401(k) · DOL Form 5500 · 2022

Salem Five Cents Savings Bank 401(k) Plan

Data updated 2026-08-25

$90M
Total assets Below avg plan size
656
Participants Below avg headcount
92nd
Percentile by assets National rank
$136,929
Avg per participant Near avg balance/head
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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.

  • #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.

#8,102
in Finance & Insurance (9,261 peers)
-21.2%
assets change YoY
0.9×
vs typical plan assets (national mean)

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.

Salem Five 401(k) Retirement Plan's outsized position 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 $2,050,000,000 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

Salem Five 401(k) Retirement Plan among mid-size filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Salem Five 401(k) Retirement Plan sits mid-pack in the medium band (656 participants).

Published 5500 schedule card

Filing strip 041802790 · Salem Five Cents Savings Bank PY 2022 · 401(k)

Salem Five 401(k) Retirement Plan · $90M · 656 · 92nd

  • ASSETS $90M
  • ASSETS 656
  • ASSETS 92nd
  • ASSETS 401(k)
  • ASSETS near The Weber-Stephen Products LLC 401(k) Incentive Savings Plan
  • ASSETS ind #8102

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Finance & Insurance retirement plans → · Plans in Massachusetts →

Salem Five 401(k) Retirement Plan in the asset neighbourhood

Jamf Software, LLC 401(k) Profit Sharing PlanJamf Software, LLC 401(k) Pr…$90MBurke, Inc. Profit Sharing and Pay Deferral Savings PlanBurke, Inc. Profit Sharing a…$90MBob Evans Restaurants, LLC 401(k) Retirement PlanBob Evans Restaurants, LLC 4…$90MSalem Five 401(k) Retirement PlanSalem Five 401(k) Retirement…$90MThe Weber-Stephen Products LLC 401(k) Incentive Savings PlanThe Weber-Stephen Products L…$90M
End-of-year total assets ($M) among Salem Five 401(k) Retirement Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

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)

Sponsor-wide plan assets over time

All Salem Five Cents Savings Bank plans reported in each filing year

Latest sponsor-wide plan assets
$183M 16.69994058390558% vs 2022
2024 filing year
$150M$160M$170M$180M$190M 202220232024 $157M $183M ▲ +16.7%
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 ($B) Participants Salem Five 401(k) Retirement Plan, Total assets ($B): 0.089825738 · Participants: 656Salem Five 401(k) Retirement PlanFidelity Retirement Savings Plan, Total assets ($B): 22.953563448 · Participants: 52036Fidelity Retirement Savings PlanLiberty Mutual 401(k) Plan, Total assets ($B): 8.79802945 · Participants: 32843Liberty Mutual 401(k) PlanMassachusetts Institute of Technology Supplemental 401(k) Plan, Total assets ($B): 5.810585521 · Participants: 13690Massachusetts Institute of Technology Supplemental 401(k) PlanPhilips North America 401(k) Plan, Total assets ($B): 5.180251859 · Participants: 19750Philips North America 401(k) PlanBoston Scientific Corporation 401(k) Retirement Savings Plan, Total assets ($B): 4.853752256 · Participants: 18359Boston Scientific Corporation 401(k) Retirement Savings Plan
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 →

Salem Five 401(k) Retirement Plan's out-of-state 401(k) peers by assets and headcount

Outside Massachusetts, the nearest 401(k) by assets is The Weber-Stephen Products LLC 401(k) Incentive Savings Plan in IL ($90M); by covered participants it is The Murphy Oil Corporation 401(k) Plan in TX (656 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (656 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

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).
Which 401(k) plans cover a similar participant headcount to Salem Five 401(k) Retirement Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is The Murphy Oil Corporation 401(k) Plan in TX (656 participants, $187M in assets).

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.