Defined Benefit (Pension) · DOL Form 5500 · 2024

Franklin Savings Bank Pension Plan

Data updated 2026-08-25

$65M
Total assets Below avg plan size
113
Participants Small participant base
87th
Percentile by assets National rank
$575,615
Avg per participant High balance/head
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Official DOL plan name: The Retirement Plan for Employees of Franklin Savings Bank · Sponsored by Franklin Savings Bank · Maine · Finance & Insurance

$65M in assets, 113 participants

Franklin Savings Bank's The Retirement Plan for Employees of Franklin Savings Bank reported $65M in total assets and 113 participants in its 2024 DOL Form 5500 filing, ranking in the 87th 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.

  • #6,825 in Finance & Insurance (8,549 peers)

Coverage in Maine

The Retirement Plan for Employees of Franklin Savings Bank covers 113 participants in Maine, about 24% of the average Maine filer (state average ~472 per filing). Assets: $65M.

#6,825
in Finance & Insurance (8,549 peers)
+6.0%
assets growth YoY
0.7×
vs typical plan assets (national mean)

The Retirement Plan for Employees of Franklin Savings Bank's outsized position by total assets

The Retirement Plan for Employees of Franklin Savings Bank vs every filed plan by assets

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

$65,044,466 Top 13% higher than 87% 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

The Retirement Plan for Employees of Franklin Savings Bank 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. The Retirement Plan for Employees of Franklin Savings Bank sits mid-pack in the medium band (113 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • The Retirement Plan for Employees of Franklin Savings Bank reported net income fell from $7M in the plan year 2023 filing to $4M in the plan year 2024 filing.
  • The Retirement Plan for Employees of Franklin Savings Bank reported participants rose from 99 in the plan year 2023 filing to 113 in the plan year 2024 filing.
  • The Retirement Plan for Employees of Franklin Savings Bank end-of-year assets rose from $61M in the plan year 2023 filing to $65M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 010072660 · Franklin Savings Bank PY 2024 · Defined Benefit (Pension)

The Retirement Plan for Employees of Franklin Savings Bank · $65M · 113 · 87th

  • NET $65M
  • NET 113
  • NET 87th
  • NET Defined Benefit (Pension)
  • NET near Haynes and Boone, LLP Partners' Retirement Plan
  • NET ind #6825

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 →

The Retirement Plan for Employees of Franklin Savings Bank in the asset neighbourhood

The New York Philharmonic Orchestra Pension PlanThe New York Philharmonic Or…$65MTidewater Electrical Industry Pension FundTidewater Electrical Industr…$65MThe Retirement Plan for Employees of Franklin Savings BankThe Retirement Plan for Empl…$65MHaynes and Boone, LLP Partners' Retirement PlanHaynes and Boone, LLP Partne…$65MThe Scripps Research Institute Cash Balance Retirement PlanThe Scripps Research Institu…$65M
End-of-year total assets ($M) among The Retirement Plan for Employees of Franklin Savings Bank and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2024.

Maine filing particulars

Total Assets (Beginning of Year)$61M
Net Assets (End of Year)$65M
Net Income$4M
Employer EIN010072660
Plan Effective Date1956-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Franklin Savings Bank)

Sponsor-wide plan assets over time

All Franklin Savings Bank plans reported in each filing year

Latest sponsor-wide plan assets
$77M 22.40773261778442% vs 2022
2024 filing year
$60M$65M$70M$75M$80M 202220232024 $62.6M $76.7M ▲ +22.4%
Year Plans Participants Total Assets
2022 2 207 $63M
2023 2 233 $71M
2024 2 244 $77M

Nearby Defined Benefit (Pension) Plans in Maine

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

The Retirement Plan for Employees of Franklin Savings Bank vs. nearby Defined Benefit (Pension) plans in Maine, assets vs. participants Scatter plot of 6 data points. -20000200040006000 00.511.5 Total assets ($B) Participants The Retirement Plan for Employees of Franklin Savings Bank, Total assets ($B): 0.065044466 · Participants: 113The Retirement Plan for Employees of Franklin Savings BankUnum Group Pension Plan, Total assets ($B): 1.36531854 · Participants: 2887Unum Group Pension PlanMaine Medical Center Pension Plan, Total assets ($B): 0.795021121 · Participants: 2484Maine Medical Center Pension PlanLegacy Chrysler Financial Employee Pension Plan, Total assets ($B): 0.509231651 · Participants: 213Legacy Chrysler Financial Employee Pension PlanTd Banknorth Inc. Pension Plan, Total assets ($B): 0.413363009 · Participants: 1528Td Banknorth Inc. Pension PlanNorthern Light Health Retirement Partnership Plan, Total assets ($B): 0.298873722 · Participants: 4838Northern Light Health Retirement Partnership Plan
The Retirement Plan for Employees of Franklin Savings Bank vs. nearby Defined Benefit (Pension) plans in Maine, assets vs. participants
Compare The Retirement Plan for Employees of Franklin Savings Bank side-by-side with 3 peers →

The Retirement Plan for Employees of Franklin Savings Bank's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Maine, the nearest Defined Benefit (Pension) by assets is Haynes and Boone, LLP Partners' Retirement Plan in TX ($65M); by covered participants it is Hawthorn Bancshares, Inc. Retirement Plan in MO (113 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (113 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 The Retirement Plan for Employees of Franklin Savings Bank assets move in 2024? ▼
The Retirement Plan for Employees of Franklin Savings Bank grew at a solid clip - up 6.0% during 2024, from $61M to $65M. Reported net income was $4M.
How have Franklin Savings Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Franklin Savings Bank's sponsor-wide assets grew 22.4%, from $63M to $77M.
Where does The Retirement Plan for Employees of Franklin Savings Bank rank by assets among Form 5500 filers? ▼
The Retirement Plan for Employees of Franklin Savings Bank ranks in the 87th 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 Defined Benefit (Pension) plans are similar in size to The Retirement Plan for Employees of Franklin Savings Bank? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Haynes and Boone, LLP Partners' Retirement Plan in TX ($65M, 49 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to The Retirement Plan for Employees of Franklin Savings Bank? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Hawthorn Bancshares, Inc. Retirement Plan in MO (113 participants, $41M 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 010072660.

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.