401(k) · DOL Form 5500 · 2023

Watertown Savings Bank 401(k) Plan

Data updated 2026-08-25

$36M
Total assets Below avg plan size
114
Participants Small participant base
82nd
Percentile by assets National rank
$314,349
Avg per participant High balance/head
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Official DOL plan name: Sbera 401(k) Plan as Adopted by Watertown Savings Bank · Sponsored by Watertown Savings Bank · Massachusetts · Finance & Insurance

$36M in assets, 114 participants

Watertown Savings Bank's Sbera 401(k) Plan as Adopted by Watertown Savings Bank reported $36M in total assets and 114 participants in its 2023 DOL Form 5500 filing, ranking in the 82nd 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.

  • #6,381 in Finance & Insurance (8,869 peers)

Coverage in Massachusetts

Sbera 401(k) Plan as Adopted by Watertown Savings Bank covers 114 participants in Massachusetts, about 17% of the average Massachusetts filer (state average ~659 per filing). Assets: $36M.

#6,381
in Finance & Insurance (8,869 peers)
+12.8%
assets growth YoY
0.4×
vs typical plan assets (national mean)

Sbera 401(k) Plan as Adopted by Watertown Savings Bank's outsized position by total assets

Sbera 401(k) Plan as Adopted by Watertown Savings Bank vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$35,835,746 Top 18% higher than 82% of 127,068 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 2023

Sbera 401(k) Plan as Adopted by Watertown Savings Bank among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Sbera 401(k) Plan as Adopted by Watertown Savings Bank sits mid-pack in the medium band (114 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Sbera 401(k) Plan as Adopted by Watertown Savings Bank reported net income rose from -$9M in the plan year 2022 filing to $4M in the plan year 2023 filing.
  • Sbera 401(k) Plan as Adopted by Watertown Savings Bank end-of-year assets rose from $32M in the plan year 2022 filing to $36M in the plan year 2023 filing.
  • Sbera 401(k) Plan as Adopted by Watertown Savings Bank reported participants fell from 120 in the plan year 2022 filing to 114 in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 041950840 · Watertown Savings Bank PY 2023 · 401(k)

Sbera 401(k) Plan as Adopted by Watertown Savings Bank · $36M · 114 · 82nd

  • TYPE $36M
  • NET 114
  • BOOK 82nd
  • VS-ST 401(k)
  • BOY near Mccorvey Sheet Metal Works LP Profit Sharing Plan & Trust
  • SCH ind #6381

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 401(k) Plan as Adopted by Watertown Savings Bank in the asset neighbourhood

Sbera 401(k) Plan as Adopted by Watertown Savings BankSbera 401(k) Plan as Adopted…$36MMccorvey Sheet Metal Works LP Profit Sharing Plan & TrustMccorvey Sheet Metal Works L…$36MMerchants Bancorp 401(k) Plan$36MCampbell Scientific, Inc. 401(k) Profit Sharing PlanCampbell Scientific, Inc. 40…$36MMuller Engineering Company, Inc. 401(k) PlanMuller Engineering Company, …$36M
End-of-year total assets ($M) among Sbera 401(k) Plan as Adopted by Watertown Savings Bank and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Massachusetts filing particulars

Total Assets (Beginning of Year)$32M
Net Assets (End of Year)$36M
Net Income$4M
Employer EIN041950840
Plan Effective Date1993-11-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Watertown Savings Bank)

Sponsor-wide plan assets over time

All Watertown Savings Bank plans reported in each filing year

Latest sponsor-wide plan assets
$78M 25.958003906901713% vs 2022
2024 filing year
$60M$65M$70M$75M$80M$85M 202220232024 $62.3M $78.4M ▲ +26.0%
Year Plans Participants Total Assets
2022 2 225 $62M
2023 2 210 $72M
2024 2 210 $78M

Nearby 401(k) Plans in Massachusetts

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Sbera 401(k) Plan as Adopted by Watertown Savings Bank vs. nearby 401(k) plans in Massachusetts, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -10010203040 Total assets ($B) Participants Sbera 401(k) Plan as Adopted by Watertown Savings Bank, Total assets ($B): 0.035835746 · Participants: 114Sbera 401(k) Plan as Adopted by Watertown Savings BankFidelity Retirement Savings Plan, Total assets ($B): 28.649852331 · Participants: 62289Fidelity Retirement Savings PlanLiberty Mutual 401(k) Plan, Total assets ($B): 10.556596852 · Participants: 37052Liberty Mutual 401(k) PlanMassachusetts Institute of Technology Supplemental 401(k) Plan, Total assets ($B): 6.829912863 · Participants: 14094Massachusetts Institute of Technology Supplemental 401(k) PlanBoston Scientific Corporation 401(k) Retirement Savings Plan, Total assets ($B): 5.786107181 · Participants: 19881Boston Scientific Corporation 401(k) Retirement Savings PlanPhilips North America 401(k) Plan, Total assets ($B): 5.779286156 · Participants: 19120Philips North America 401(k) Plan
Sbera 401(k) Plan as Adopted by Watertown Savings Bank vs. nearby 401(k) plans in Massachusetts, assets vs. participants
Compare Sbera 401(k) Plan as Adopted by Watertown Savings Bank side-by-side with 3 peers →

Sbera 401(k) Plan as Adopted by Watertown Savings Bank's out-of-state 401(k) peers by assets and headcount

Outside Massachusetts, the nearest 401(k) by assets is Mccorvey Sheet Metal Works LP Profit Sharing Plan & Trust in TX ($36M); by covered participants it is Austin Medical Center 403b Plan in MN (114 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (114 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Sbera 401(k) Plan as Adopted by Watertown Savings Bank assets move in 2023? ▼
Sbera 401(k) Plan as Adopted by Watertown Savings Bank grew at a solid clip - up 12.8% during 2023, from $32M to $36M. Reported net income was $4M.
How have Watertown Savings Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Watertown Savings Bank's sponsor-wide assets grew 26.0%, from $62M to $78M.
Where does Sbera 401(k) Plan as Adopted by Watertown Savings Bank rank by assets among Form 5500 filers? ▼
Sbera 401(k) Plan as Adopted by Watertown Savings Bank ranks in the 82nd percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Sbera 401(k) Plan as Adopted by Watertown Savings Bank? ▼
Among 401(k) plans in other states, the closest by assets is Mccorvey Sheet Metal Works LP Profit Sharing Plan & Trust in TX ($36M, 768 participants).
Which 401(k) plans cover a similar participant headcount to Sbera 401(k) Plan as Adopted by Watertown Savings Bank? ▼
Among 401(k) plans in other states, the closest by covered participants is Austin Medical Center 403b Plan in MN (114 participants, N/A in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 041950840.

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.