401(k) · DOL Form 5500 · 2022
Bangor Savings Bank 401(k) Plan
Data updated 2026-08-11
- $126M
- Total assets
- 1,050
- Participants
- 94th
- Percentile by assets
- $119,851
- Avg per participant
Official DOL plan name: Bangor Savings Bank 401(k) Plan & Trust Agreement · Sponsored by Bangor Savings Bank · Maine · Finance & Insurance
$126M in assets, 1,050 participants
Bangor Savings Bank's Bangor Savings Bank 401(k) Plan & Trust Agreement reported $126M in total assets and 1,050 participants in its 2022 DOL Form 5500 filing, ranking in the 94th 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.
- 94th percentile by assets (of 139,126 plans)
- #8,336 in Finance & Insurance (9,261 peers)
Coverage in Maine
Bangor Savings Bank 401(k) Plan & Trust Agreement covers 1,050 participants in Maine, 2.2x the typical Maine plan (state average ~472 per filing). Assets: $126M.
- $126M
- total plan assets (2022 EOY)
- 1,050
- covered participants
- 94th
- percentile by assets (of 139,126 plans)
- $119,851
- avg assets per participant
The plan reported a net loss of $23M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Where Bangor Savings Bank 401(k) Plan & Trust Agreement sits by total assets
Bangor Savings Bank 401(k) Plan & Trust Agreement vs every filed plan by assets
End-of-year total assets · plan year 2022 · DOL Form 5500
$125,843,771 Top 6% higher than 94% 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
Participants vs Maine filers
In Maine, the average filing covers about 472 participants across 561 plans. Bangor Savings Bank 401(k) Plan & Trust Agreement reports 1,050 participants - 2.2x that state average ($126M EOY assets).
Maine filing particulars
| Total Assets (Beginning of Year) | $148M |
|---|---|
| Net Assets (End of Year) | $126M |
| Net Income | -$23M |
| Employer EIN | 010024610 |
| Plan Effective Date | 1989-02-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Bangor Savings Bank)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 1,050 | $126M |
| 2023 | 1 | 1,045 | $151M |
| 2024 | 1 | 1,041 | $167M |
Nearby 401(k) Plans in Maine
Peer 401(k) plans, same state, same plan type, ranked by total assets.
- Td 401(k) Retirement Plan $4.1B · 26,725
- Unum Group 401(k) Retirement Plan $1.8B · 9,051
- Idexx Retirement and Incentive Savings Plan $834M · 6,436
- Hannaford Bros. Co., LLC Retirement Savings Plan $832M · 28,776
- The Cianbro Team Equity Plan $624M · 2,575
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Bangor Savings Bank 401(k) Plan & Trust Agreement by total assets, not by location.
- Permanente Dental Associates 401(k) Retirement Plan (OR) $126M · 171
- Cellmark Profit Sharing Plan and Trust (CT) $126M · 503
- Ykk 401(k) Retirement Plan (GA) $126M · 1,013
- Quidel Savings and Retirement Plan (CA) $126M · 1,452
Frequently Asked Questions
How did Bangor Savings Bank 401(k) Plan & Trust Agreement assets move in 2022? ▼
How have Bangor Savings Bank plan assets changed over time? ▼
Where does Bangor Savings Bank 401(k) Plan & Trust Agreement rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to Bangor Savings Bank 401(k) Plan & Trust Agreement? ▼
Next read for Bangor Savings Bank 401(k) Plan & Trust …
Filing takeaways
Ways to act on Bangor Savings Bank 401(k) Plan & Trust Agreement's numbers.
- By total assets, Bangor Savings Bank 401(k) Plan & Trust Agreement ranks in the top 10% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in Maine. Compare plans
- Bangor Savings Bank's sponsor-wide assets have grown 32.6% since 2022 across 3 plan years on file. More Finance & Insurance plans