401(k) · DOL Form 5500 · 2023

Kennebec Savings Bank 401(k) Plan

Data updated 2026-08-25

$43M
Total assets Below avg plan size
190
Participants Below avg headcount
84th
Percentile by assets National rank
$228,051
Avg per participant Above avg balance/head
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Official DOL plan name: Kennebec Savings Bank 401(k) Savings Plan and Trust · Sponsored by Kennebec Savings Bank · Maine · Finance & Insurance

$43M in assets, 190 participants

Kennebec Savings Bank's Kennebec Savings Bank 401(k) Savings Plan and Trust reported $43M in total assets and 190 participants in its 2023 DOL Form 5500 filing, ranking in the 84th 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.

  • #6,686 in Finance & Insurance (8,869 peers)

Coverage in Maine

Kennebec Savings Bank 401(k) Savings Plan and Trust covers 190 participants in Maine, about 40% of the average Maine filer (state average ~472 per filing). Assets: $43M.

#6,686
in Finance & Insurance (8,869 peers)
+17.8%
assets growth YoY
0.4×
vs typical plan assets (national mean)

Kennebec Savings Bank 401(k) Savings Plan and Trust's outsized position by total assets

Kennebec Savings Bank 401(k) Savings Plan and Trust vs every filed plan by assets

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

$43,329,685 Top 16% higher than 84% 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

Kennebec Savings Bank 401(k) Savings Plan and Trust 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. Kennebec Savings Bank 401(k) Savings Plan and Trust sits mid-pack in the medium band (190 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Kennebec Savings Bank 401(k) Savings Plan and Trust reported net income rose from -$6M in the plan year 2022 filing to $7M in the plan year 2023 filing.
  • Kennebec Savings Bank 401(k) Savings Plan and Trust end-of-year assets rose from $37M in the plan year 2022 filing to $43M in the plan year 2023 filing.
  • Kennebec Savings Bank 401(k) Savings Plan and Trust reported participants rose from 182 in the plan year 2022 filing to 190 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 010100490 · Kennebec Savings Bank PY 2023 · 401(k)

Kennebec Savings Bank 401(k) Savings Plan and Trust · $43M · 190 · 84th

  • NET $43M
  • BOOK 190
  • VS-ST 84th
  • BOY 401(k)
  • SCH near Itu Absorbtech Retirement Plan
  • EBSA ind #6686

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 →

Kennebec Savings Bank 401(k) Savings Plan and Trust in the asset neighbourhood

Luxoft 401(k) Plan$43MKennebec Savings Bank 401(k) Savings Plan and TrustKennebec Savings Bank 401(k)…$43MItu Absorbtech Retirement PlanItu Absorbtech Retirement Pl…$43MMozarc Medical Savings and Investment PlanMozarc Medical Savings and I…$43MCarolinas Pathology Group, P.a. Profit Sharing PlanCarolinas Pathology Group, P…$43M
End-of-year total assets ($M) among Kennebec Savings Bank 401(k) Savings Plan and Trust and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Maine filing particulars

Total Assets (Beginning of Year)$37M
Net Assets (End of Year)$43M
Net Income$7M
Employer EIN010100490
Plan Effective Date1993-03-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Kennebec Savings Bank)

Sponsor-wide plan assets over time

All Kennebec Savings Bank plans reported in each filing year

Latest sponsor-wide plan assets
$50M 36.118982010986805% vs 2022
2024 filing year
$35M$40M$45M$50M$55M 202220232024 $36.8M $50.1M ▲ +36.1%
Year Plans Participants Total Assets
2022 1 182 $37M
2023 1 190 $43M
2024 1 203 $50M

Nearby 401(k) Plans in Maine

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

Kennebec Savings Bank 401(k) Savings Plan and Trust vs. nearby 401(k) plans in Maine, assets vs. participants Scatter plot of 6 data points. -10000010000200003000040000 -20246 Total assets ($B) Participants Kennebec Savings Bank 401(k) Savings Plan and Trust, Total assets ($B): 0.043329685 · Participants: 190Kennebec Savings Bank 401(k) Savings Plan and TrustTd 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
Kennebec Savings Bank 401(k) Savings Plan and Trust vs. nearby 401(k) plans in Maine, assets vs. participants
Compare Kennebec Savings Bank 401(k) Savings Plan and Trust side-by-side with 3 peers →

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

Outside Maine, the nearest 401(k) by assets is Itu Absorbtech Retirement Plan in WI ($43M); by covered participants it is Nextpoint Group, LLC 401(k) Plan in VA (190 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($43M here).

Similar participant headcount

Nearest other-state filings by covered participants (190 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 Kennebec Savings Bank 401(k) Savings Plan and Trust assets move in 2023? ▼
Kennebec Savings Bank 401(k) Savings Plan and Trust grew sharply - up 17.8% during 2023, from $37M to $43M. Reported net income was $7M.
How have Kennebec Savings Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Kennebec Savings Bank's sponsor-wide assets grew 36.1%, from $37M to $50M.
Where does Kennebec Savings Bank 401(k) Savings Plan and Trust rank by assets among Form 5500 filers? ▼
Kennebec Savings Bank 401(k) Savings Plan and Trust ranks in the 84th 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 Kennebec Savings Bank 401(k) Savings Plan and Trust? ▼
Among 401(k) plans in other states, the closest by assets is Itu Absorbtech Retirement Plan in WI ($43M, 444 participants).
Which 401(k) plans cover a similar participant headcount to Kennebec Savings Bank 401(k) Savings Plan and Trust? ▼
Among 401(k) plans in other states, the closest by covered participants is Nextpoint Group, LLC 401(k) Plan in VA (190 participants, $36M 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 010100490.

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.