401(k) · DOL Form 5500 · 2024
Bangor Savings Bank 401(k) Plan
Data updated 2026-08-11
- $167M
- Total assets
- 1,041
- Participants
- 93rd
- Percentile by assets
- $160,281
- Avg per participant
Official DOL plan name: Bangor Savings Bank 401(k) Plan & Trust Agreement · Sponsored by Bangor Savings Bank · Maine · Finance & Insurance
$167M in assets, 1,041 participants
Bangor Savings Bank's Bangor Savings Bank 401(k) Plan & Trust Agreement reported $167M in total assets and 1,041 participants in its 2024 DOL Form 5500 filing, ranking in the 93rd 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.
- 93rd percentile by assets (of 123,622 plans)
- #7,666 in Finance & Insurance (8,549 peers)
Coverage in Maine
Bangor Savings Bank 401(k) Plan & Trust Agreement covers 1,041 participants in Maine, 2.2x the typical Maine plan (state average ~472 per filing). Assets: $167M.
- $167M
- total plan assets (2024 EOY)
- 1,041
- covered participants
- 93rd
- percentile by assets (of 123,622 plans)
- $160,281
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Bangor Savings Bank 401(k) Plan & Trust Agreement reported net income fell from $25M in the plan year 2023 filing to $16M in the plan year 2024 filing.
- Bangor Savings Bank 401(k) Plan & Trust Agreement end-of-year assets rose from $151M in the plan year 2023 filing to $167M in the plan year 2024 filing.
Participants vs Maine filers
In Maine, the average filing covers about 472 participants across 561 plans. Bangor Savings Bank 401(k) Plan & Trust Agreement reports 1,041 participants - 2.2x that state average ($167M EOY assets).
Maine filing particulars
| Total Assets (Beginning of Year) | $151M |
|---|---|
| Net Assets (End of Year) | $167M |
| Net Income | $16M |
| Employer EIN | 010024610 |
| Plan Effective Date | 1989-02-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Bangor Savings Bank)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 1,050 | $126M |
| 2023 | 1 | 1,045 | $151M |
| 2024 | 1 | 1,041 | $167M |
Nearby 401(k) Plans in Maine
Peer 401(k) plans, same state, same plan type, ranked by total assets.
Bangor Savings Bank 401(k) Plan & Trust Agreement vs. nearby 401(k) plans in Maine, assets vs. participants
- Td 401(k) Retirement Plan $6.0B · 31,654
- Unum Group 401(k) Retirement Plan $2.5B · 9,451
- Idexx Retirement and Incentive Savings Plan $1.2B · 6,776
- Hannaford Bros. Co. 401(k) Plan $1.1B · 29,915
- Ahold Delhaize USA Services 401(k) Plan $1.0B · 3,012
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Bangor Savings Bank 401(k) Plan & Trust Agreement by total assets, not by location.
- Astenjohnson Retirement Savings Plan (SC) $167M · 515
- One Webasto 401(k) Retirement Savings Plan (MI) $167M · 2,437
- 401(k) Profit Sharing Plan of Charlotte Eye, Ear, Nose & Throat Associates, P. a. (NC) $167M · 655
- Avaya Savings Plan (NJ) $167M · 224
Frequently Asked Questions
How did Bangor Savings Bank 401(k) Plan & Trust Agreement assets move in 2024? ▼
How have Bangor Savings Bank plan assets changed over time? ▼
Where does Bangor Savings Bank 401(k) Plan & Trust Agreement rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to Bangor Savings Bank 401(k) Plan & Trust Agreement? ▼
Next read for Bangor Savings Bank 401(k) Plan & Trust …
Filing takeaways
Ways to act on Bangor Savings Bank 401(k) Plan & Trust Agreement's numbers.
- By total assets, Bangor Savings Bank 401(k) Plan & Trust Agreement ranks in the top 10% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in Maine. Compare plans
- Bangor Savings Bank's sponsor-wide assets have grown 32.6% since 2022 across 3 plan years on file. More Finance & Insurance plans