Defined Benefit (Pension) · DOL Form 5500 · 2022

Eastern Bank Pension Plan

Data updated 2026-08-25

$422M
Total assets Above avg plan size
1,758
Participants Near avg headcount
98th
Percentile by assets National rank
$239,934
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 Eastern Bank · Sponsored by Eastern Bank · Massachusetts · Finance & Insurance

$422M in assets, 1,758 participants

Eastern Bank's Sbera Pension Plan as Adopted by Eastern Bank reported $422M in total assets and 1,758 participants in its 2022 DOL Form 5500 filing, ranking in the 98th 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.

  • #8,855 in Finance & Insurance (9,261 peers)

Coverage in Massachusetts

Sbera Pension Plan as Adopted by Eastern Bank covers 1,758 participants in Massachusetts, 2.7x the typical Massachusetts plan (state average ~659 per filing). Assets: $422M.

#8,855
in Finance & Insurance (9,261 peers)
+1.9%
assets growth YoY
4.2×
vs typical plan assets (national mean)

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

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

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

$421,804,246 Top 2% higher than 98% 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 Eastern Bank's large-plan peer group by participant 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 Eastern Bank lands in the large band (1,758 participants).

Published 5500 schedule card

Filing strip 043067724 · Eastern Bank PY 2022 · Defined Benefit (Pension)

Sbera Pension Plan as Adopted by Eastern Bank · $422M · 1,758 · 98th

  • BOOK $422M
  • BOOK 1,758
  • BOOK 98th
  • BOOK Defined Benefit (Pension)
  • BOOK near Pipefitters Local 636 Defined Benefit Pension Fund
  • BOOK ind #8855

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 Eastern Bank in the asset neighbourhood

Swiss Re Group U.S. Employee's Pension PlanSwiss Re Group U.S. Employee…$423MMinneapolis Food Distributing Industry Pension PlanMinneapolis Food Distributin…$423MPipefitters Local 636 Defined Benefit Pension FundPipefitters Local 636 Define…$422MSbera Pension Plan as Adopted by Eastern BankSbera Pension Plan as Adopte…$422MCargill, Inc. and Associated Companies Pension Plan for Union Represented Hourly Wage EmployeesCargill, Inc. and Associated…$421M
End-of-year total assets ($M) among Sbera Pension Plan as Adopted by Eastern Bank and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2022.

Massachusetts filing particulars

Total Assets (Beginning of Year)$414M
Net Assets (End of Year)$422M
Net Income$8M
Employer EIN043067724
Plan Effective Date1981-11-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Eastern Bank)

Sponsor-wide plan assets over time

All Eastern Bank plans reported in each filing year

Latest sponsor-wide plan assets
$946M 3.0497301683910547% vs 2022
2024 filing year
$0.9B$0.95B$1B$1.05B 202220232024 $0.98B $0.95B ▼ -3.1%
Year Plans Participants Total Assets
2022 4 5,829 $976M
2023 3 5,359 $1.0B
2024 3 3,851 $946M

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 Eastern Bank vs. nearby Defined Benefit (Pension) plans in Massachusetts, assets vs. participants Scatter plot of 6 data points. -200000200004000060000 -20246810 Total assets ($B) Participants Sbera Pension Plan as Adopted by Eastern Bank, Total assets ($B): 0.421804246 · Participants: 1758Sbera Pension Plan as Adopted by Eastern 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 Eastern Bank vs. nearby Defined Benefit (Pension) plans in Massachusetts, assets vs. participants
Compare Sbera Pension Plan as Adopted by Eastern Bank side-by-side with 3 peers →

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

Outside Massachusetts, the nearest Defined Benefit (Pension) by assets is Pipefitters Local 636 Defined Benefit Pension Fund in MI ($422M); by covered participants it is Midwest Pension Plan in IL (1,758 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (1,758 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 Eastern Bank assets move in 2022? ▼
Sbera Pension Plan as Adopted by Eastern Bank edged up modestly - up 1.9% during 2022, from $414M to $422M. Reported net income was $8M.
How have Eastern Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Eastern Bank's sponsor-wide assets declined 3.0%, from $976M to $946M.
Where does Sbera Pension Plan as Adopted by Eastern Bank rank by assets among Form 5500 filers? ▼
Sbera Pension Plan as Adopted by Eastern Bank ranks in the 98th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top 5% of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to Sbera Pension Plan as Adopted by Eastern Bank? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Pipefitters Local 636 Defined Benefit Pension Fund in MI ($422M, 1,399 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Sbera Pension Plan as Adopted by Eastern Bank? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Midwest Pension Plan in IL (1,758 participants, $132M 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 043067724.

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.