401(k) · DOL Form 5500 · 2022

Salem Five Cents Savings Bank 401(k) Plan

Data updated 2026-08-11

$90M
Total assets
656
Participants
92nd
Percentile by assets
$136,929
Avg per participant
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Official DOL plan name: Salem Five 401(k) Retirement Plan · Sponsored by Salem Five Cents Savings Bank · Massachusetts · Finance & Insurance

$90M in assets, 656 participants

Salem Five Cents Savings Bank's Salem Five 401(k) Retirement Plan reported $90M in total assets and 656 participants in its 2022 DOL Form 5500 filing, ranking in the 92nd 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.

  • 92nd percentile by assets (of 139,126 plans)
  • #8,102 in Finance & Insurance (9,261 peers)

Where Salem Five 401(k) Retirement Plan sits by assets

Salem Five 401(k) Retirement Plan sits in the top 10% of all filed plans by assets, $90M for 656 participants (~$136,929/participant), down 21.2% in 2022.

$90M
total plan assets (2022 EOY)
656
covered participants
92nd
percentile by assets (of 139,126 plans)
$136,929
avg assets per participant

The plan reported a net loss of $24M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Where Salem Five 401(k) Retirement Plan sits by total assets

Salem Five 401(k) Retirement Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$89,825,738 Top 8% higher than 92% of 139,123 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 2022

State
Massachusetts
Industry
Finance & Insurance

Salem Five 401(k) Retirement Plan vs the 2022 asset distribution

By assets, Salem Five 401(k) Retirement Plan outranks 92% of the 139,126 plans that filed a Form 5500 for the 2022 plan year, and holds roughly 0.9x the national average plan size of $100M (721 average participants).

Scale-class filing particulars (2022)

Total Assets (Beginning of Year)$114M
Net Assets (End of Year)$90M
Net Income-$24M
Employer EIN041802790
Plan Effective Date1993-11-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Salem Five Cents Savings Bank)

$150M$160M$170M$180M$190M 202220232024 $157M $183M ▲ +16.7%
Total plan assets by year, all Salem Five Cents Savings Bank plans on file
Year Plans Participants Total Assets
2022 2 770 $157M
2023 2 741 $174M
2024 2 754 $183M

Nearby 401(k) Plans in Massachusetts

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Salem Five 401(k) Retirement Plan vs. nearby 401(k) plans in Massachusetts, assets vs. participants Scatter plot of 6 data points. -200000200004000060000 -100102030 Total assets ($B) Participants Salem Five 401(k) Re…, Total assets ($B): 0.089825738 · Participants: 656Salem Five 401(k) Re…Fidelity Retirement …, Total assets ($B): 22.953563448 · Participants: 52036Fidelity Retirement …Liberty Mutual 401(k…, Total assets ($B): 8.79802945 · Participants: 32843Liberty Mutual 401(k…Massachusetts Instit…, Total assets ($B): 5.810585521 · Participants: 13690Massachusetts Instit…Philips North Americ…, Total assets ($B): 5.180251859 · Participants: 19750Philips North Americ…Boston Scientific Co…, Total assets ($B): 4.853752256 · Participants: 18359Boston Scientific Co…
Salem Five 401(k) Retirement Plan vs. nearby 401(k) plans in Massachusetts, assets vs. participants
Compare Salem Five 401(k) Retirement Plan side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Salem Five 401(k) Retirement Plan by total assets, not by location.

Frequently Asked Questions

How did Salem Five 401(k) Retirement Plan assets move in 2022? ▼
Salem Five 401(k) Retirement Plan declined sharply - down 21.2% during 2022, from $114M to $90M. Reported net income was -$24M.
How have Salem Five Cents Savings Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Salem Five Cents Savings Bank's sponsor-wide assets grew 16.7%, from $157M to $183M.
Where does Salem Five 401(k) Retirement Plan rank by assets among Form 5500 filers? ▼
Salem Five 401(k) Retirement Plan ranks in the 92nd percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top 10% of all filed plans by assets).
Which 401(k) plans are similar in size to Salem Five 401(k) Retirement Plan? ▼
Among 401(k) plans in other states, the closest by assets is The Weber-Stephen Products LLC 401(k) Incentive Savings Plan in IL ($90M, 1,574 participants).

Next read for Salem Five 401(k) Retirement Plan

Scale reading

Ways to act on Salem Five 401(k) Retirement Plan's numbers.

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 041802790.

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.