401(k) · DOL Form 5500 · 2022

Florence Bank 401(k) Plan

Data updated 2026-08-25

$25M
Total assets Below avg plan size
197
Participants Below avg headcount
81st
Percentile by assets National rank
$127,891
Avg per participant Near avg balance/head
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Official DOL plan name: Sbera 401(k) Plan as Adopted by Florence Bank · Sponsored by Florence Bank · Massachusetts · Finance & Insurance

$25M in assets, 197 participants

Florence Bank's Sbera 401(k) Plan as Adopted by Florence Bank reported $25M in total assets and 197 participants in its 2022 DOL Form 5500 filing, ranking in the 81st 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.

  • #6,374 in Finance & Insurance (9,261 peers)

Coverage in Massachusetts

Sbera 401(k) Plan as Adopted by Florence Bank covers 197 participants in Massachusetts, about 30% of the average Massachusetts filer (state average ~659 per filing). Assets: $25M.

#6,374
in Finance & Insurance (9,261 peers)
-16.3%
assets change YoY
0.3×
vs typical plan assets (national mean)

The plan reported a net loss of $5M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Sbera 401(k) Plan as Adopted by Florence Bank's outsized position by total assets

Sbera 401(k) Plan as Adopted by Florence Bank vs every filed plan by assets

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

$25,194,553 Top 19% higher than 81% 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

Sbera 401(k) Plan as Adopted by Florence Bank 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. Sbera 401(k) Plan as Adopted by Florence Bank sits mid-pack in the medium band (197 participants).

Form 5500 schedule snapshot

Filing strip 041332530 · Florence Bank PY 2022 · 401(k)

Sbera 401(k) Plan as Adopted by Florence Bank · $25M · 197 · 81st

  • RANK $25M
  • RANK 197
  • RANK 81st
  • RANK 401(k)
  • RANK near Adb Safegate Americas LLC 401(k) Plan
  • RANK ind #6374

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 →

Sbera 401(k) Plan as Adopted by Florence Bank in the asset neighbourhood

Adb Safegate Americas LLC 401(k) PlanAdb Safegate Americas LLC 40…$25MVortex Employees 401(k) Plan$25MSbera 401(k) Plan as Adopted by Florence BankSbera 401(k) Plan as Adopted…$25MCamp Family Ventures 401(k) PlanCamp Family Ventures 401(k) …$25MConcept Rehab, Inc. 401(k) PlanConcept Rehab, Inc. 401(k) P…$25M
End-of-year total assets ($M) among Sbera 401(k) Plan as Adopted by Florence Bank and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Massachusetts filing particulars

Total Assets (Beginning of Year)$30M
Net Assets (End of Year)$25M
Net Income-$5M
Employer EIN041332530
Plan Effective Date1993-02-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Florence Bank)

Sponsor-wide plan assets over time

All Florence Bank plans reported in each filing year

Latest sponsor-wide plan assets
$87M 35.81192292778976% vs 2022
2024 filing year
$60M$70M$80M$90M 202220232024 $64.2M $87.2M ▲ +35.8%
Year Plans Participants Total Assets
2022 2 254 $64M
2023 2 258 $77M
2024 2 270 $87M

Nearby 401(k) Plans in Massachusetts

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

Sbera 401(k) Plan as Adopted by Florence Bank vs. nearby 401(k) plans in Massachusetts, assets vs. participants Scatter plot of 6 data points. -200000200004000060000 -100102030 Total assets ($B) Participants Sbera 401(k) Plan as Adopted by Florence Bank, Total assets ($B): 0.025194553 · Participants: 197Sbera 401(k) Plan as Adopted by Florence BankFidelity 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
Sbera 401(k) Plan as Adopted by Florence Bank vs. nearby 401(k) plans in Massachusetts, assets vs. participants
Compare Sbera 401(k) Plan as Adopted by Florence Bank side-by-side with 3 peers →

Sbera 401(k) Plan as Adopted by Florence Bank's out-of-state 401(k) peers by assets and headcount

Outside Massachusetts, the nearest 401(k) by assets is Adb Safegate Americas LLC 401(k) Plan in OH ($25M); by covered participants it is Solar Supply, LLC 401(k) Profit Sharing Plan in LA (197 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($25M here).

Similar participant headcount

Nearest other-state filings by covered participants (197 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 Sbera 401(k) Plan as Adopted by Florence Bank assets move in 2022? ▼
Sbera 401(k) Plan as Adopted by Florence Bank declined sharply - down 16.3% during 2022, from $30M to $25M. Reported net income was -$5M.
How have Florence Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Florence Bank's sponsor-wide assets grew 35.8%, from $64M to $87M.
Where does Sbera 401(k) Plan as Adopted by Florence Bank rank by assets among Form 5500 filers? ▼
Sbera 401(k) Plan as Adopted by Florence Bank ranks in the 81st percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Sbera 401(k) Plan as Adopted by Florence Bank? ▼
Among 401(k) plans in other states, the closest by assets is Adb Safegate Americas LLC 401(k) Plan in OH ($25M, 214 participants).
Which 401(k) plans cover a similar participant headcount to Sbera 401(k) Plan as Adopted by Florence Bank? ▼
Among 401(k) plans in other states, the closest by covered participants is Solar Supply, LLC 401(k) Profit Sharing Plan in LA (197 participants, $16M 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 041332530.

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.