Defined Benefit (Pension) · DOL Form 5500 · 2022

Franklin Savings Bank Pension Plan

Data updated 2026-08-25

$55M
Total assets Below avg plan size
92
Participants Small participant base
89th
Percentile by assets National rank
$593,929
Avg per participant High balance/head
PlainRetire home → About this data RSS: change history

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.

  • #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.

#7,575
in Finance & Insurance (9,261 peers)
-22.7%
assets change YoY
0.5×
vs typical plan assets (national mean)

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.

The Retirement Plan for Employees of Franklin Savings Bank's outsized position 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

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

The Retirement Plan for Employees of Franklin Savings Bank among smaller filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. The Retirement Plan for Employees of Franklin Savings Bank is a small filing (92 participants) on this national headcount ladder.

EBSA filing schedule strip

Filing strip 010072660 · Franklin Savings Bank PY 2022 · Defined Benefit (Pension)

The Retirement Plan for Employees of Franklin Savings Bank · $55M · 92 · 89th

  • BOOK $55M
  • BOOK 92
  • BOOK 89th
  • BOOK Defined Benefit (Pension)
  • BOOK near Capital Health Pension Plan
  • BOOK ind #7575

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 →

The Retirement Plan for Employees of Franklin Savings Bank in the asset neighbourhood

Capital Health Pension Plan$55MThe Retirement Plan for Employees of Franklin Savings BankThe Retirement Plan for Empl…$55MThe Legal Aid Society Retirement PlanThe Legal Aid Society Retire…$55MThe Stride Rite Corporation Retirement Income PlanThe Stride Rite Corporation …$55MKing's Daughters Medical Center Retirement PlanKing's Daughters Medical Cen…$55M
End-of-year total assets ($M) among The Retirement Plan for Employees of Franklin Savings Bank and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2022.

Scale-class filing particulars (2022)

Total Assets (Beginning of Year)$71M
Net Assets (End of Year)$55M
Net Income-$16M
Employer EIN010072660
Plan Effective Date1956-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Franklin Savings Bank)

Sponsor-wide plan assets over time

All Franklin Savings Bank plans reported in each filing year

Latest sponsor-wide plan assets
$77M 22.40773261778442% vs 2022
2024 filing year
$60M$65M$70M$75M$80M 202220232024 $62.6M $76.7M ▲ +22.4%
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 Scatter plot of 6 data points. -200002000400060008000 -0.500.511.5 Total assets ($B) Participants The Retirement Plan for Employees of Franklin Savings Bank, Total assets ($B): 0.054641424 · Participants: 92The Retirement Plan for Employees of Franklin Savings BankUnum Group Pension Plan, Total assets ($B): 1.331379027 · Participants: 3545Unum Group Pension PlanMaine Medical Center Pension Plan, Total assets ($B): 0.697294392 · Participants: 2933Maine Medical Center Pension PlanLegacy Chrysler Financial Employee Pension Plan, Total assets ($B): 0.54388522 · Participants: 265Legacy Chrysler Financial Employee Pension PlanTd Banknorth Inc. Pension Plan, Total assets ($B): 0.426889884 · Participants: 1730Td Banknorth Inc. Pension PlanNorthern Light Health Retirement Partnership Plan, Total assets ($B): 0.262602197 · Participants: 6070Northern Light Health Retirement Partnership Plan
The Retirement Plan for Employees of Franklin Savings Bank vs. nearby Defined Benefit (Pension) plans in Maine, assets vs. participants
Compare The Retirement Plan for Employees of Franklin Savings Bank side-by-side with 3 peers →

The Retirement Plan for Employees of Franklin Savings Bank's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Maine, the nearest Defined Benefit (Pension) by assets is Capital Health Pension Plan in NJ ($55M); by covered participants it is Howard Miller-Hekman Defined Benefit Pension Plan in MI (92 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (92 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 The Retirement Plan for Employees of Franklin Savings Bank assets move in 2022? ▼
The Retirement Plan for Employees of Franklin Savings Bank declined sharply - down 22.7% during 2022, from $71M to $55M. Reported net income was -$16M.
How have Franklin Savings Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Franklin Savings Bank's sponsor-wide assets grew 22.4%, from $63M to $77M.
Where does The Retirement Plan for Employees of Franklin Savings Bank rank by assets among Form 5500 filers? ▼
The Retirement Plan for Employees of Franklin Savings Bank ranks in the 89th 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 Defined Benefit (Pension) plans are similar in size to The Retirement Plan for Employees of Franklin Savings Bank? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Capital Health Pension Plan in NJ ($55M, 945 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to The Retirement Plan for Employees of Franklin Savings Bank? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Howard Miller-Hekman Defined Benefit Pension Plan in MI (92 participants, $24M 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 010072660.

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.