State retirement profile · Form 5500
According to DOL Form 5500 filings (plan year 2024), employer-sponsored 401(k), pension, and other retirement plans headquartered in Maine report the totals below.
Data updated 2026-08-25
$33.6B across 561 plans
According to DOL Form 5500 filings (plan year 2024), Maine has 561 employer-sponsored retirement plans holding $33.6B in total assets for 264,808 participants, ranking 38th nationally by plan assets, with 71% structured as 401(k)s and an average of $60M per plan.
The state in one line
Maine hosts 561 employer-sponsored retirement plans holding $33.6B for 264,808 participants, the 38th-largest state by plan assets.
Maine: 561 employer-sponsored plans (396 401(k)), $33.6B aggregate assets, 264,808 participants. Average plan: $60M; largest is Td 401(k) Retirement Plan at $6.0B. Leading sector by assets: Healthcare & Social Assistance (22%). These figures aggregate the 561 Form 5500 filings Maine sponsors submitted for plan year 2024, counted by sponsor headquarters rather than participant residence; a plan administered in Maine can cover workers across several states, and the methodology page details that HQ-vs-residence distinction. DOL Form 5500 methodology + HQ-vs-residence caveats →
That concentration means Maine-wide averages can mask substantial variation outside the dominant entity. Td Bank US Holding Company sponsors the filing; drill into the plan page for schedules and audit detail. When one entity dominates a region's footprint, its programmatic and budget decisions effectively set policy for a majority of participants counted in this state total.
DOL Form 5500 plan year 2024
Among plans headquartered here, Healthcare & Social Assistance accounts for $7.4B across 89 filings, ahead of Management of Enterprises at $6.4B. Sector mix is a Form 5500-derived signal: it reflects where sponsors file from, not where every participant lives.
DOL Form 5500 plan year 2024
Employee Stock Ownership Plans here hold $671M. ESOP density is uneven across states; when the count clears a meaningful floor, the ESOP ranking and industry pages are the better drill-downs than a 401(k)-only read.
DOL Form 5500 plan year 2024
Maine sits mid-pack by plan assets (#38 of 56). Peer states with similar totals are the fairest comparison set; national leaders will dominate any unfiltered ranking.
DOL Form 5500 plan year 2024
Maine's place in the national asset distribution
All states with reported Form 5500 plan assets · plan year 2024
$33,572,228,648 34th percentile higher than 34% of 56 states with reported plan assets
Dashed line + filled bar = this entry, among states with reported plan assets.
Source U.S. Department of Labor, EBSA Form 5500 public disclosure dataset · plan year 2024
Source: U.S. Department of Labor, EBSA Form 5500 public disclosure dataset · plan year 2024.
Top sectors by Form 5500 plan assets for sponsors headquartered here (plan year 2024).
| Industry | Plans | Assets |
|---|---|---|
| Healthcare & Social Assistance | 89 | $7.4B |
| Management of Enterprises | 3 | $6.4B |
| Finance & Insurance | 52 | $6.0B |
| Retail Trade | 56 | $3.6B |
| Professional & Technical Services | 69 | $2.5B |
States ranked adjacent to Maine by total retirement plan assets.
Two DOL Form 5500-derived peer sets for Maine, each a different nationwide metric so the neighborhoods are not geographic containment (the asset-ranked nearby list above stays regional).
Nearest other states by reported employer plan filings (561 here).
Nearest other states by aggregate plan assets ($33.6B here).
Concentration reading
Ways to act on Maine's numbers.
Source: U.S. Department of Labor, EBSA Form 5500 public disclosure dataset. Shows the top 25 plans by total assets headquartered in Maine, out of 130,145 ERISA-covered plans nationally. Plan year 2024.
Source: DOL EFAST2 filing system (efast.dol.gov) - state is the plan sponsor's headquarters state as recorded on the Form 5500 filing.
Read our methodology - how this data is sourced, computed, and verified.