State · sponsors with a Maine filing address
Retirement plans in Maine
Form 5500 filings for plan years 2009 to 2025; medians for plan year 2024.
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. A plan is counted in the state of its sponsor's address, not where its participants live.
333 retirement plans based in Maine with 100 or more participants filed Form 5500 for plan year 2024 (313 defined contribution, 20 defined benefit). All Form 5500 pension filers in the group reported 389,141 participant records and $32.6B in net assets.
The median defined contribution plan held $63,322 per participant, above the national median of $53,031, and its employer put in $2,046 per active participant (national: $2,174). Among plans reporting Schedule C compensation the median was $119 per participant against $123 nationally.
Employers contributed $899M and participants $1.18B during the year, and the plans paid out $2.58B in benefits.
In 2009 the same group numbered 375 plans with $9.42B; by 2024 it was 333 plans (down 11%) and $32.6B (up 246%). From plan year 2023 the 100-participant line counts participants with account balances, which moved many plans to the short form.
Beyond the full-form filers, 3,239 small plans based in Maine filed the short Form 5500-SF for 2024, with 90,678 participants and $5.05B in net assets. Small plans are counted here and nowhere else on this site.
Medians compared with all US plans
| Median plan, plan year 2024 | ME: DC | US: DC | ME: DB | US: DB |
|---|---|---|---|---|
| Net assets per participant | $63,322 | $53,031 | $82,367 | $86,234 |
| Employer contributions per active participant | $2,046 | $2,174 | $8,731 | $10,244 |
| Schedule C compensation per participant | $119 | $123 | $372 | $344 |
| Schedule C compensation, share of net assets | 0.24% | 0.26% | 0.32% | 0.42% |
| Administrative expenses per participant | $117 | $116 | $745 | $527 |
Medians across plans with 100 or more participants (294 DC and 20 DB plans with a Schedule H here). Fee medians cover plans reporting an amount. DC: defined contribution, such as 401(k) and 403(b). DB: defined benefit pension.
Distribution of DC plans
| Measure | 25th percentile | Median | 75th percentile | Plans |
|---|---|---|---|---|
| Net assets per participant | $31,640 | $63,322 | $105,224 | 294 |
| Employer contributions per active participant | $979 | $2,046 | $3,866 | 291 |
| Schedule C compensation per participant | $56.56 | $119 | $218 | 269 |
| Administrative expenses per participant | $49.53 | $117 | $211 | 278 |
Trend by plan year
| Plan year | Plans 100+ | Participants | Net assets | Employer contributions | Participant contributions | Median DC assets / participant | Median DC Sch. C / participant |
|---|---|---|---|---|---|---|---|
| 2025partial | 67 | 50,733 | $3.95B | $81.6M | $163M | $75,352 | $142 |
| 2024 | 333 | 389,141 | $32.6B | $899M | $1.18B | $63,322 | $119 |
| 2023 | 337 | 379,884 | $28.8B | $877M | $1.08B | $55,954 | $96.70 |
| 2022 | 383 | 394,962 | $25.5B | $749M | $1.02B | $41,614 | $86.92 |
| 2021 | 383 | 384,873 | $30.5B | $726M | $937M | $48,216 | $86.13 |
| 2020 | 368 | 372,202 | $26.6B | $780M | $858M | $45,106 | $76.21 |
| 2019 | 361 | 363,331 | $23.2B | $686M | $786M | $41,087 | $71.29 |
| 2018 | 357 | 332,424 | $18.9B | $650M | $666M | $36,914 | $62.24 |
| 2017 | 362 | 394,728 | $21.0B | $655M | $679M | $38,404 | $58.67 |
| 2016 | 359 | 369,369 | $17.0B | $574M | $640M | $33,375 | $44.69 |
| 2015 | 349 | 377,899 | $17.1B | $603M | $586M | $32,692 | $42.85 |
| 2014 | 338 | 353,374 | $15.5B | $617M | $524M | $33,732 | $33.72 |
| 2013 | 342 | 360,889 | $14.3B | $465M | $490M | $31,268 | $25.15 |
| 2012 | 348 | 445,630 | $14.0B | $596M | $518M | $27,377 | $31.52 |
| 2011 | 354 | 303,590 | $10.9B | $455M | $429M | $25,007 | $29.21 |
| 2010 | 365 | 319,453 | $10.9B | $504M | $404M | $25,682 | $36.91 |
| 2009 | 375 | 323,390 | $9.42B | $404M | $390M | $22,219 | $26.30 |
Plan year is the year in which the plan year began. The drop in large plans from 2023 follows a rule change: the 100-participant line now counts participants with account balances, so many plans moved to the short form.
Provider share
Service provider organisations named most often on the Schedule C of the 328 plans on this page's list, by number of plans. A plan usually names several providers.
Largest plans
The 60 largest by participants of 328 plans with a page on this site.
| Plan | Sponsor | Type | Participants | Net assets | Per participant | Employer / active | Sch. C / participant |
|---|---|---|---|---|---|---|---|
| TD 401(k) Retirement Plan | TD Bank US Holding Company | DC | 49,123 | $5.97B | $121,555 | $6,186 | $27.78 |
| Mainehealth 403(b) Retirement Plan | Mainehealth Services | DC | 34,449 | $2.46B | $71,417 | $3,176 | $55.10 |
| Hannaford Bros. Co. 401(k) Plan | Hannaford Bros. Co., LLC | DC | 31,435 | $1.10B | $34,889 | $839 | $15.38 |
| Northern Light Health Retirement Partnership 403(b) Plan | Eastern Maine Healthcare Systems d/b/a Northern Light Health | DC | 13,545 | $1.29B | $95,001 | $2,100 | $78.27 |
| Unum Group 401(k) Retirement Plan | Unum Group | DC | 12,797 | $2.48B | $193,791 | $8,232 | $123 |
| Unum Group Pension Plan | Unum Group | DB | 9,990 | $1.24B | $124,246 | — | $286 |
| Idexx Retirement and Incentive Savings Plan | Idexx Laboratories, Inc. | DC | 8,856 | $1.24B | $140,391 | $4,625 | $97.57 |
| The Cianbro Team Equity Plan | The Cianbro Companies | DC | 8,616 | $806M | $93,564 | $12,802 | — |
| L.L. Bean 401(k) Retirement Savings Plan | LL Bean Inc. | DC | 8,467 | $803M | $94,890 | $1,994 | $53.76 |
| TD Banknorth Inc. Pension Plan | TD Bank US Holding Company | DB | 8,275 | $413M | $49,934 | — | $129 |
| The Alliance of State Retail Associations 401(k) Plan & Trust | Retail Association of Maine | DC | 7,983 | $76.8M | $9,623 | $371 | $107 |
| Northern Light Health Retirement Partnership Plan | Eastern Maine Healthcare Systems d/b/a Northern Light Health | DB | 7,256 | $299M | $41,160 | $9,259 | $117 |
| Ahold Delhaize USA Services 401(k) Plan | Ahold Delhaize USA Services LLC | DC | 6,659 | $1.00B | $150,457 | $4,386 | $19.63 |
| Mainegeneral Health 403(b) Retirement Plan | Mainegeneral Health | DC | 6,061 | $469M | $77,316 | $1,034 | $37.18 |
| Maine Medical Center Pension Plan | Mainehealth | DB | 5,996 | $792M | $132,118 | $17,153 | $383 |
| Wex Inc. Employee Savings Plan | Wex Inc. | DC | 5,901 | $522M | $88,409 | $4,206 | $45.40 |
| Mainegeneral Health Retirement Income Plan | Mainegeneral Health | DC | 5,495 | $98.3M | $17,881 | $1,175 | $28.73 |
| The 403(b) Plan for the Employees of Central Maine Healthcare | Central Maine Healthcare | DC | 5,101 | $218M | $42,714 | $833 | $55.51 |
| Legacy Chrysler Financial Employee Pension Plan | TD Bank US Holding Company | DB | 4,283 | $509M | $118,854 | — | $139 |
| Jax 403(b) Retirement Plan | The Jackson Laboratory | DC | 3,990 | $603M | $151,078 | $7,927 | $116 |
| Rarebreed Veterinary Partners 401(k) Plan | Project Inspire, Inc. DBA Rarebreed Veterinary P | DC | 3,639 | $66.0M | $18,143 | $1,788 | $15.31 |
| Dead River 401(k) Retirement Savings Plan | Dead River Company | DC | 2,295 | $101M | $43,969 | $2,702 | $138 |
| Mainegeneral Health Pension Plan | Mainegeneral Health | DB | 2,243 | $99.3M | $44,272 | $3,895 | $126 |
| University of New England Defined Contribution Plan | University of New England | DC | 2,176 | $249M | $114,351 | $4,569 | $41.78 |
| Bates College Money Purchase Pension Plan | President and Trustees of Bates College | DC | 2,028 | $173M | $85,326 | $6,767 | $45.23 |
| Bates College 403(b) Retirement Plan | President and Trustees of Bates College | DC | 1,997 | $177M | $88,444 | $1,629 | $60.07 |
| Irving 401(k) Plan | Irving Forest Products, Inc. | DC | 1,903 | $158M | $82,779 | $3,762 | $75.52 |
| Bowdoin College Retirement Plan | Bowdoin College | DC | 1,867 | $277M | $148,299 | $11,851 | $86.52 |
| Colby College Retirement Plan | The President & Trustees of Colby College | DC | 1,867 | $297M | $159,094 | $5,002 | $58.53 |
| Woodard & Curran, Inc. 401(k) Profit Sharing Plan | Woodard & Curran, Inc. | DC | 1,749 | $259M | $148,081 | $2,839 | $92.48 |
| Spurwink Services 403(b) Plan | Spurwink Services, Inc. | DC | 1,715 | $34.8M | $20,269 | $755 | $91.46 |
| Bangor Savings Bank 401(k) Plan & Trust Agreement | Bangor Savings Bank | DC | 1,652 | $167M | $101,000 | $5,205 | — |
| Mainehealth Legacy 403(b) Retirement Plan | Mainehealth Services | DC | 1,643 | $22.9M | $13,919 | — | $0.75 |
| First Atlantic Corporation 401(k) Plan | First Atlantic Corporation | DC | 1,540 | $11.8M | $7,692 | $253 | $63.23 |
| The Olympia Companies LLC 401(k) Plan & Trust | The Olympia Companies LLC | DC | 1,503 | $16.8M | $11,200 | $231 | $50.75 |
| Goodwill Northern New England 403(b) Plan | Goodwill Industries of Northern New England | DC | 1,383 | $18.5M | $13,385 | $349 | $45.35 |
| Martin's Point 401(k) Plan | Martin's Point Health Care | DC | 1,365 | $195M | $143,063 | $5,390 | $34.75 |
| Cross Retirement Plan | Cross Financial Corporation | DC | 1,356 | $139M | $102,453 | $2,049 | $152 |
| Employee Benefit Plan of Maine Association for Community Service Providers | Maine Association for Community Service Providers | DC | 1,287 | $9.1M | $7,051 | $354 | $6.53 |
| York Hospital Retirement Plan | York Hospital | DC | 1,267 | $102M | $80,481 | $1,145 | $149 |
| Retirement Plan for Employees of Redington Fairview General Hospital | Redington-Fairview General Hospital | DB | 1,263 | $107M | $84,604 | $5,900 | $55.42 |
| Husson University Section 403(b) Retirement Plan | Husson University | DC | 1,261 | $67.0M | $53,095 | $1,658 | $90.18 |
| Alcom, LLC 401(k) Plan | Alcom, LLC | DC | 1,235 | $15.6M | $12,645 | $909 | $167 |
| Retirement Plan for Employees of Central Maine Healthcare Corporation | Central Maine Healthcare Corporation | DB | 1,176 | $77.7M | $66,034 | $9,728 | $600 |
| Redington-Fairview General Hospital 403(b) Plan | Redington Fairview General Hospital | DC | 1,109 | $59.8M | $53,945 | $721 | $70.70 |
| Ciee Retirement Plan | Ciee, Inc. | DC | 1,050 | $53.1M | $50,539 | $2,678 | $15.00 |
| Andwell Health Partners | Androscoggin Home Health Services,inc. | DC | 1,014 | $34.9M | $34,441 | $567 | $177 |
| Penobscot Community Health Center 403(b) Plan | Penobscot Community Health Center | DC | 1,007 | $41.9M | $41,560 | $1,017 | $263 |
| The John F Murphy Homes, Inc. Tax Sheltered Annuity Plan | The John F Murphy Homes, Inc. | DC | 1,000 | $9.7M | $9,744 | $384 | $29.72 |
| Hammond Lumber Company 401(k) Plan | Hammond Lumber Company | DC | 940 | $65.5M | $69,660 | $1,110 | $83.77 |
| Berrydunn 401(k) Profit Sharing Plan | Berry Dunn McNeil & Parker, LLC | DC | 937 | $139M | $148,846 | $7,288 | $213 |
| The Wolak Group 401(k) Plan | Syracuse Foodservice Group, Inc. | DC | 911 | $2.1M | $2,293 | — | $7.49 |
| Hancock Lumber Company, Inc. Profit SHARING/401(K) Plan | Hancock Lumber Company, Inc. | DC | 898 | $56.6M | $63,011 | $1,849 | $237 |
| Camden National Corporation Retirement Savings 401(k) Plan | Camden National Corporation | DC | 870 | $86.8M | $99,786 | $3,034 | $123 |
| Sweetser 403(b) Employees Savings Plan | Sweetser | DC | 857 | $34.6M | $40,361 | $839 | $153 |
| Spectrum Healthcare Partners, P.A. 401(k) Profit Sharing Plan | Spectrum Healthcare Partners, P.A. | DC | 856 | $360M | $420,199 | $19,870 | $693 |
| V.I.P., Inc. Retirement Savings Plan & Trust | V.i.p, Inc. | DC | 801 | $9.3M | $11,644 | $363 | $113 |
| C.N. Brown Co. 401(k) Plan | C.N. Brown Company | DC | 792 | $17.1M | $21,608 | $769 | $117 |
| Versant Power Pension Plan | Versant Power | DB | 784 | $141M | $179,248 | $17,045 | $500 |
| Mount Desert Island Hospital Employee Savings Plan | Mount Desert Island Hospital | DC | 774 | $49.6M | $64,069 | $1,357 | $78.66 |
By plan size
By industry
By plan year
Questions and answers
How many retirement plans are there in Maine?
333 plans with 100 or more participants filed Form 5500 for plan year 2024, out of 548 pension plans on the full form. Smaller plans file Form 5500-SF and are counted separately where shown.
What is the typical 401(k) balance in Maine?
The median defined contribution plan reported $63,322 in net assets per participant (middle half of plans: $31,640 to $105,224); nationally it was $53,031. This is a plan-level average that includes former employees, not a typical person's balance.
What do employers contribute in Maine?
The median defined contribution plan received $2,046 in employer contributions per active participant, against $2,174 nationally. Plans with no employer contribution are included at zero.
What are average 401(k) fees in Maine?
Among defined contribution plans that report any Schedule C compensation, the median was $119 per participant and 0.24% of net assets (nationally $123 and 0.26%). Schedule C leaves out fund expense ratios and fees the employer pays, so it understates total cost.
Where does this come from?
Form 5500 annual reports in the EBSA research files, with filings received through 24 Aug 2026. Medians are computed by this site across plans with 100 or more participants.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 and Form 5500-SF research files, public domain, with filings received through 24 Aug 2026. Totals count every pension plan on the full form; medians and the plan list cover plans with 100 or more participants. See the methodology.