401(k) · DOL Form 5500 · 2024

Machias Savings Bank 401(k) Plan

Data updated 2026-08-25

$40M
Total assets Below avg plan size
301
Participants Below avg headcount
81st
Percentile by assets National rank
$132,015
Avg per participant Near avg balance/head
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Official DOL plan name: Machias Savings Bank 401(k) Plan · Sponsored by Machias Savings Bank · Maine · Finance & Insurance

$40M in assets, 301 participants

Machias Savings Bank's Machias Savings Bank 401(k) Plan reported $40M in total assets and 301 participants in its 2024 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.

  • #6,077 in Finance & Insurance (8,549 peers)

Where Machias Savings Bank 401(k) Plan sits by assets

Machias Savings Bank 401(k) Plan sits in the top quartile of all filed plans by assets, $40M for 301 participants (~$132,015/participant), up 15.9% in 2024.

#6,077
in Finance & Insurance (8,549 peers)
+15.9%
assets growth YoY
0.4×
vs typical plan assets (national mean)

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

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

End-of-year total assets · plan year 2024 · DOL Form 5500

$39,736,415 Top 19% higher than 81% 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

Machias 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. Machias Savings Bank 401(k) Plan sits mid-pack in the medium band (301 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Machias Savings Bank 401(k) Plan reported net income rose from $4M in the plan year 2023 filing to $5M in the plan year 2024 filing.
  • Machias Savings Bank 401(k) Plan end-of-year assets rose from $34M in the plan year 2023 filing to $40M in the plan year 2024 filing.
  • Machias Savings Bank 401(k) Plan reported participants rose from 275 in the plan year 2023 filing to 301 in the plan year 2024 filing.

See the national 2023→2024 release diff →

DOL schedule card

Filing strip 010111800 · Machias Savings Bank PY 2024 · 401(k)

Machias Savings Bank 401(k) Plan · $40M · 301 · 81st

  • EIN $40M
  • RANK 301
  • PHOTO 81st
  • IND 401(k)
  • EOY near Diamond Credit Union 401(k) Plan and Trust
  • 5500 ind #6077

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 →

Machias Savings Bank 401(k) Plan in the asset neighbourhood

Machias Savings Bank 401(k) PlanMachias Savings Bank 401(k) …$40MDiamond Credit Union 401(k) Plan and TrustDiamond Credit Union 401(k) …$40MCorrugated Supplies Company, LLC 401(k) PlanCorrugated Supplies Company,…$40MGrady-White Boats, Inc. Retirement Savings PlanGrady-White Boats, Inc. Reti…$40MBeyond Finance, LLC 401(k) PlanBeyond Finance, LLC 401(k) P…$40M
End-of-year total assets ($M) among Machias 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)$34M
Net Assets (End of Year)$40M
Net Income$5M
Employer EIN010111800
Plan Effective Date1989-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Machias Savings Bank)

Sponsor-wide plan assets over time

All Machias Savings Bank plans reported in each filing year

Latest sponsor-wide plan assets
$40M 33.21551937887404% vs 2022
2024 filing year
$25M$30M$35M$40M$45M 202220232024 $29.8M $39.7M ▲ +33.2%
Year Plans Participants Total Assets
2022 1 273 $30M
2023 1 275 $34M
2024 1 301 $40M

Nearby 401(k) Plans in Maine

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

Machias 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 ($B) Participants Machias Savings Bank 401(k) Plan, Total assets ($B): 0.039736415 · Participants: 301Machias 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
Machias Savings Bank 401(k) Plan vs. nearby 401(k) plans in Maine, assets vs. participants
Compare Machias Savings Bank 401(k) Plan side-by-side with 3 peers →

Machias 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 Diamond Credit Union 401(k) Plan and Trust in PA ($40M); by covered participants it is Table Talk Pies, Inc. Retirement Savings Plan in MA (301 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($40M here).

Similar participant headcount

Nearest other-state filings by covered participants (301 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 Machias Savings Bank 401(k) Plan assets move in 2024? ▼
Machias Savings Bank 401(k) Plan grew sharply - up 15.9% during 2024, from $34M to $40M. Reported net income was $5M.
How have Machias Savings Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Machias Savings Bank's sponsor-wide assets grew 33.2%, from $30M to $40M.
Where does Machias Savings Bank 401(k) Plan rank by assets among Form 5500 filers? ▼
Machias Savings Bank 401(k) Plan ranks in the 81st 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 Machias Savings Bank 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Diamond Credit Union 401(k) Plan and Trust in PA ($40M, 199 participants).
Which 401(k) plans cover a similar participant headcount to Machias Savings Bank 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Table Talk Pies, Inc. Retirement Savings Plan in MA (301 participants, $194K 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 010111800.

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.