401(k) · DOL Form 5500 · 2023

Skowhegan Savings Bank 401(k) Plan

Data updated 2026-08-25

$13M
Total assets Small plan by assets
134
Participants Small participant base
65th
Percentile by assets National rank
$99,186
Avg per participant Below avg balance/head
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Official DOL plan name: Skowhegan Savings Bank 401(k) Retirement Plan · Sponsored by Skowhegan Savings Bank · Maine · Finance & Insurance

$13M in assets, 134 participants

Skowhegan Savings Bank's Skowhegan Savings Bank 401(k) Retirement Plan reported $13M in total assets and 134 participants in its 2023 DOL Form 5500 filing, ranking in the 65th 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.

  • #4,413 in Finance & Insurance (8,869 peers)

Coverage in Maine

Skowhegan Savings Bank 401(k) Retirement Plan covers 134 participants in Maine, about 28% of the average Maine filer (state average ~472 per filing). Assets: $13M.

#4,413
in Finance & Insurance (8,869 peers)
+11.8%
assets growth YoY

Skowhegan Savings Bank 401(k) Retirement Plan's mid-pack asset rank among Finance & Insurance and all filers

Skowhegan Savings Bank 401(k) Retirement Plan vs every filed plan by assets

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

$13,290,904 Top 35% higher than 65% 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

Skowhegan Savings Bank 401(k) Retirement 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. Skowhegan Savings Bank 401(k) Retirement Plan sits mid-pack in the medium band (134 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Skowhegan Savings Bank 401(k) Retirement Plan reported net income rose from -$3M in the plan year 2022 filing to $1M in the plan year 2023 filing.
  • Skowhegan Savings Bank 401(k) Retirement Plan end-of-year assets rose from $12M in the plan year 2022 filing to $13M in the plan year 2023 filing.
  • Skowhegan Savings Bank 401(k) Retirement Plan reported participants rose from 128 in the plan year 2022 filing to 134 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 010160050 · Skowhegan Savings Bank PY 2023 · 401(k)

Skowhegan Savings Bank 401(k) Retirement Plan · $13M · 134 · 65th

  • IND $13M
  • IND 134
  • IND 65th
  • IND 401(k)
  • IND near Bleakley, Cypher, Parent, Warren & Quinn, P.C. 401(k) Profit Sharing Plan
  • IND ind #4413

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 →

Skowhegan Savings Bank 401(k) Retirement Plan in the asset neighbourhood

Skowhegan Savings Bank 401(k) Retirement PlanSkowhegan Savings Bank 401(k…$13MBleakley, Cypher, Parent, Warren & Quinn, P.C. 401(k) Profit Sharing PlanBleakley, Cypher, Parent, Wa…$13MNashville Dental, Inc. 401(k) PlanNashville Dental, Inc. 401(k…$13MCcj & Associates, LLC 401(k) PlanCcj & Associates, LLC 401(k)…$13MIdentity Group 401(k) Plan$13M
End-of-year total assets ($M) among Skowhegan Savings Bank 401(k) Retirement Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Maine filing particulars

Total Assets (Beginning of Year)$12M
Net Assets (End of Year)$13M
Net Income$1M
Employer EIN010160050
Plan Effective Date1996-03-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Skowhegan Savings Bank)

Sponsor-wide plan assets over time

All Skowhegan Savings Bank plans reported in each filing year

Latest sponsor-wide plan assets
$15M 28.89980367184618% vs 2022
2024 filing year
$10M$12M$14M$16M 202220232024 $11.9M $15.3M ▲ +28.9%
Year Plans Participants Total Assets
2022 1 128 $12M
2023 1 134 $13M
2024 1 143 $15M

Nearby 401(k) Plans in Maine

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

Skowhegan Savings Bank 401(k) Retirement Plan vs. nearby 401(k) plans in Maine, assets vs. participants Scatter plot of 6 data points. -10000010000200003000040000 -20246 Total assets ($B) Participants Skowhegan Savings Bank 401(k) Retirement Plan, Total assets ($B): 0.013290904 · Participants: 134Skowhegan Savings Bank 401(k) Retirement 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
Skowhegan Savings Bank 401(k) Retirement Plan vs. nearby 401(k) plans in Maine, assets vs. participants
Compare Skowhegan Savings Bank 401(k) Retirement Plan side-by-side with 3 peers →

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

Outside Maine, the nearest 401(k) by assets is Bleakley, Cypher, Parent, Warren & Quinn, P.C. 401(k) Profit Sharing Plan in MI ($13M); by covered participants it is Reed Oil Company 401(k) Profit Sharing Plan in PA (134 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (134 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 Skowhegan Savings Bank 401(k) Retirement Plan assets move in 2023? ▼
Skowhegan Savings Bank 401(k) Retirement Plan grew at a solid clip - up 11.8% during 2023, from $12M to $13M. Reported net income was $1M.
How have Skowhegan Savings Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Skowhegan Savings Bank's sponsor-wide assets grew 28.9%, from $12M to $15M.
Which 401(k) plans are similar in size to Skowhegan Savings Bank 401(k) Retirement Plan? ▼
Among 401(k) plans in other states, the closest by assets is Bleakley, Cypher, Parent, Warren & Quinn, P.C. 401(k) Profit Sharing Plan in MI ($13M, 28 participants).
Which 401(k) plans cover a similar participant headcount to Skowhegan Savings Bank 401(k) Retirement Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Reed Oil Company 401(k) Profit Sharing Plan in PA (134 participants, $15M 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 010160050.

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.