401(k) · DOL Form 5500 · 2022
Gorham Savings Bank 401(k) Plan
Data updated 2026-08-11
- $29M
- Total assets
- 202
- Participants
- 82nd
- Percentile by assets
- $142,390
- Avg per participant
Official DOL plan name: Gorham Savings Bank 401(k) Incentive Savings Plan · Sponsored by Gorham Savings Bank · Maine · Finance & Insurance
$29M in assets, 202 participants
Gorham Savings Bank's Gorham Savings Bank 401(k) Incentive Savings Plan reported $29M in total assets and 202 participants in its 2022 DOL Form 5500 filing, ranking in the 82nd 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.
- 82nd percentile by assets (of 139,126 plans)
- #6,621 in Finance & Insurance (9,261 peers)
Coverage in Maine
Gorham Savings Bank 401(k) Incentive Savings Plan covers 202 participants in Maine, about 43% of the average Maine filer (state average ~472 per filing). Assets: $29M.
- $29M
- total plan assets (2022 EOY)
- 202
- covered participants
- 82nd
- percentile by assets (of 139,126 plans)
- $142,390
- avg assets per participant
The plan reported a net loss of $272K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Where Gorham Savings Bank 401(k) Incentive Savings Plan sits by total assets
Gorham Savings Bank 401(k) Incentive Savings Plan vs every filed plan by assets
End-of-year total assets · plan year 2022 · DOL Form 5500
$28,762,723 Top 18% higher than 82% 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. Gorham Savings Bank 401(k) Incentive Savings Plan reports 202 participants - about 43% of that state average ($29M EOY assets).
Maine filing particulars
| Total Assets (Beginning of Year) | $29M |
|---|---|
| Net Assets (End of Year) | $29M |
| Net Income | -$272K |
| Employer EIN | 010078890 |
| Plan Effective Date | 1986-03-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Gorham Savings Bank)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 202 | $29M |
| 2023 | 1 | 205 | $35M |
| 2024 | 1 | 200 | $38M |
Nearby 401(k) Plans in Maine
Peer 401(k) plans, same state, same plan type, ranked by total assets.
Gorham Savings Bank 401(k) Incentive Savings Plan vs. nearby 401(k) plans in Maine, assets vs. participants
- 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 Gorham Savings Bank 401(k) Incentive Savings Plan by total assets, not by location.
Frequently Asked Questions
How did Gorham Savings Bank 401(k) Incentive Savings Plan assets move in 2022? ▼
How have Gorham Savings Bank plan assets changed over time? ▼
Where does Gorham Savings Bank 401(k) Incentive Savings Plan rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to Gorham Savings Bank 401(k) Incentive Savings Plan? ▼
Next read for Gorham Savings Bank 401(k) Incentive Sav…
Filing takeaways
Ways to act on Gorham Savings Bank 401(k) Incentive Savings Plan's numbers.
- By total assets, Gorham Savings Bank 401(k) Incentive Savings Plan ranks in the top quartile 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
- Gorham Savings Bank's sponsor-wide assets have grown 30.4% since 2022 across 3 plan years on file. More Finance & Insurance plans