Defined Benefit (Pension) · DOL Form 5500 · 2024

Kennebunk Savings Bank Pension Plan

Data updated 2026-08-11

$68M
Total assets
299
Participants
87th
Percentile by assets
$228,442
Avg per participant
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Official DOL plan name: The Retirement Plan of Kennebunk Savings Bank · Sponsored by Kennebunk Savings Bank · Maine · Finance & Insurance

$68M in assets, 299 participants

Kennebunk Savings Bank's The Retirement Plan of Kennebunk Savings Bank reported $68M in total assets and 299 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.

  • 87th percentile by assets (of 123,622 plans)
  • #6,875 in Finance & Insurance (8,549 peers)

Where The Retirement Plan of Kennebunk Savings Bank sits by assets

The Retirement Plan of Kennebunk Savings Bank sits in the top quartile of all filed plans by assets, $68M for 299 participants (~$228,442/participant), down 2.4% in 2024.

$68M
total plan assets (2024 EOY)
299
covered participants
87th
percentile by assets (of 123,622 plans)
$228,442
avg assets per participant

The plan reported a net loss of $2M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Where The Retirement Plan of Kennebunk Savings Bank sits by total assets

The Retirement Plan of Kennebunk Savings Bank vs every filed plan by assets

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

$68,304,238 Top 13% higher than 87% of 123,620 filed plans

This plan $0 $2,010,000,000 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

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • The Retirement Plan of Kennebunk Savings Bank reported net income fell from $5M in the plan year 2023 filing to -$2M in the plan year 2024 filing.
  • The Retirement Plan of Kennebunk Savings Bank reported participants fell from 364 in the plan year 2023 filing to 299 in the plan year 2024 filing.
  • The Retirement Plan of Kennebunk Savings Bank end-of-year assets fell from $70M in the plan year 2023 filing to $68M in the plan year 2024 filing.

See the national 2023→2024 release diff →

State
Maine
Industry
Finance & Insurance

The Retirement Plan of Kennebunk Savings Bank vs the 2024 asset distribution

By assets, The Retirement Plan of Kennebunk Savings Bank outranks 87% of the 123,622 plans that filed a Form 5500 for the 2024 plan year, and holds roughly 0.7x the national average plan size of $100M (721 average participants).

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$70M
Net Assets (End of Year)$68M
Net Income-$2M
Employer EIN010100600
Plan Effective Date1959-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Kennebunk Savings Bank)

$90M$95M$100M$105M$110M 202220232024 $91.4M $104M ▲ +13.9%
Total plan assets by year, all Kennebunk Savings Bank plans on file
Year Plans Participants Total Assets
2022 2 584 $91M
2023 2 730 $101M
2024 2 629 $104M

Nearby Defined Benefit (Pension) Plans in Maine

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

The Retirement Plan of Kennebunk 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 ($B) Participants The Retirement Plan …, Total assets ($B): 0.068304238 · Participants: 299The Retirement Plan …Unum Group Pension P…, Total assets ($B): 1.36531854 · Participants: 2887Unum Group Pension P…Maine Medical Center…, Total assets ($B): 0.795021121 · Participants: 2484Maine Medical Center…Legacy Chrysler Fina…, Total assets ($B): 0.509231651 · Participants: 213Legacy Chrysler Fina…Td Banknorth Inc. Pe…, Total assets ($B): 0.413363009 · Participants: 1528Td Banknorth Inc. Pe…Northern Light Healt…, Total assets ($B): 0.298873722 · Participants: 4838Northern Light Healt…
The Retirement Plan of Kennebunk Savings Bank vs. nearby Defined Benefit (Pension) plans in Maine, assets vs. participants
Compare The Retirement Plan of Kennebunk Savings… side-by-side with 3 peers →

Similar-Sized Defined Benefit (Pension) Plans Nationally

Defined Benefit (Pension) plans in other states closest to The Retirement Plan of Kennebunk Savings Bank by total assets, not by location.

Frequently Asked Questions

How did The Retirement Plan of Kennebunk Savings Bank assets move in 2024? ▼
The Retirement Plan of Kennebunk Savings Bank edged down modestly - down 2.4% during 2024, from $70M to $68M. Reported net income was -$2M.
How have Kennebunk Savings Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Kennebunk Savings Bank's sponsor-wide assets grew 13.9%, from $91M to $104M.
Where does The Retirement Plan of Kennebunk Savings Bank rank by assets among Form 5500 filers? ▼
The Retirement Plan of Kennebunk 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 of Kennebunk Savings Bank? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Lennox International Inc. 2008 Consolidated Pension Plan in TX ($68M, 1,280 participants).

Next read for The Retirement Plan of Kennebunk Savings…

Scale reading

Ways to act on The Retirement Plan of Kennebunk Savings Bank's numbers.

  • By total assets, The Retirement Plan of Kennebunk Savings Bank ranks in the top quartile of all filed plans by assets. See the largest plans
  • Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in Maine. Compare plans
  • Kennebunk Savings Bank's sponsor-wide assets have grown 13.9% since 2022 across 3 plan years on file. More Finance & Insurance plans

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 010100600.

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.