Defined Benefit (Pension) · DOL Form 5500 · 2022

Somerset Savings Bank, Sla Pension Plan

Data updated 2026-08-25

$16M
Total assets Small plan by assets
57
Participants Small participant base
74th
Percentile by assets National rank
$282,536
Avg per participant High balance/head
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Official DOL plan name: Somerset Savings Bank, Sla Pension Plan · Sponsored by Somerset Savings Bank, Sla · New Jersey · Finance & Insurance

$16M in assets, 57 participants

Somerset Savings Bank, Sla's Somerset Savings Bank, Sla Pension Plan reported $16M in total assets and 57 participants in its 2022 DOL Form 5500 filing, ranking in the 74th 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.

  • #5,471 in Finance & Insurance (9,261 peers)

Somerset Savings Bank, Sla multi-year trail

Somerset Savings Bank, Sla's plans moved +50.5% in assets from 2022 to 2024; this filing shows Somerset Savings Bank, Sla Pension Plan at $16M / 57 participants.

#5,471
in Finance & Insurance (9,261 peers)
-7.4%
assets change YoY

The plan reported a net loss of $1M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Somerset Savings Bank, Sla Pension Plan's outsized position by total assets

Somerset Savings Bank, Sla Pension Plan vs every filed plan by assets

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

$16,104,532 Top 26% higher than 74% 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

Somerset Savings Bank, Sla Pension 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. Somerset Savings Bank, Sla Pension Plan is a small filing (57 participants) on this national headcount ladder.

EBSA filing schedule strip

Filing strip 220784760 · Somerset Savings Bank, Sla PY 2022 · Defined Benefit (Pension)

Somerset Savings Bank, Sla Pension Plan · $16M · 57 · 74th

  • IND $16M
  • EOY 57
  • 5500 74th
  • ASSETS Defined Benefit (Pension)
  • PCT near Penn Security Bank and Trust Company Employees' Pension Plan
  • EIN ind #5471

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 New Jersey →

Somerset Savings Bank, Sla Pension Plan in the asset neighbourhood

Group Pension Plan for Employees of Rail Europe North America Inc.Group Pension Plan for Emplo…$16MSbera Pension Plan as Adopted by Greenfield Savings BankSbera Pension Plan as Adopte…$16MPenn Security Bank and Trust Company Employees' Pension PlanPenn Security Bank and Trust…$16MSomerset Savings Bank, Sla Pension PlanSomerset Savings Bank, Sla P…$16MPension Plan for Employees of York HospitalPension Plan for Employees o…$16M
End-of-year total assets ($M) among Somerset Savings Bank, Sla Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2022.

Somerset Savings Bank, Sla multi-year asset trail

Sponsor-wide plan assets over time

All Somerset Savings Bank, Sla plans reported in each filing year

Latest sponsor-wide plan assets
$41M 50.472843749196436% vs 2022
2024 filing year
$25M$30M$35M$40M$45M 202220232024 $27.6M $41.5M ▲ +50.5%
Year Plans Participants Total Assets
2022 2 115 $28M
2023 3 244 $36M
2024 3 283 $41M

Somerset Savings Bank, Sla filing trail (2022)

Total Assets (Beginning of Year)$17M
Net Assets (End of Year)$16M
Net Income-$1M
Employer EIN220784760
Plan Effective Date1959-05-01
Filing StatusFILING RECEIVED

Nearby Defined Benefit (Pension) Plans in New Jersey

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

Somerset Savings Bank, Sla Pension Plan vs. nearby Defined Benefit (Pension) plans in New Jersey, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -50510152025 Total assets ($B) Participants Somerset Savings Bank, Sla Pension Plan, Total assets ($B): 0.016104532 · Participants: 57Somerset Savings Bank, Sla Pension PlanRetirement Plan of Johnson and Johnson, Total assets ($B): 19.833052673 · Participants: 38100Retirement Plan of Johnson and JohnsonJPMorgan Chase Retirement Plan, Total assets ($B): 14.820156855 · Participants: 102340JPMorgan Chase Retirement PlanNokia Retirement Income Plan, Total assets ($B): 14.495801 · Participants: 7413Nokia Retirement Income PlanThe Prudential Merged Retirement Plan, Total assets ($B): 12.277296822 · Participants: 17538The Prudential Merged Retirement PlanVerizon Pension Plan for Associates, Total assets ($B): 10.941506503 · Participants: 25746Verizon Pension Plan for Associates
Somerset Savings Bank, Sla Pension Plan vs. nearby Defined Benefit (Pension) plans in New Jersey, assets vs. participants
Compare Somerset Savings Bank, Sla Pension Plan side-by-side with 3 peers →

Somerset Savings Bank, Sla Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside New Jersey, the nearest Defined Benefit (Pension) by assets is Penn Security Bank and Trust Company Employees' Pension Plan in PA ($16M); by covered participants it is Emhart Glass U.S. Pension Plan in CT (57 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (57 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 Somerset Savings Bank, Sla Pension Plan assets move in 2022? ▼
Somerset Savings Bank, Sla Pension Plan pulled back noticeably - down 7.4% during 2022, from $17M to $16M. Reported net income was -$1M.
How have Somerset Savings Bank, Sla plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Somerset Savings Bank, Sla's sponsor-wide assets grew 50.5%, from $28M to $41M.
Which Defined Benefit (Pension) plans are similar in size to Somerset Savings Bank, Sla Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Penn Security Bank and Trust Company Employees' Pension Plan in PA ($16M, 48 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Somerset Savings Bank, Sla Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Emhart Glass U.S. Pension Plan in CT (57 participants, $543 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 220784760.

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.