401(k) · DOL Form 5500 · 2023
Bangor Savings Bank 401(k) Plan
Data updated 2026-08-11
- $151M
- Total assets
- 1,045
- Participants
- 94th
- Percentile by assets
- $144,701
- Avg per participant
Official DOL plan name: Bangor Savings Bank 401(k) Plan & Trust Agreement · Sponsored by Bangor Savings Bank · Maine · Finance & Insurance
$151M in assets, 1,045 participants
Bangor Savings Bank's Bangor Savings Bank 401(k) Plan & Trust Agreement reported $151M in total assets and 1,045 participants in its 2023 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 127,072 plans)
- #7,982 in Finance & Insurance (8,869 peers)
Coverage in Maine
Bangor Savings Bank 401(k) Plan & Trust Agreement covers 1,045 participants in Maine, 2.2x the typical Maine plan (state average ~472 per filing). Assets: $151M.
- $151M
- total plan assets (2023 EOY)
- 1,045
- covered participants
- 94th
- percentile by assets (of 127,072 plans)
- $144,701
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Bangor Savings Bank 401(k) Plan & Trust Agreement reported net income rose from -$23M in the plan year 2022 filing to $25M in the plan year 2023 filing.
- Bangor Savings Bank 401(k) Plan & Trust Agreement end-of-year assets rose from $126M in the plan year 2022 filing to $151M in the plan year 2023 filing.
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 1,045 participants - 2.2x that state average ($151M EOY assets).
Maine filing particulars
| Total Assets (Beginning of Year) | $126M |
|---|---|
| Net Assets (End of Year) | $151M |
| Net Income | $25M |
| 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.
Bangor Savings Bank 401(k) Plan & Trust Agreement vs. nearby 401(k) plans in Maine, assets vs. participants
- Td 401(k) Retirement Plan $4.9B · 30,094
- Unum Group 401(k) Retirement Plan $2.2B · 9,604
- Idexx Retirement and Incentive Savings Plan $1.0B · 6,594
- Hannaford Bros. Co. 401(k) Plan $986M · 29,370
- L.L. Bean 401(k) Retirement Savings Plan $721M · 7,173
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.
- United Fire Group 401(k) Plan (IA) $151M · 1,096
- Penn Engineering 401(k) Plan (PA) $151M · 807
- 401(k) Profit Sharing Plan of Charlotte Eye, Ear, Nose & Throat Associates, P. a. (NC) $151M · 612
- Robert Half Inc. 401(k) Plan for Contract Talent and Full-Time Engagement Professionals (CA) $151M · 44,082
Frequently Asked Questions
How did Bangor Savings Bank 401(k) Plan & Trust Agreement assets move in 2023? ▼
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