401(k) · DOL Form 5500 · 2024

Gorham Savings Bank 401(k) Plan

Data updated 2026-08-25

$38M
Total assets Below avg plan size
200
Participants Below avg headcount
81st
Percentile by assets National rank
$187,565
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

$38M in assets, 200 participants

Gorham Savings Bank's Gorham Savings Bank 401(k) Incentive Savings Plan reported $38M in total assets and 200 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.

  • #5,970 in Finance & Insurance (8,549 peers)

Coverage in Maine

Gorham Savings Bank 401(k) Incentive Savings Plan covers 200 participants in Maine, about 42% of the average Maine filer (state average ~472 per filing). Assets: $38M.

#5,970
in Finance & Insurance (8,549 peers)
+8.6%
assets growth YoY
0.4×
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 2024 · DOL Form 5500

$37,512,929 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

Gorham Savings Bank 401(k) Incentive Savings 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. Gorham Savings Bank 401(k) Incentive Savings Plan sits mid-pack in the medium band (200 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Gorham Savings Bank 401(k) Incentive Savings Plan reported net income fell from $6M in the plan year 2023 filing to $3M in the plan year 2024 filing.
  • Gorham Savings Bank 401(k) Incentive Savings Plan end-of-year assets rose from $35M in the plan year 2023 filing to $38M in the plan year 2024 filing.
  • Gorham Savings Bank 401(k) Incentive Savings Plan reported participants fell from 205 in the plan year 2023 filing to 200 in the plan year 2024 filing.

See the national 2023→2024 release diff →

DOL schedule card

Filing strip 010078890 · Gorham Savings Bank PY 2024 · 401(k)

Gorham Savings Bank 401(k) Incentive Savings Plan · $38M · 200 · 81st

  • ASSETS $38M
  • ASSETS 200
  • ASSETS 81st
  • ASSETS 401(k)
  • ASSETS near Galaxy Digital Services LLC 401(k) Plan
  • ASSETS ind #5970

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

Ameritas Pooled Employer Plan$38MGorham Savings Bank 401(k) Incentive Savings PlanGorham Savings Bank 401(k) I…$38MGalaxy Digital Services LLC 401(k) PlanGalaxy Digital Services LLC …$38MAmerican Fuji Seal, Inc. Union 401(k) PlanAmerican Fuji Seal, Inc. Uni…$38MWilliams Tank Lines 401(k) PlanWilliams Tank Lines 401(k) P…$38M
End-of-year total assets ($M) among Gorham Savings Bank 401(k) Incentive Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Maine filing particulars

Total Assets (Beginning of Year)$35M
Net Assets (End of Year)$38M
Net Income$3M
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 -202468 Total assets ($B) Participants Gorham Savings Bank 401(k) Incentive Savings Plan, Total assets ($B): 0.037512929 · Participants: 200Gorham Savings Bank 401(k) Incentive Savings 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
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 Galaxy Digital Services LLC 401(k) Plan in NY ($38M); by covered participants it is Tata Elxsi 401(k) Plan in MI (200 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($38M here).

Similar participant headcount

Nearest other-state filings by covered participants (200 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 Gorham Savings Bank 401(k) Incentive Savings Plan assets move in 2024? ▼
Gorham Savings Bank 401(k) Incentive Savings Plan grew at a solid clip - up 8.6% during 2024, from $35M to $38M. Reported net income was $3M.
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 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 Gorham Savings Bank 401(k) Incentive Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is Galaxy Digital Services LLC 401(k) Plan in NY ($38M, 323 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 Tata Elxsi 401(k) Plan in MI (200 participants, $587K 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 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.