401(k) · DOL Form 5500 · 2023

South Shore Bank 401(k) Plan

Data updated 2026-08-25

$36M
Total assets Below avg plan size
207
Participants Below avg headcount
82nd
Percentile by assets National rank
$174,463
Avg per participant Above avg balance/head
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Official DOL plan name: South Shore Bank 401(k) Plan · Sponsored by South Shore Bank · Massachusetts · Finance & Insurance

$36M in assets, 207 participants

South Shore Bank's South Shore Bank 401(k) Plan reported $36M in total assets and 207 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.

  • #6,401 in Finance & Insurance (8,869 peers)

Coverage in Massachusetts

South Shore Bank 401(k) Plan covers 207 participants in Massachusetts, about 31% of the average Massachusetts filer (state average ~659 per filing). Assets: $36M.

#6,401
in Finance & Insurance (8,869 peers)
+19.1%
assets growth YoY
0.4×
vs typical plan assets (national mean)

South Shore Bank 401(k) Plan's outsized position by total assets

South Shore Bank 401(k) Plan vs every filed plan by assets

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

$36,113,928 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

South Shore Bank 401(k) Plan 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. South Shore Bank 401(k) Plan sits mid-pack in the medium band (207 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • South Shore Bank 401(k) Plan reported net income rose from -$9M in the plan year 2022 filing to $6M in the plan year 2023 filing.
  • South Shore Bank 401(k) Plan end-of-year assets rose from $30M in the plan year 2022 filing to $36M in the plan year 2023 filing.
  • South Shore Bank 401(k) Plan reported participants fell from 211 in the plan year 2022 filing to 207 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 041963710 · South Shore Bank PY 2023 · 401(k)

South Shore Bank 401(k) Plan · $36M · 207 · 82nd

  • BOY $36M
  • SCH 207
  • EBSA 82nd
  • PART 401(k)
  • TYPE near Auer Steel & Heating Supply Company Retirement Plan
  • NET ind #6401

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 →

South Shore Bank 401(k) Plan in the asset neighbourhood

Nextpoint Group, LLC 401(k) PlanNextpoint Group, LLC 401(k) …$36MCampus USA Credit Union 401(k) PlanCampus USA Credit Union 401(…$36MSouth Shore Bank 401(k) Plan$36MAuer Steel & Heating Supply Company Retirement PlanAuer Steel & Heating Supply …$36MUnited Sugar Producers and Refiners Cooperative 401(k) Partnership PlanUnited Sugar Producers and R…$36M
End-of-year total assets ($M) among South Shore Bank 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Massachusetts filing particulars

Total Assets (Beginning of Year)$30M
Net Assets (End of Year)$36M
Net Income$6M
Employer EIN041963710
Plan Effective Date1996-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (South Shore Bank)

Sponsor-wide plan assets over time

All South Shore Bank plans reported in each filing year

Latest sponsor-wide plan assets
$39M 27.97525223463147% vs 2022
2024 filing year
$25M$30M$35M$40M 202220232024 $30.3M $38.8M ▲ +28.0%
Year Plans Participants Total Assets
2022 1 211 $30M
2023 1 207 $36M
2024 1 236 $39M

Nearby 401(k) Plans in Massachusetts

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

South Shore Bank 401(k) Plan vs. nearby 401(k) plans in Massachusetts, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -10010203040 Total assets ($B) Participants South Shore Bank 401(k) Plan, Total assets ($B): 0.036113928 · Participants: 207South Shore Bank 401(k) PlanFidelity 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
South Shore Bank 401(k) Plan vs. nearby 401(k) plans in Massachusetts, assets vs. participants
Compare South Shore Bank 401(k) Plan side-by-side with 3 peers →

South Shore Bank 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Massachusetts, the nearest 401(k) by assets is Auer Steel & Heating Supply Company Retirement Plan in WI ($36M); by covered participants it is Rp Construction Services, Inc. 401(k) Plan in CA (207 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (207 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 South Shore Bank 401(k) Plan assets move in 2023? ▼
South Shore Bank 401(k) Plan grew sharply - up 19.1% during 2023, from $30M to $36M. Reported net income was $6M.
How have South Shore Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), South Shore Bank's sponsor-wide assets grew 28.0%, from $30M to $39M.
Where does South Shore Bank 401(k) Plan rank by assets among Form 5500 filers? ▼
South Shore Bank 401(k) Plan 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 South Shore Bank 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Auer Steel & Heating Supply Company Retirement Plan in WI ($36M, 293 participants).
Which 401(k) plans cover a similar participant headcount to South Shore Bank 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Rp Construction Services, Inc. 401(k) Plan in CA (207 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 041963710.

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.