401(k) · DOL Form 5500 · 2023

The Savings Bank Mutual Life Insurance Company of Massachusetts 401(k) Plan

Data updated 2026-08-11

$83M
Total assets
198
Participants
90th
Percentile by assets
$421,428
Avg per participant
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Official DOL plan name: The Savings Bank Mutual Life Insurance Company of Massachusetts 401(k) Plan · Sponsored by The Savings Bank Mutual Life Insurance Company of Massachusetts · Massachusetts · Finance & Insurance

$83M in assets, 198 participants

The Savings Bank Mutual Life Insurance Company of Massachusetts's The Savings Bank Mutual Life Insurance Company of Massachusetts 401(k) Plan reported $83M in total assets and 198 participants in its 2023 DOL Form 5500 filing, ranking in the 90th 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.

  • 90th percentile by assets (of 127,072 plans)
  • #7,508 in Finance & Insurance (8,869 peers)

Coverage in Massachusetts

The Savings Bank Mutual Life Insurance Company of Massachusetts 401(k) Plan covers 198 participants in Massachusetts, about 30% of the average Massachusetts filer (state average ~659 per filing). Assets: $83M.

$83M
total plan assets (2023 EOY)
198
covered participants
90th
percentile by assets (of 127,072 plans)
$421,428
avg assets per participant

Where The Savings Bank Mutual Life Insurance Company of Massachusetts 401(k) Plan sits by total assets

The Savings Bank Mutual Life Insurance Company of Massachusetts 401(k) Plan vs every filed plan by assets

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

$83,442,671 Top 10% higher than 90% of 127,068 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 2023

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • The Savings Bank Mutual Life Insurance Company of Massachusetts 401(k) Plan reported net income rose from -$18M in the plan year 2022 filing to $16M in the plan year 2023 filing.
  • The Savings Bank Mutual Life Insurance Company of Massachusetts 401(k) Plan end-of-year assets rose from $68M in the plan year 2022 filing to $83M in the plan year 2023 filing.
  • The Savings Bank Mutual Life Insurance Company of Massachusetts 401(k) Plan reported participants rose from 193 in the plan year 2022 filing to 198 in the plan year 2023 filing.

See the national 2022→2023 release diff →

State
Massachusetts
Industry
Finance & Insurance

Participants vs Massachusetts filers

In Massachusetts, the average filing covers about 659 participants across 4,265 plans. The Savings Bank Mutual Life Insurance Company of Massachusetts 401(k) Plan reports 198 participants - about 30% of that state average ($83M EOY assets).

Massachusetts filing particulars

Total Assets (Beginning of Year)$68M
Net Assets (End of Year)$83M
Net Income$16M
Employer EIN043117253
Plan Effective Date1993-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (The Savings Bank Mutual Life Insurance Company of Massachusetts)

$60M$70M$80M$90M$100M 202220232024 $67.7M $91.9M ▲ +35.8%
Total plan assets by year, all The Savings Bank Mutual Life Insurance Company of Massachusetts plans on file
Year Plans Participants Total Assets
2022 1 193 $68M
2023 1 198 $83M
2024 1 186 $92M

Nearby 401(k) Plans in Massachusetts

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

The Savings Bank Mutual Life Insurance Company of Massachusetts 401(k) Plan vs. nearby 401(k) plans in Massachusetts, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -10010203040 Total assets ($B) Participants The Savings Bank Mut…, Total assets ($B): 0.083442671 · Participants: 198The Savings Bank Mut…Fidelity Retirement …, Total assets ($B): 28.649852331 · Participants: 62289Fidelity Retirement …Liberty Mutual 401(k…, Total assets ($B): 10.556596852 · Participants: 37052Liberty Mutual 401(k…Massachusetts Instit…, Total assets ($B): 6.829912863 · Participants: 14094Massachusetts Instit…Boston Scientific Co…, Total assets ($B): 5.786107181 · Participants: 19881Boston Scientific Co…Philips North Americ…, Total assets ($B): 5.779286156 · Participants: 19120Philips North Americ…
The Savings Bank Mutual Life Insurance Company of Massachusetts 401(k) Plan vs. nearby 401(k) plans in Massachusetts, assets vs. participants
Compare The Savings Bank Mutual Life Insurance C… side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to The Savings Bank Mutual Life Insurance Company of Massachusetts 401(k) Plan by total assets, not by location.

Frequently Asked Questions

How did The Savings Bank Mutual Life Insurance Company of Massachusetts 401(k) Plan assets move in 2023? ▼
The Savings Bank Mutual Life Insurance Company of Massachusetts 401(k) Plan grew sharply - up 23.3% during 2023, from $68M to $83M. Reported net income was $16M.
How have The Savings Bank Mutual Life Insurance Company of Massachusetts plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), The Savings Bank Mutual Life Insurance Company of Massachusetts's sponsor-wide assets grew 35.8%, from $68M to $92M.
Where does The Savings Bank Mutual Life Insurance Company of Massachusetts 401(k) Plan rank by assets among Form 5500 filers? ▼
The Savings Bank Mutual Life Insurance Company of Massachusetts 401(k) Plan ranks in the 90th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 10% of all filed plans by assets).
Which 401(k) plans are similar in size to The Savings Bank Mutual Life Insurance Company of Massachusetts 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Albea 401(k) Plan in NJ ($83M, 544 participants).

Next read for The Savings Bank Mutual Life Insurance C…

Filing takeaways

Ways to act on The Savings Bank Mutual Life Insurance Company of Massachusetts 401(k) Plan's numbers.

  • By total assets, The Savings Bank Mutual Life Insurance Company of Massachusetts 401(k) Plan ranks in the top 10% of all filed plans by assets. See the largest plans
  • Compare it side-by-side against 3 similar 401(k) plans in Massachusetts. Compare plans
  • The Savings Bank Mutual Life Insurance Company of Massachusetts'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 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 043117253.

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.