401(k) · DOL Form 5500 · 2024

Norway Savings Bank 401(k) Plan

Data updated 2026-08-25

$55M
Total assets Below avg plan size
302
Participants Below avg headcount
85th
Percentile by assets National rank
$183,614
Avg per participant Above avg balance/head
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Official DOL plan name: Norway Savings Bank 401(k) Plan · Sponsored by Norway Savings Bank · Maine · Finance & Insurance

$55M in assets, 302 participants

Norway Savings Bank's Norway Savings Bank 401(k) Plan reported $55M in total assets and 302 participants in its 2024 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.

  • #6,591 in Finance & Insurance (8,549 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, $55M for 302 participants (~$183,614/participant), up 12.5% in 2024.

#6,591
in Finance & Insurance (8,549 peers)
+12.5%
assets growth YoY
0.6×
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 2024 · DOL Form 5500

$55,451,364 Top 15% higher than 85% of 123,620 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 2024

Norway Savings Bank 401(k) Plan among mid-size filed plans by headcount

Plan-year 2024 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 (302 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Norway Savings Bank 401(k) Plan end-of-year assets rose from $49M in the plan year 2023 filing to $55M in the plan year 2024 filing.
  • Norway Savings Bank 401(k) Plan reported net income fell from $7M in the plan year 2023 filing to $6M in the plan year 2024 filing.

See the national 2023→2024 release diff →

EBSA filing schedule strip

Filing strip 010130870 · Norway Savings Bank PY 2024 · 401(k)

Norway Savings Bank 401(k) Plan · $55M · 302 · 85th

  • BOOK $55M
  • VS-ST 302
  • BOY 85th
  • SCH 401(k)
  • EBSA near Greenwich Aerogroup, Inc. Retirement Savings Plan
  • PART ind #6591

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

Bohlin Cywinski Jackson Retirement Savings PlanBohlin Cywinski Jackson Reti…$55MThe Vanir 401(k) Plan$55MNorway Savings Bank 401(k) PlanNorway Savings Bank 401(k) P…$55MGreenwich Aerogroup, Inc. Retirement Savings PlanGreenwich Aerogroup, Inc. Re…$55MUnico Technologies Group 401(k) PlanUnico Technologies Group 401…$55M
End-of-year total assets ($M) among Norway Savings Bank 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$49M
Net Assets (End of Year)$55M
Net Income$6M
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 -202468 Total assets ($B) Participants Norway Savings Bank 401(k) Plan, Total assets ($B): 0.055451364 · Participants: 302Norway Savings Bank 401(k) PlanTd 401(k) Retirement Plan, Total assets ($B): 5.971163889 · Participants: 31654Td 401(k) Retirement PlanUnum Group 401(k) Retirement Plan, Total assets ($B): 2.479947647 · Participants: 9451Unum Group 401(k) Retirement PlanIdexx Retirement and Incentive Savings Plan, Total assets ($B): 1.243344842 · Participants: 6776Idexx Retirement and Incentive Savings PlanHannaford Bros. Co. 401(k) Plan, Total assets ($B): 1.096724054 · Participants: 29915Hannaford Bros. Co. 401(k) PlanAhold Delhaize USA Services 401(k) Plan, Total assets ($B): 1.001892127 · Participants: 3012Ahold Delhaize USA Services 401(k) 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 Greenwich Aerogroup, Inc. Retirement Savings Plan in CT ($55M); by covered participants it is Sunworks 401(k) Plan & Trust in DE (302 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($55M here).

Similar participant headcount

Nearest other-state filings by covered participants (302 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. 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 2024? ▼
Norway Savings Bank 401(k) Plan grew at a solid clip - up 12.5% during 2024, from $49M to $55M. Reported net income was $6M.
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 123,622 plans that reported assets for plan year 2024 (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 Greenwich Aerogroup, Inc. Retirement Savings Plan in CT ($55M, 683 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 Sunworks 401(k) Plan & Trust in DE (302 participants, N/A in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

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.