401(k) · DOL Form 5500 · 2023

Bar Harbor Bankshares 401(k) Plan

Data updated 2026-08-25

$55M
Total assets Below avg plan size
496
Participants Below avg headcount
86th
Percentile by assets National rank
$111,254
Avg per participant Below avg balance/head
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Official DOL plan name: Bar Harbor Bankshares 401(k) Plan · Sponsored by Bar Harbor Bankshares · Maine · Finance & Insurance

$55M in assets, 496 participants

Bar Harbor Bankshares's Bar Harbor Bankshares 401(k) Plan reported $55M in total assets and 496 participants in its 2023 DOL Form 5500 filing, ranking in the 86th 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.

  • #7,035 in Finance & Insurance (8,869 peers)

Where Bar Harbor Bankshares 401(k) Plan sits by assets

Bar Harbor Bankshares 401(k) Plan sits in the top quartile of all filed plans by assets, $55M for 496 participants (~$111,254/participant), up 16.4% in 2023.

#7,035
in Finance & Insurance (8,869 peers)
+16.4%
assets growth YoY
0.6×
vs typical plan assets (national mean)

Bar Harbor Bankshares 401(k) Plan's outsized position by total assets

Bar Harbor Bankshares 401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$55,182,107 Top 14% higher than 86% of 127,068 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 2023

Bar Harbor Bankshares 401(k) Plan among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Bar Harbor Bankshares 401(k) Plan sits mid-pack in the medium band (496 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Bar Harbor Bankshares 401(k) Plan reported net income rose from -$8M in the plan year 2022 filing to $8M in the plan year 2023 filing.
  • Bar Harbor Bankshares 401(k) Plan end-of-year assets rose from $47M in the plan year 2022 filing to $55M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 010393663 · Bar Harbor Bankshares PY 2023 · 401(k)

Bar Harbor Bankshares 401(k) Plan · $55M · 496 · 86th

  • NET $55M
  • NET 496
  • NET 86th
  • NET 401(k)
  • NET near American Nurses Association Retirement Savings Plan
  • NET ind #7035

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 →

Bar Harbor Bankshares 401(k) Plan in the asset neighbourhood

Local 344 Annuity Fund Plan$55MRadiology Consultants of Iowa, PLC 401(k) PlanRadiology Consultants of Iow…$55MBar Harbor Bankshares 401(k) PlanBar Harbor Bankshares 401(k)…$55MAmerican Nurses Association Retirement Savings PlanAmerican Nurses Association …$55MAspen Hr Peo LLC Retirement Savings PlanAspen Hr Peo LLC Retirement …$55M
End-of-year total assets ($M) among Bar Harbor Bankshares 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$47M
Net Assets (End of Year)$55M
Net Income$8M
Employer EIN010393663
Plan Effective Date1988-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Bar Harbor Bankshares)

Sponsor-wide plan assets over time

All Bar Harbor Bankshares plans reported in each filing year

Latest sponsor-wide plan assets
$72M 51.250864688725336% vs 2022
2024 filing year
$40M$50M$60M$70M$80M 202220232024 $47.4M $71.7M ▲ +51.2%
Year Plans Participants Total Assets
2022 1 496 $47M
2023 1 496 $55M
2024 2 475 $72M

Nearby 401(k) Plans in Maine

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Bar Harbor Bankshares 401(k) Plan vs. nearby 401(k) plans in Maine, assets vs. participants Scatter plot of 6 data points. -10000010000200003000040000 -20246 Total assets ($B) Participants Bar Harbor Bankshares 401(k) Plan, Total assets ($B): 0.055182107 · Participants: 496Bar Harbor Bankshares 401(k) PlanTd 401(k) Retirement Plan, Total assets ($B): 4.942173822 · Participants: 30094Td 401(k) Retirement PlanUnum Group 401(k) Retirement Plan, Total assets ($B): 2.163858906 · Participants: 9604Unum Group 401(k) Retirement PlanIdexx Retirement and Incentive Savings Plan, Total assets ($B): 1.048053529 · Participants: 6594Idexx Retirement and Incentive Savings PlanHannaford Bros. Co. 401(k) Plan, Total assets ($B): 0.986043827 · Participants: 29370Hannaford Bros. Co. 401(k) PlanL.L. Bean 401(k) Retirement Savings Plan, Total assets ($B): 0.721305706 · Participants: 7173L.L. Bean 401(k) Retirement Savings Plan
Bar Harbor Bankshares 401(k) Plan vs. nearby 401(k) plans in Maine, assets vs. participants
Compare Bar Harbor Bankshares 401(k) Plan side-by-side with 3 peers →

Bar Harbor Bankshares 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Maine, the nearest 401(k) by assets is American Nurses Association Retirement Savings Plan in MD ($55M); by covered participants it is Slakey Brothers, Inc. Profit Sharing 401(k) Plan in CA (496 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($55M here).

Similar participant headcount

Nearest other-state filings by covered participants (496 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Bar Harbor Bankshares 401(k) Plan assets move in 2023? ▼
Bar Harbor Bankshares 401(k) Plan grew sharply - up 16.4% during 2023, from $47M to $55M. Reported net income was $8M.
How have Bar Harbor Bankshares plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Bar Harbor Bankshares's sponsor-wide assets grew 51.3%, from $47M to $72M.
Where does Bar Harbor Bankshares 401(k) Plan rank by assets among Form 5500 filers? ▼
Bar Harbor Bankshares 401(k) Plan ranks in the 86th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Bar Harbor Bankshares 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is American Nurses Association Retirement Savings Plan in MD ($55M, 282 participants).
Which 401(k) plans cover a similar participant headcount to Bar Harbor Bankshares 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Slakey Brothers, Inc. Profit Sharing 401(k) Plan in CA (496 participants, $41M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 010393663.

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.