Defined Benefit (Pension) · DOL Form 5500 · 2023

Kennebunk Savings Bank Pension Plan

Data updated 2026-08-25

$70M
Total assets Below avg plan size
364
Participants Below avg headcount
89th
Percentile by assets National rank
$192,211
Avg per participant Above avg balance/head
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Official DOL plan name: The Retirement Plan of Kennebunk Savings Bank · Sponsored by Kennebunk Savings Bank · Maine · Finance & Insurance

$70M in assets, 364 participants

Kennebunk Savings Bank's The Retirement Plan of Kennebunk Savings Bank reported $70M in total assets and 364 participants in its 2023 DOL Form 5500 filing, ranking in the 89th 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.

  • #7,308 in Finance & Insurance (8,869 peers)

Where The Retirement Plan of Kennebunk Savings Bank sits by assets

The Retirement Plan of Kennebunk Savings Bank sits in the top quartile of all filed plans by assets, $70M for 364 participants (~$192,211/participant), up 8.4% in 2023.

#7,308
in Finance & Insurance (8,869 peers)
+8.4%
assets growth YoY
0.7×
vs typical plan assets (national mean)

The Retirement Plan of Kennebunk Savings Bank's outsized position by total assets

The Retirement Plan of Kennebunk Savings Bank vs every filed plan by assets

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

$69,964,969 Top 11% higher than 89% 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 of Kennebunk Savings Bank 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. The Retirement Plan of Kennebunk Savings Bank sits mid-pack in the medium band (364 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • The Retirement Plan of Kennebunk Savings Bank reported net income rose from -$24M in the plan year 2022 filing to $5M in the plan year 2023 filing.
  • The Retirement Plan of Kennebunk Savings Bank reported participants rose from 241 in the plan year 2022 filing to 364 in the plan year 2023 filing.
  • The Retirement Plan of Kennebunk Savings Bank end-of-year assets rose from $65M in the plan year 2022 filing to $70M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 010100600 · Kennebunk Savings Bank PY 2023 · Defined Benefit (Pension)

The Retirement Plan of Kennebunk Savings Bank · $70M · 364 · 89th

  • BOOK $70M
  • VS-ST 364
  • BOY 89th
  • SCH Defined Benefit (Pension)
  • EBSA near Disabled American Veterans Retirement / Pension Equity Plan
  • PART ind #7308

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 of Kennebunk Savings Bank in the asset neighbourhood

Cement Masons Local 526 Pension PlanCement Masons Local 526 Pens…$70MThe Retirement Plan of Kennebunk Savings BankThe Retirement Plan of Kenne…$70MDisabled American Veterans Retirement / Pension Equity PlanDisabled American Veterans R…$70MRetirement Plan for Employees of Sargent Manufacturing Company and Amstar Electronics GroupRetirement Plan for Employee…$70MPension Plan for Employees of Magnesita Refractories CompanyPension Plan for Employees o…$70M
End-of-year total assets ($M) among The Retirement Plan of Kennebunk 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)$65M
Net Assets (End of Year)$70M
Net Income$5M
Employer EIN010100600
Plan Effective Date1959-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Kennebunk Savings Bank)

Sponsor-wide plan assets over time

All Kennebunk Savings Bank plans reported in each filing year

Latest sponsor-wide plan assets
$104M 13.947988358425672% vs 2022
2024 filing year
$90M$95M$100M$105M$110M 202220232024 $91.4M $104M ▲ +13.9%
Year Plans Participants Total Assets
2022 2 584 $91M
2023 2 730 $101M
2024 2 629 $104M

Nearby Defined Benefit (Pension) Plans in Maine

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

The Retirement Plan of Kennebunk Savings Bank vs. nearby Defined Benefit (Pension) plans in Maine, assets vs. participants Scatter plot of 6 data points. -200002000400060008000 00.511.5 Total assets ($B) Participants The Retirement Plan of Kennebunk Savings Bank, Total assets ($B): 0.069964969 · Participants: 364The Retirement Plan of Kennebunk 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 of Kennebunk Savings Bank vs. nearby Defined Benefit (Pension) plans in Maine, assets vs. participants
Compare The Retirement Plan of Kennebunk Savings Bank side-by-side with 3 peers →

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

Outside Maine, the nearest Defined Benefit (Pension) by assets is Disabled American Veterans Retirement / Pension Equity Plan in KY ($70M); by covered participants it is Indiana Farm Bureau Retirement Plan in IN (364 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (364 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 of Kennebunk Savings Bank assets move in 2023? ▼
The Retirement Plan of Kennebunk Savings Bank grew at a solid clip - up 8.4% during 2023, from $65M to $70M. Reported net income was $5M.
How have Kennebunk Savings Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Kennebunk Savings Bank's sponsor-wide assets grew 13.9%, from $91M to $104M.
Where does The Retirement Plan of Kennebunk Savings Bank rank by assets among Form 5500 filers? ▼
The Retirement Plan of Kennebunk Savings Bank ranks in the 89th 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 of Kennebunk Savings Bank? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Disabled American Veterans Retirement / Pension Equity Plan in KY ($70M, 432 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to The Retirement Plan of Kennebunk Savings Bank? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Indiana Farm Bureau Retirement Plan in IN (364 participants, $231M 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 010100600.

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.