401(k) · DOL Form 5500 · 2022

South Shore Bank 401(k) Plan

Data updated 2026-08-25

$30M
Total assets Below avg plan size
211
Participants Below avg headcount
83rd
Percentile by assets National rank
$143,655
Avg per participant Near avg balance/head
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Official DOL plan name: South Shore Bank 401(k) Plan · Sponsored by South Shore Bank · Massachusetts · Finance & Insurance

$30M in assets, 211 participants

South Shore Bank's South Shore Bank 401(k) Plan reported $30M in total assets and 211 participants in its 2022 DOL Form 5500 filing, ranking in the 83rd 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.

  • #6,706 in Finance & Insurance (9,261 peers)

Coverage in Massachusetts

South Shore Bank 401(k) Plan covers 211 participants in Massachusetts, about 32% of the average Massachusetts filer (state average ~659 per filing). Assets: $30M.

#6,706
in Finance & Insurance (9,261 peers)
-22.2%
assets change YoY
0.3×
vs typical plan assets (national mean)

The plan reported a net loss of $9M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

South Shore Bank 401(k) Plan's outsized position by total assets

South Shore Bank 401(k) Plan vs every filed plan by assets

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

$30,311,262 Top 17% higher than 83% 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

South Shore Bank 401(k) 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. South Shore Bank 401(k) Plan sits mid-pack in the medium band (211 participants).

EBSA filing schedule strip

Filing strip 041963710 · South Shore Bank PY 2022 · 401(k)

South Shore Bank 401(k) Plan · $30M · 211 · 83rd

  • NET $30M
  • BOOK 211
  • VS-ST 83rd
  • BOY 401(k)
  • SCH near Crew Training International, Inc. 401(k) Plan
  • EBSA ind #6706

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 →

South Shore Bank 401(k) Plan in the asset neighbourhood

South Shore Bank 401(k) Plan$30MCrew Training International, Inc. 401(k) PlanCrew Training International,…$30MEp Wealth Advisors Admin, LLC 401(k) PlanEp Wealth Advisors Admin, LL…$30MTri-State Orthopaedics and Sports Medicine Inc. 401(k) Profit Sharing PlanTri-State Orthopaedics and S…$30MNational Keystone Products Co., Inc. 401(k) Profit Sharing PlanNational Keystone Products C…$30M
End-of-year total assets ($M) among South Shore Bank 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Massachusetts filing particulars

Total Assets (Beginning of Year)$39M
Net Assets (End of Year)$30M
Net Income-$9M
Employer EIN041963710
Plan Effective Date1996-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (South Shore Bank)

Sponsor-wide plan assets over time

All South Shore Bank plans reported in each filing year

Latest sponsor-wide plan assets
$39M 27.97525223463147% vs 2022
2024 filing year
$25M$30M$35M$40M 202220232024 $30.3M $38.8M ▲ +28.0%
Year Plans Participants Total Assets
2022 1 211 $30M
2023 1 207 $36M
2024 1 236 $39M

Nearby 401(k) Plans in Massachusetts

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

South Shore Bank 401(k) Plan vs. nearby 401(k) plans in Massachusetts, assets vs. participants Scatter plot of 6 data points. -200000200004000060000 -100102030 Total assets ($B) Participants South Shore Bank 401(k) Plan, Total assets ($B): 0.030311262 · Participants: 211South Shore Bank 401(k) 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
South Shore Bank 401(k) Plan vs. nearby 401(k) plans in Massachusetts, assets vs. participants
Compare South Shore Bank 401(k) Plan side-by-side with 3 peers →

South Shore Bank 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Massachusetts, the nearest 401(k) by assets is Crew Training International, Inc. 401(k) Plan in TN ($30M); by covered participants it is Combs Concrete Construction Company 401(k) Plan in NC (211 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (211 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 South Shore Bank 401(k) Plan assets move in 2022? ▼
South Shore Bank 401(k) Plan declined sharply - down 22.2% during 2022, from $39M to $30M. Reported net income was -$9M.
How have South Shore Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), South Shore Bank's sponsor-wide assets grew 28.0%, from $30M to $39M.
Where does South Shore Bank 401(k) Plan rank by assets among Form 5500 filers? ▼
South Shore Bank 401(k) Plan ranks in the 83rd 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 South Shore Bank 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Crew Training International, Inc. 401(k) Plan in TN ($30M, 498 participants).
Which 401(k) plans cover a similar participant headcount to South Shore Bank 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Combs Concrete Construction Company 401(k) Plan in NC (211 participants, $87K 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 041963710.

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.