Defined Benefit (Pension) · DOL Form 5500 · 2022

Florence Bank Pension Plan

Data updated 2026-08-25

$39M
Total assets Below avg plan size
57
Participants Small participant base
86th
Percentile by assets National rank
$684,200
Avg per participant High balance/head
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Official DOL plan name: Sbera Pension Plan as Adopted by Florence Bank · Sponsored by Florence Bank · Massachusetts · Finance & Insurance

$39M in assets, 57 participants

Florence Bank's Sbera Pension Plan as Adopted by Florence Bank reported $39M in total assets and 57 participants in its 2022 DOL Form 5500 filing, ranking in the 86th 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.

  • #7,142 in Finance & Insurance (9,261 peers)

Where Sbera Pension Plan as Adopted by Florence Bank sits by assets

Sbera Pension Plan as Adopted by Florence Bank sits in the top quartile of all filed plans by assets, $39M for 57 participants (~$684,200/participant), down 1.0% in 2022.

#7,142
in Finance & Insurance (9,261 peers)
-1.0%
assets change YoY
0.4×
vs typical plan assets (national mean)

The plan reported a net loss of $406K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Sbera Pension Plan as Adopted by Florence Bank's outsized position by total assets

Sbera Pension Plan as Adopted by Florence Bank vs every filed plan by assets

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

$38,999,428 Top 14% higher than 86% 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 Pension Plan as Adopted by Florence Bank among smaller filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Sbera Pension Plan as Adopted by Florence Bank is a small filing (57 participants) on this national headcount ladder.

EBSA filing schedule strip

Filing strip 041332530 · Florence Bank PY 2022 · Defined Benefit (Pension)

Sbera Pension Plan as Adopted by Florence Bank · $39M · 57 · 86th

  • PCT $39M
  • EIN 57
  • RANK 86th
  • PHOTO Defined Benefit (Pension)
  • IND near Major League Baseball Pension Plan for Non-Uniformed Personnel
  • EOY ind #7142

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 Pension Plan as Adopted by Florence Bank in the asset neighbourhood

Pillsbury Winthrop Shaw Pittman LLP Cash Balance Plan No. 2Pillsbury Winthrop Shaw Pitt…$39MMajor League Baseball Pension Plan for Non-Uniformed PersonnelMajor League Baseball Pensio…$39MSbera Pension Plan as Adopted by Florence BankSbera Pension Plan as Adopte…$39MLocal 1102 Amalgamated Pension FundLocal 1102 Amalgamated Pensi…$39MSt Mary's Bank-Lacaisse Populaire Ste-Marie Cu Cash Balance Defined Benefit Retirement Pension PlanSt Mary's Bank-Lacaisse Popu…$39M
End-of-year total assets ($M) among Sbera Pension Plan as Adopted by Florence Bank and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2022.

Scale-class filing particulars (2022)

Total Assets (Beginning of Year)$39M
Net Assets (End of Year)$39M
Net Income-$406K
Employer EIN041332530
Plan Effective Date1981-11-01
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 Defined Benefit (Pension) Plans in Massachusetts

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

Sbera Pension Plan as Adopted by Florence Bank vs. nearby Defined Benefit (Pension) plans in Massachusetts, assets vs. participants Scatter plot of 6 data points. -200000200004000060000 -20246810 Total assets ($B) Participants Sbera Pension Plan as Adopted by Florence Bank, Total assets ($B): 0.038999428 · Participants: 57Sbera Pension Plan as Adopted by Florence BankConsolidated Cash Balance Program of Mass General Brigham and Member Organizations, Total assets ($B): 9.07532048 · Participants: 55495Consolidated Cash Balance Program of Mass General Brigham and Member OrganizationsLiberty Mutual Retirement Benefit Plan, Total assets ($B): 6.756596242 · Participants: 33087Liberty Mutual Retirement Benefit PlanMassachusetts Institute of Technology Basic Retirement Plan, Total assets ($B): 5.281152611 · Participants: 11835Massachusetts Institute of Technology Basic Retirement PlanN. Atlantic States Carp. Pension Fund, Total assets ($B): 4.758508912 · Participants: 17323N. Atlantic States Carp. Pension FundN. Atlantic States Carp. Guaranteed Annuity Fund, Total assets ($B): 3.594095954 · Participants: 10962N. Atlantic States Carp. Guaranteed Annuity Fund
Sbera Pension Plan as Adopted by Florence Bank vs. nearby Defined Benefit (Pension) plans in Massachusetts, assets vs. participants
Compare Sbera Pension Plan as Adopted by Florence Bank side-by-side with 3 peers →

Sbera Pension Plan as Adopted by Florence Bank's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Massachusetts, the nearest Defined Benefit (Pension) by assets is Major League Baseball Pension Plan for Non-Uniformed Personnel in FL ($39M); 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 Sbera Pension Plan as Adopted by Florence Bank assets move in 2022? ▼
Sbera Pension Plan as Adopted by Florence Bank edged down modestly - down 1.0% during 2022, from $39M to $39M. Reported net income was -$406K.
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 Pension Plan as Adopted by Florence Bank rank by assets among Form 5500 filers? ▼
Sbera Pension Plan as Adopted by Florence Bank ranks in the 86th 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 Defined Benefit (Pension) plans are similar in size to Sbera Pension Plan as Adopted by Florence Bank? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Major League Baseball Pension Plan for Non-Uniformed Personnel in FL ($39M, 101 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Sbera Pension Plan as Adopted by Florence Bank? ▼
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 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.