401(k) · DOL Form 5500 · 2022

Gorham Savings Bank 401(k) Plan

Data updated 2026-08-25

$29M
Total assets Below avg plan size
202
Participants Below avg headcount
82nd
Percentile by assets National rank
$142,390
Avg per participant Near avg balance/head
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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.

  • #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.

#6,621
in Finance & Insurance (9,261 peers)
-0.9%
assets change YoY
0.3×
vs typical plan assets (national mean)

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.

Gorham Savings Bank 401(k) Incentive Savings Plan's outsized position 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

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

Gorham Savings Bank 401(k) Incentive Savings 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. Gorham Savings Bank 401(k) Incentive Savings Plan sits mid-pack in the medium band (202 participants).

Plan-year Form 5500 strip

Filing strip 010078890 · Gorham Savings Bank PY 2022 · 401(k)

Gorham Savings Bank 401(k) Incentive Savings Plan · $29M · 202 · 82nd

  • EBSA $29M
  • PART 202
  • TYPE 82nd
  • NET 401(k)
  • BOOK near Wesleylife 401(k) Profit Sharing Plan
  • VS-ST ind #6621

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 →

Gorham Savings Bank 401(k) Incentive Savings Plan in the asset neighbourhood

Gorham Savings Bank 401(k) Incentive Savings PlanGorham Savings Bank 401(k) I…$29MWesleylife 401(k) Profit Sharing PlanWesleylife 401(k) Profit Sha…$29MMch Professional Care 401(k) TrustMch Professional Care 401(k)…$29MAlexander & Associates Co. Profit Sharing and 401(k) PlanAlexander & Associates Co. P…$29MCar Sound Exhaust System, Inc. 401(k) Profit Sharing PlanCar Sound Exhaust System, In…$29M
End-of-year total assets ($M) among Gorham Savings Bank 401(k) Incentive Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Maine filing particulars

Total Assets (Beginning of Year)$29M
Net Assets (End of Year)$29M
Net Income-$272K
Employer EIN010078890
Plan Effective Date1986-03-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Gorham Savings Bank)

Sponsor-wide plan assets over time

All Gorham Savings Bank plans reported in each filing year

Latest sponsor-wide plan assets
$38M 30.42203618899365% vs 2022
2024 filing year
$25M$30M$35M$40M 202220232024 $28.8M $37.5M ▲ +30.4%
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 Scatter plot of 6 data points. -10000010000200003000040000 -1012345 Total assets ($B) Participants Gorham Savings Bank 401(k) Incentive Savings Plan, Total assets ($B): 0.028762723 · Participants: 202Gorham Savings Bank 401(k) Incentive Savings 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
Gorham Savings Bank 401(k) Incentive Savings Plan vs. nearby 401(k) plans in Maine, assets vs. participants
Compare Gorham Savings Bank 401(k) Incentive Savings Plan side-by-side with 3 peers →

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

Outside Maine, the nearest 401(k) by assets is Wesleylife 401(k) Profit Sharing Plan in IA ($29M); by covered participants it is American Products, LLC 401(k) Profit Sharing Plan in MO (202 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (202 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 Gorham Savings Bank 401(k) Incentive Savings Plan assets move in 2022? ▼
Gorham Savings Bank 401(k) Incentive Savings Plan held essentially flat - down 0.9% during 2022, from $29M to $29M. Reported net income was -$272K.
How have Gorham Savings Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Gorham Savings Bank's sponsor-wide assets grew 30.4%, from $29M to $38M.
Where does Gorham Savings Bank 401(k) Incentive Savings Plan rank by assets among Form 5500 filers? ▼
Gorham Savings Bank 401(k) Incentive Savings Plan ranks in the 82nd 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 Gorham Savings Bank 401(k) Incentive Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is Wesleylife 401(k) Profit Sharing Plan in IA ($29M, 1,246 participants).
Which 401(k) plans cover a similar participant headcount to Gorham Savings Bank 401(k) Incentive Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is American Products, LLC 401(k) Profit Sharing Plan in MO (202 participants, N/A 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 010078890.

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.