Defined Benefit (Pension) · DOL Form 5500 · 2022
Franklin Savings Bank Pension Plan
Data updated 2026-08-11
- $55M
- Total assets
- 92
- Participants
- 89th
- Percentile by assets
- $593,929
- Avg per participant
Official DOL plan name: The Retirement Plan for Employees of Franklin Savings Bank · Sponsored by Franklin Savings Bank · Maine · Finance & Insurance
$55M in assets, 92 participants
Franklin Savings Bank's The Retirement Plan for Employees of Franklin Savings Bank reported $55M in total assets and 92 participants in its 2022 DOL Form 5500 filing, ranking in the 89th 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.
- 89th percentile by assets (of 139,126 plans)
- #7,575 in Finance & Insurance (9,261 peers)
Where The Retirement Plan for Employees of Franklin Savings Bank sits by assets
The Retirement Plan for Employees of Franklin Savings Bank sits in the top quartile of all filed plans by assets, $55M for 92 participants (~$593,929/participant), down 22.7% in 2022.
- $55M
- total plan assets (2022 EOY)
- 92
- covered participants
- 89th
- percentile by assets (of 139,126 plans)
- $593,929
- avg assets per participant
The plan reported a net loss of $16M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Where The Retirement Plan for Employees of Franklin Savings Bank sits by total assets
The Retirement Plan for Employees of Franklin Savings Bank vs every filed plan by assets
End-of-year total assets · plan year 2022 · DOL Form 5500
$54,641,424 Top 11% higher than 89% of 139,123 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022
The Retirement Plan for Employees of Franklin Savings Bank vs the 2022 asset distribution
By assets, The Retirement Plan for Employees of Franklin Savings Bank outranks 89% of the 139,126 plans that filed a Form 5500 for the 2022 plan year, and holds roughly 0.5x the national average plan size of $100M (721 average participants).
Scale-class filing particulars (2022)
| Total Assets (Beginning of Year) | $71M |
|---|---|
| Net Assets (End of Year) | $55M |
| Net Income | -$16M |
| Employer EIN | 010072660 |
| Plan Effective Date | 1956-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Franklin Savings Bank)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 207 | $63M |
| 2023 | 2 | 233 | $71M |
| 2024 | 2 | 244 | $77M |
Nearby Defined Benefit (Pension) Plans in Maine
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
The Retirement Plan for Employees of Franklin Savings Bank vs. nearby Defined Benefit (Pension) plans in Maine, assets vs. participants
- Unum Group Pension Plan $1.3B · 3,545
- Maine Medical Center Pension Plan $697M · 2,933
- Legacy Chrysler Financial Employee Pension Plan $544M · 265
- Td Banknorth Inc. Pension Plan $427M · 1,730
- Northern Light Health Retirement Partnership Plan $263M · 6,070
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to The Retirement Plan for Employees of Franklin Savings Bank by total assets, not by location.
Frequently Asked Questions
How did The Retirement Plan for Employees of Franklin Savings Bank assets move in 2022? ▼
How have Franklin Savings Bank plan assets changed over time? ▼
Where does The Retirement Plan for Employees of Franklin Savings Bank rank by assets among Form 5500 filers? ▼
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Ways to act on The Retirement Plan for Employees of Franklin Savings Bank's numbers.
- By total assets, The Retirement Plan for Employees of Franklin Savings Bank ranks in the top quartile of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in Maine. Compare plans
- Franklin Savings Bank's sponsor-wide assets have grown 22.4% since 2022 across 3 plan years on file. More Finance & Insurance plans