How have Norway Savings Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Norway Savings Bank's sponsor-wide assets grew 29.8%, from $43M to $55M.
Where does Norway Savings Bank 401(k) Plan rank by assets among Form 5500 filers? ▼
Norway Savings Bank 401(k) Plan ranks in the 87th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Norway Savings Bank 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Ray Skillman 401(k) Profit Sharing Plan in IN ($43M, 791 participants).
Which 401(k) plans cover a similar participant headcount to Norway Savings Bank 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Steven Douglas Associates LLC 401(k) Profit Sharing Plan in FL (301 participants, $15M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 010130870.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.