Defined Benefit (Pension) · DOL Form 5500 · 2023

Franklin Savings Bank Pension Plan

Data updated 2026-08-25

$61M
Total assets Below avg plan size
99
Participants Small participant base
87th
Percentile by assets National rank
$620,118
Avg per participant High balance/head
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Official DOL plan name: The Retirement Plan for Employees of Franklin Savings Bank · Sponsored by Franklin Savings Bank · Maine · Finance & Insurance

$61M in assets, 99 participants

Franklin Savings Bank's The Retirement Plan for Employees of Franklin Savings Bank reported $61M in total assets and 99 participants in its 2023 DOL Form 5500 filing, ranking in the 87th 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.

  • #7,168 in Finance & Insurance (8,869 peers)

Where The Retirement Plan for Employees of Franklin Savings Bank sits by assets

The Retirement Plan for Employees of Franklin Savings Bank sits in the top quartile of all filed plans by assets, $61M for 99 participants (~$620,118/participant), up 12.4% in 2023.

#7,168
in Finance & Insurance (8,869 peers)
+12.4%
assets growth YoY
0.6×
vs typical plan assets (national mean)

The Retirement Plan for Employees of Franklin Savings Bank's outsized position by total assets

The Retirement Plan for Employees of Franklin Savings Bank vs every filed plan by assets

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

$61,391,633 Top 13% higher than 87% 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

The Retirement Plan for Employees of Franklin Savings Bank among smaller filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. The Retirement Plan for Employees of Franklin Savings Bank is a small filing (99 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • The Retirement Plan for Employees of Franklin Savings Bank reported net income rose from -$16M in the plan year 2022 filing to $7M in the plan year 2023 filing.
  • The Retirement Plan for Employees of Franklin Savings Bank end-of-year assets rose from $55M in the plan year 2022 filing to $61M in the plan year 2023 filing.
  • The Retirement Plan for Employees of Franklin Savings Bank reported participants rose from 92 in the plan year 2022 filing to 99 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 010072660 · Franklin Savings Bank PY 2023 · Defined Benefit (Pension)

The Retirement Plan for Employees of Franklin Savings Bank · $61M · 99 · 87th

  • EBSA $61M
  • PART 99
  • TYPE 87th
  • NET Defined Benefit (Pension)
  • BOOK near Td Securities USA Pension Plan
  • VS-ST ind #7168

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 →

The Retirement Plan for Employees of Franklin Savings Bank in the asset neighbourhood

The Scripps Research Institute Cash Balance Retirement PlanThe Scripps Research Institu…$61MNc Farm Bureau Co Retirement PlanNc Farm Bureau Co Retirement…$61MTwin City Foods, Inc. Hourly Employees Defined Benefit Pension PlanTwin City Foods, Inc. Hourly…$61MThe Retirement Plan for Employees of Franklin Savings BankThe Retirement Plan for Empl…$61MTd Securities USA Pension PlanTd Securities USA Pension Pl…$61M
End-of-year total assets ($M) among The Retirement Plan for Employees of Franklin Savings Bank and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$55M
Net Assets (End of Year)$61M
Net Income$7M
Employer EIN010072660
Plan Effective Date1956-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Franklin Savings Bank)

Sponsor-wide plan assets over time

All Franklin Savings Bank plans reported in each filing year

Latest sponsor-wide plan assets
$77M 22.40773261778442% vs 2022
2024 filing year
$60M$65M$70M$75M$80M 202220232024 $62.6M $76.7M ▲ +22.4%
Year Plans Participants Total Assets
2022 2 207 $63M
2023 2 233 $71M
2024 2 244 $77M

Nearby Defined Benefit (Pension) Plans in Maine

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

The Retirement Plan for Employees of Franklin Savings Bank vs. nearby Defined Benefit (Pension) plans in Maine, assets vs. participants Scatter plot of 6 data points. -200002000400060008000 -0.500.511.5 Total assets ($B) Participants The Retirement Plan for Employees of Franklin Savings Bank, Total assets ($B): 0.061391633 · Participants: 99The Retirement Plan for Employees of Franklin Savings BankUnum Group Pension Plan, Total assets ($B): 1.299774166 · Participants: 3140Unum Group Pension PlanMaine Medical Center Pension Plan, Total assets ($B): 0.763853423 · Participants: 2679Maine Medical Center Pension PlanLegacy Chrysler Financial Employee Pension Plan, Total assets ($B): 0.545964991 · Participants: 248Legacy Chrysler Financial Employee Pension PlanTd Banknorth Inc. Pension Plan, Total assets ($B): 0.437094691 · Participants: 1632Td Banknorth Inc. Pension PlanNorthern Light Health Retirement Partnership Plan, Total assets ($B): 0.278599458 · Participants: 5979Northern Light Health Retirement Partnership Plan
The Retirement Plan for Employees of Franklin Savings Bank vs. nearby Defined Benefit (Pension) plans in Maine, assets vs. participants
Compare The Retirement Plan for Employees of Franklin Savings Bank side-by-side with 3 peers →

The Retirement Plan for Employees of Franklin Savings Bank's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Maine, the nearest Defined Benefit (Pension) by assets is Td Securities USA Pension Plan in NY ($61M); by covered participants it is Local 1102 Retirement Trust in NY (99 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (99 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 The Retirement Plan for Employees of Franklin Savings Bank assets move in 2023? ▼
The Retirement Plan for Employees of Franklin Savings Bank grew at a solid clip - up 12.4% during 2023, from $55M to $61M. Reported net income was $7M.
How have Franklin Savings Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Franklin Savings Bank's sponsor-wide assets grew 22.4%, from $63M to $77M.
Where does The Retirement Plan for Employees of Franklin Savings Bank rank by assets among Form 5500 filers? ▼
The Retirement Plan for Employees of Franklin Savings Bank ranks in the 87th 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 Defined Benefit (Pension) plans are similar in size to The Retirement Plan for Employees of Franklin Savings Bank? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Td Securities USA Pension Plan in NY ($61M, 74 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to The Retirement Plan for Employees of Franklin Savings Bank? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Local 1102 Retirement Trust in NY (99 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 010072660.

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.