401(k) · DOL Form 5500 · 2023

Gorham Savings Bank 401(k) Plan

Data updated 2026-08-25

$35M
Total assets Below avg plan size
205
Participants Below avg headcount
81st
Percentile by assets National rank
$168,449
Avg per participant Above avg balance/head
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Official DOL plan name: Gorham Savings Bank 401(k) Incentive Savings Plan · Sponsored by Gorham Savings Bank · Maine · Finance & Insurance

$35M in assets, 205 participants

Gorham Savings Bank's Gorham Savings Bank 401(k) Incentive Savings Plan reported $35M in total assets and 205 participants in its 2023 DOL Form 5500 filing, ranking in the 81st 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.

  • #6,317 in Finance & Insurance (8,869 peers)

Coverage in Maine

Gorham Savings Bank 401(k) Incentive Savings Plan covers 205 participants in Maine, about 43% of the average Maine filer (state average ~472 per filing). Assets: $35M.

#6,317
in Finance & Insurance (8,869 peers)
+20.1%
assets growth YoY
0.3×
vs typical plan assets (national mean)

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

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

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

$34,532,025 Top 19% higher than 81% 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

Gorham Savings Bank 401(k) Incentive Savings 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. Gorham Savings Bank 401(k) Incentive Savings Plan sits mid-pack in the medium band (205 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Gorham Savings Bank 401(k) Incentive Savings Plan reported net income rose from -$272K in the plan year 2022 filing to $6M in the plan year 2023 filing.
  • Gorham Savings Bank 401(k) Incentive Savings Plan end-of-year assets rose from $29M in the plan year 2022 filing to $35M in the plan year 2023 filing.
  • Gorham Savings Bank 401(k) Incentive Savings Plan reported participants rose from 202 in the plan year 2022 filing to 205 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 010078890 · Gorham Savings Bank PY 2023 · 401(k)

Gorham Savings Bank 401(k) Incentive Savings Plan · $35M · 205 · 81st

  • BOOK $35M
  • VS-ST 205
  • BOY 81st
  • SCH 401(k)
  • EBSA near Ks Engineers, P.C. 401(k) Retirement Plan
  • PART ind #6317

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 →

Gorham Savings Bank 401(k) Incentive Savings Plan in the asset neighbourhood

Ogden Cap Properties, LLC 401(k) PlanOgden Cap Properties, LLC 40…$35MGorham Savings Bank 401(k) Incentive Savings PlanGorham Savings Bank 401(k) I…$35MKs Engineers, P.C. 401(k) Retirement PlanKs Engineers, P.C. 401(k) Re…$35MLegacy Healthcare Services, Inc. 401(k) PlanLegacy Healthcare Services, …$35MPixelogic 401(k) Profit Sharing PlanPixelogic 401(k) Profit Shar…$35M
End-of-year total assets ($M) among Gorham Savings Bank 401(k) Incentive Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Maine filing particulars

Total Assets (Beginning of Year)$29M
Net Assets (End of Year)$35M
Net Income$6M
Employer EIN010078890
Plan Effective Date1986-03-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Gorham Savings Bank)

Sponsor-wide plan assets over time

All Gorham Savings Bank plans reported in each filing year

Latest sponsor-wide plan assets
$38M 30.42203618899365% vs 2022
2024 filing year
$25M$30M$35M$40M 202220232024 $28.8M $37.5M ▲ +30.4%
Year Plans Participants Total Assets
2022 1 202 $29M
2023 1 205 $35M
2024 1 200 $38M

Nearby 401(k) Plans in Maine

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

Gorham Savings Bank 401(k) Incentive Savings Plan vs. nearby 401(k) plans in Maine, assets vs. participants Scatter plot of 6 data points. -10000010000200003000040000 -20246 Total assets ($B) Participants Gorham Savings Bank 401(k) Incentive Savings Plan, Total assets ($B): 0.034532025 · Participants: 205Gorham Savings Bank 401(k) Incentive Savings 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
Gorham Savings Bank 401(k) Incentive Savings Plan vs. nearby 401(k) plans in Maine, assets vs. participants
Compare Gorham Savings Bank 401(k) Incentive Savings Plan side-by-side with 3 peers →

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

Outside Maine, the nearest 401(k) by assets is Ks Engineers, P.C. 401(k) Retirement Plan in NJ ($35M); by covered participants it is Healthstar Physicians 401(k) & Profit Sharing Plan in AR (205 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($35M here).

Similar participant headcount

Nearest other-state filings by covered participants (205 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 Gorham Savings Bank 401(k) Incentive Savings Plan assets move in 2023? ▼
Gorham Savings Bank 401(k) Incentive Savings Plan grew sharply - up 20.1% during 2023, from $29M to $35M. Reported net income was $6M.
How have Gorham Savings Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Gorham Savings Bank's sponsor-wide assets grew 30.4%, from $29M to $38M.
Where does Gorham Savings Bank 401(k) Incentive Savings Plan rank by assets among Form 5500 filers? ▼
Gorham Savings Bank 401(k) Incentive Savings Plan ranks in the 81st 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 Gorham Savings Bank 401(k) Incentive Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is Ks Engineers, P.C. 401(k) Retirement Plan in NJ ($35M, 223 participants).
Which 401(k) plans cover a similar participant headcount to Gorham Savings Bank 401(k) Incentive Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Healthstar Physicians 401(k) & Profit Sharing Plan in AR (205 participants, $1M 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 010078890.

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.