401(k) · DOL Form 5500 · 2023

Norway Savings Bank 401(k) Plan

Data updated 2026-08-25

$49M
Total assets Below avg plan size
304
Participants Below avg headcount
85th
Percentile by assets National rank
$162,104
Avg per participant Above avg balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Norway Savings Bank 401(k) Plan · Sponsored by Norway Savings Bank · Maine · Finance & Insurance

$49M in assets, 304 participants

Norway Savings Bank's Norway Savings Bank 401(k) Plan reported $49M in total assets and 304 participants in its 2023 DOL Form 5500 filing, ranking in the 85th 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.

  • #6,875 in Finance & Insurance (8,869 peers)

Where Norway Savings Bank 401(k) Plan sits by assets

Norway Savings Bank 401(k) Plan sits in the top quartile of all filed plans by assets, $49M for 304 participants (~$162,104/participant), up 15.3% in 2023.

#6,875
in Finance & Insurance (8,869 peers)
+15.3%
assets growth YoY
0.5×
vs typical plan assets (national mean)

Norway Savings Bank 401(k) Plan's outsized position by total assets

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

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

$49,279,599 Top 15% higher than 85% 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

Norway Savings Bank 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. Norway Savings Bank 401(k) Plan sits mid-pack in the medium band (304 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Norway Savings Bank 401(k) Plan reported net income rose from -$5M in the plan year 2022 filing to $7M in the plan year 2023 filing.
  • Norway Savings Bank 401(k) Plan end-of-year assets rose from $43M in the plan year 2022 filing to $49M in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 010130870 · Norway Savings Bank PY 2023 · 401(k)

Norway Savings Bank 401(k) Plan · $49M · 304 · 85th

  • EIN $49M
  • RANK 304
  • PHOTO 85th
  • IND 401(k)
  • EOY near New Indy Container Board Packaging 401(k) Retirement Plan
  • 5500 ind #6875

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 →

Norway Savings Bank 401(k) Plan in the asset neighbourhood

Intermedia.Net 401(k) Plan$49MNorway Savings Bank 401(k) PlanNorway Savings Bank 401(k) P…$49MNew Indy Container Board Packaging 401(k) Retirement PlanNew Indy Container Board Pac…$49MAmerivet Veterinary Partners 401(k) PlanAmerivet Veterinary Partners…$49MRogers-O'brien Construction Company, LLC 401(k) PlanRogers-O'brien Construction …$49M
End-of-year total assets ($M) among Norway Savings Bank 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)$43M
Net Assets (End of Year)$49M
Net Income$7M
Employer EIN010130870
Plan Effective Date1996-10-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Norway Savings Bank)

Sponsor-wide plan assets over time

All Norway Savings Bank plans reported in each filing year

Latest sponsor-wide plan assets
$55M 29.768148986552067% vs 2022
2024 filing year
$40M$45M$50M$55M$60M 202220232024 $42.7M $55.5M ▲ +29.8%
Year Plans Participants Total Assets
2022 1 301 $43M
2023 1 304 $49M
2024 1 302 $55M

Nearby 401(k) Plans in Maine

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

Norway Savings Bank 401(k) Plan vs. nearby 401(k) plans in Maine, assets vs. participants Scatter plot of 6 data points. -10000010000200003000040000 -20246 Total assets ($B) Participants Norway Savings Bank 401(k) Plan, Total assets ($B): 0.049279599 · Participants: 304Norway Savings Bank 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
Norway Savings Bank 401(k) Plan vs. nearby 401(k) plans in Maine, assets vs. participants
Compare Norway Savings Bank 401(k) Plan side-by-side with 3 peers →

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

Outside Maine, the nearest 401(k) by assets is New Indy Container Board Packaging 401(k) Retirement Plan in CA ($49M); by covered participants it is Kemba Financial Credit Union, Inc. 401(k) Profit Sharing Plan in OH (304 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (304 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 Norway Savings Bank 401(k) Plan assets move in 2023? ▼
Norway Savings Bank 401(k) Plan grew sharply - up 15.3% during 2023, from $43M to $49M. Reported net income was $7M.
How have Norway Savings Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Norway Savings Bank's sponsor-wide assets grew 29.8%, from $43M to $55M.
Where does Norway Savings Bank 401(k) Plan rank by assets among Form 5500 filers? ▼
Norway Savings Bank 401(k) Plan ranks in the 85th 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 Norway Savings Bank 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is New Indy Container Board Packaging 401(k) Retirement Plan in CA ($49M, 1,163 participants).
Which 401(k) plans cover a similar participant headcount to Norway Savings Bank 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Kemba Financial Credit Union, Inc. 401(k) Profit Sharing Plan in OH (304 participants, $27M 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 010130870.

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.