Norway Savings Bank
Form 5500 DataOverview
Plan Description
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Plan Details
Plan data has been audited by an Independent Qualified Public Accountant (IQPA). Address 261 Main Street Po Box 347
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LocationNorway , ME04268
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IndustrySavings Institutions
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AdministratorRichelle Wallace
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Net Plan Assets$27,900,000
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Total Participants320
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Avg Account Balance$89,000
Plan Components
Component Ratings
Design
Performance
Design
Performance
Peer Group Plans
Company | Rating |
---|---|
Keypoint Credit Union | 78.8 |
ServisFirst Bank | 78.4 |
Farmington Bank | 77.5 |
Dedham Institution for Savings | 77.2 |
FORUM Credit Union | 75.7 |
Hawthorn Bancshares | 67.2 |
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Top Industry Articles
The Stable Value Guaranteed Income Fund can be a valuable option for the conservative portion of anyone’s portfolio, says Patrick Murphy, CEO, John Hancock Retirement.
HELPER Act would allow Americans to annually take up to $5,250 from a 401(k), 403(b), 457 plan or IRA—tax and penalty free—to pay for college or pay back student loans.
While the GDPR does not directly address U.S. benefit plans, it should be of particular interest to defined contribution plan sponsors and their service providers because they hold personal information for each plan participant.
The Center for Retirement Research says the reduction for claiming early is currently too large while the increase for claiming late is about right.
Investments
Largest Funds in this Plan | Allocation of Assets | 1 YR Rank in Category |
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American Funds (Capital Group) Target Date Retirement | 20% |
9%
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BlackRock Ready Assets USA Government Money | 10% |
N/A
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MFS Moderate Allocation | 10% |
12%
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100%
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100%
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100%
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100%
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View all funds in this plan
Providers
Articles and Questions

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