Defined Benefit (Pension) · DOL Form 5500 · 2022

Cornerstone Bank Pension Plan

Data updated 2026-08-25

$7M
Total assets Small plan by assets
37
Participants Small participant base
57th
Percentile by assets National rank
$184,233
Avg per participant Above avg balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Sbera Pension Plan as Adopted by Spencer Savings Bank · Sponsored by Cornerstone Bank · Massachusetts · Finance & Insurance

$7M in assets, 37 participants

Cornerstone Bank's Sbera Pension Plan as Adopted by Spencer Savings Bank reported $7M in total assets and 37 participants in its 2022 DOL Form 5500 filing, ranking in the 57th 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.

  • #3,758 in Finance & Insurance (9,261 peers)

Cornerstone Bank multi-year trail

Cornerstone Bank's plans moved +24.2% in assets from 2022 to 2024; this filing shows Sbera Pension Plan as Adopted by Spencer Savings Bank at $7M / 37 participants.

#3,758
in Finance & Insurance (9,261 peers)
-3.6%
assets change YoY

The plan reported a net loss of $252K 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 Spencer Savings Bank's mid-pack asset rank among Finance & Insurance and all filers

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

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

$6,816,603 Top 43% higher than 57% 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 Spencer Savings 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 Spencer Savings Bank is a small filing (37 participants) on this national headcount ladder.

EBSA filing schedule strip

Filing strip 041856390 · Cornerstone Bank PY 2022 · Defined Benefit (Pension)

Sbera Pension Plan as Adopted by Spencer Savings Bank · $7M · 37 · 57th

  • IND $7M
  • IND 37
  • IND 57th
  • IND Defined Benefit (Pension)
  • IND near Durham Pension Plan
  • IND ind #3758

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 Spencer Savings Bank in the asset neighbourhood

Sbera Pension Plan as Adopted by Spencer Savings BankSbera Pension Plan as Adopte…$7MDurham Pension Plan$7MShasta-Butte Electrical Workers Pension PlanShasta-Butte Electrical Work…$7MBlue Sky Blue Sea, Inc. Defined Benefit Pension PlanBlue Sky Blue Sea, Inc. Defi…$7MStrippit, Inc. Pension Plan for Salaried EmployeesStrippit, Inc. Pension Plan …$7M
End-of-year total assets ($M) among Sbera Pension Plan as Adopted by Spencer Savings Bank and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2022.

Cornerstone Bank multi-year asset trail

Sponsor-wide plan assets over time

All Cornerstone Bank plans reported in each filing year

Latest sponsor-wide plan assets
$47M 24.241143182945944% vs 2022
2024 filing year
$35M$40M$45M$50M 202220232024 $37.9M $47.1M ▲ +24.2%
Year Plans Participants Total Assets
2022 3 222 $38M
2023 3 222 $45M
2024 2 219 $47M

Cornerstone Bank filing trail (2022)

Total Assets (Beginning of Year)$7M
Net Assets (End of Year)$7M
Net Income-$252K
Employer EIN041856390
Plan Effective Date1989-11-01
Filing StatusFILING RECEIVED

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 Spencer Savings Bank vs. nearby Defined Benefit (Pension) plans in Massachusetts, assets vs. participants Scatter plot of 6 data points. -200000200004000060000 -20246810 Total assets ($B) Participants Sbera Pension Plan as Adopted by Spencer Savings Bank, Total assets ($B): 0.006816603 · Participants: 37Sbera Pension Plan as Adopted by Spencer Savings 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 Spencer Savings Bank vs. nearby Defined Benefit (Pension) plans in Massachusetts, assets vs. participants
Compare Sbera Pension Plan as Adopted by Spencer Savings Bank side-by-side with 3 peers →

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

Outside Massachusetts, the nearest Defined Benefit (Pension) by assets is Durham Pension Plan in NC ($7M); by covered participants it is Retirement Plan for Employees of Richardson Aviation in TX (37 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (37 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 Spencer Savings Bank assets move in 2022? ▼
Sbera Pension Plan as Adopted by Spencer Savings Bank edged down modestly - down 3.6% during 2022, from $7M to $7M. Reported net income was -$252K.
How have Cornerstone Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Cornerstone Bank's sponsor-wide assets grew 24.2%, from $38M to $47M.
Which Defined Benefit (Pension) plans are similar in size to Sbera Pension Plan as Adopted by Spencer Savings Bank? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Durham Pension Plan in NC ($7M, 8 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Sbera Pension Plan as Adopted by Spencer Savings Bank? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Retirement Plan for Employees of Richardson Aviation in TX (37 participants, $20M 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 041856390.

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.