Defined Benefit (Pension) · DOL Form 5500 · 2022
Independence Community Bank C/O Santander Holdings USA, Inc. Pension Plan
Data updated 2026-08-25
- $80M
- Total assets Below avg plan size
- 64
- Participants Small participant base
- 91st
- Percentile by assets National rank
- $1.2M
- Avg per participant High balance/head
Official DOL plan name: Independence Community Bank Employees Retirement Plan · Sponsored by Independence Community Bank C/O Santander Holdings USA, Inc. · Massachusetts · Finance & Insurance
$80M in assets, 64 participants
Independence Community Bank C/O Santander Holdings USA, Inc.'s Independence Community Bank Employees Retirement Plan reported $80M in total assets and 64 participants in its 2022 DOL Form 5500 filing, ranking in the 91st 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.
- #7,991 in Finance & Insurance (9,261 peers)
Where Independence Community Bank Employees Retirement Plan sits by assets
Independence Community Bank Employees Retirement Plan sits in the top 10% of all filed plans by assets, $80M for 64 participants (~$1.2M/participant), down 26.3% in 2022.
- #7,991
- in Finance & Insurance (9,261 peers)
- -26.3%
- assets change YoY
- 0.8×
- vs typical plan assets (national mean)
The plan reported a net loss of $29M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Independence Community Bank Employees Retirement Plan's outsized position by total assets
Independence Community Bank Employees Retirement Plan vs every filed plan by assets
End-of-year total assets · plan year 2022 · DOL Form 5500
$79,792,218 Top 9% higher than 91% of 139,123 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022
Independence Community Bank Employees Retirement Plan among smaller filed plans by headcount
Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Independence Community Bank Employees Retirement Plan is a small filing (64 participants) on this national headcount ladder.
EBSA filing schedule strip
Filing strip 111350490 · Independence Community Bank C/O Santander Holdings USA, Inc. PY 2022 · Defined Benefit (Pension)
Independence Community Bank Employees Retirement Plan · $80M · 64 · 91st
- VS-ST $80M
- VS-ST 64
- VS-ST 91st
- VS-ST Defined Benefit (Pension)
- VS-ST near O & G Industries, Inc. Defined Benefit Pension Plan
- VS-ST ind #7991
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 →
Independence Community Bank Employees Retirement Plan in the asset neighbourhood
Scale-class filing particulars (2022)
| Total Assets (Beginning of Year) | $108M |
|---|---|
| Net Assets (End of Year) | $80M |
| Net Income | -$29M |
| Employer EIN | 111350490 |
| Plan Effective Date | 1953-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Independence Community Bank C/O Santander Holdings USA, Inc.)
Sponsor-wide plan assets over time
All Independence Community Bank C/O Santander Holdings USA, Inc. plans reported in each filing year
- Latest sponsor-wide plan assets
- $60M 24.205820422237164% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 64 | $80M |
| 2023 | 1 | 59 | $79M |
| 2024 | 1 | 53 | $60M |
Nearby Defined Benefit (Pension) Plans in Massachusetts
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
- Consolidated Cash Balance Program of Mass General Brigham and Member Organizations $9.1B · 55,495
- Liberty Mutual Retirement Benefit Plan $6.8B · 33,087
- Massachusetts Institute of Technology Basic Retirement Plan $5.3B · 11,835
- N. Atlantic States Carp. Pension Fund $4.8B · 17,323
- N. Atlantic States Carp. Guaranteed Annuity Fund $3.6B · 10,962
Independence Community Bank Employees Retirement Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount
Outside Massachusetts, the nearest Defined Benefit (Pension) by assets is O & G Industries, Inc. Defined Benefit Pension Plan in CT ($80M); by covered participants it is United Heritage Credit Union Defined Benefit Plan and Trust in TX (64 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($80M here).
- O & G Industries, Inc. Defined Benefit Pension Plan (CT) $80M · 183
- Local No. 8 Retirement Fund (NY) $80M · 255
- Legrand North America Retirement Plan (CT) $80M · 146
- Plumbers and Steamfitters Local 60 Pension Fund (LA) $80M · 530
Similar participant headcount
Nearest other-state filings by covered participants (64 participants); asset peers above are excluded.
- United Heritage Credit Union Defined Benefit Plan and Trust (TX) 64 · 0 off
- Badger Foundry Company Pension Plan (MN) 64 · 0 off
- Post Precision Castings, Inc. Production and Maintenance Employees' Pension Plan (PA) 64 · 0 off
- Newmarket Corporation Retirement Income Plan for Union Employees Located in Houston, Texas (VA) 64 · 0 off
DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.