Defined Benefit (Pension) · DOL Form 5500 · 2022

Florence Bank Pension Plan

Data updated 2026-08-11

$39M
Total assets
57
Participants
86th
Percentile by assets
$684,200
Avg per participant
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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.

  • 86th percentile by assets (of 139,126 plans)
  • #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.

$39M
total plan assets (2022 EOY)
57
covered participants
86th
percentile by assets (of 139,126 plans)
$684,200
avg assets per participant

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.

Where Sbera Pension Plan as Adopted by Florence Bank sits 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 $2,010,000,000 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

State
Massachusetts
Industry
Finance & Insurance

Sbera Pension Plan as Adopted by Florence Bank vs the 2022 asset distribution

By assets, Sbera Pension Plan as Adopted by Florence Bank outranks 86% of the 139,126 plans that filed a Form 5500 for the 2022 plan year, and holds roughly 0.4x the national average plan size of $100M (721 average participants).

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)

$60M$70M$80M$90M 202220232024 $64.2M $87.2M ▲ +35.8%
Total plan assets by year, all Florence Bank plans on file
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 ($B) Participants Sbera Pension Plan a…, Total assets ($B): 0.038999428 · Participants: 57Sbera Pension Plan a…Consolidated Cash Ba…, Total assets ($B): 9.07532048 · Participants: 55495Consolidated Cash Ba…Liberty Mutual Retir…, Total assets ($B): 6.756596242 · Participants: 33087Liberty Mutual Retir…Massachusetts Instit…, Total assets ($B): 5.281152611 · Participants: 11835Massachusetts Instit…N. Atlantic States C…, Total assets ($B): 4.758508912 · Participants: 17323N. Atlantic States C…N. Atlantic States C…, Total assets ($B): 3.594095954 · Participants: 10962N. Atlantic States C…
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 Florenc… side-by-side with 3 peers →

Similar-Sized Defined Benefit (Pension) Plans Nationally

Defined Benefit (Pension) plans in other states closest to Sbera Pension Plan as Adopted by Florence Bank by total assets, not by location.

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).

Next read for Sbera Pension Plan as Adopted by Florenc…

Scale reading

Ways to act on Sbera Pension Plan as Adopted by Florence Bank's numbers.

  • By total assets, Sbera Pension Plan as Adopted by Florence Bank ranks in the top quartile of all filed plans by assets. See the largest plans
  • Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in Massachusetts. Compare plans
  • Florence Bank's sponsor-wide assets have grown 35.8% since 2022 across 3 plan years on file. More Finance & Insurance plans

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.