401(k) · DOL Form 5500 · 2023

Shore United Bank 401(k) Plan

Data updated 2026-08-25

$65M
Total assets Below avg plan size
665
Participants Below avg headcount
88th
Percentile by assets National rank
$97,384
Avg per participant Below avg balance/head
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Official DOL plan name: Shore United Bank 401(k) Plan · Sponsored by Shore United Bank · Maryland · Finance & Insurance

$65M in assets, 665 participants

Shore United Bank's Shore United Bank 401(k) Plan reported $65M in total assets and 665 participants in its 2023 DOL Form 5500 filing, ranking in the 88th 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.

  • #7,226 in Finance & Insurance (8,869 peers)

Where Shore United Bank 401(k) Plan sits by assets

Shore United Bank 401(k) Plan sits in the top quartile of all filed plans by assets, $65M for 665 participants (~$97,384/participant), up 65.4% in 2023.

#7,226
in Finance & Insurance (8,869 peers)
+65.4%
assets growth YoY
0.6×
vs typical plan assets (national mean)

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

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

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

$64,760,651 Top 12% higher than 88% 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

Shore United 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. Shore United Bank 401(k) Plan sits mid-pack in the medium band (665 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Shore United Bank 401(k) Plan reported net income rose from -$6M in the plan year 2022 filing to $6M in the plan year 2023 filing.
  • Shore United Bank 401(k) Plan end-of-year assets rose from $39M in the plan year 2022 filing to $65M in the plan year 2023 filing.
  • Shore United Bank 401(k) Plan reported participants rose from 447 in the plan year 2022 filing to 665 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 521974638 · Shore United Bank PY 2023 · 401(k)

Shore United Bank 401(k) Plan · $65M · 665 · 88th

  • EOY $65M
  • 5500 665
  • ASSETS 88th
  • PCT 401(k)
  • EIN near Lifespace Communities 403(b) Plan
  • RANK ind #7226

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 Maryland →

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

Faro 401(k) Plan$65MShore United Bank 401(k) Plan$65MLifespace Communities 403(b) PlanLifespace Communities 403(b)…$65MSimpson Housing 401(k) Retirement PlanSimpson Housing 401(k) Retir…$65MSihf Healthcare Savings and Investment PlanSihf Healthcare Savings and …$65M
End-of-year total assets ($M) among Shore United Bank 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$39M
Net Assets (End of Year)$65M
Net Income$6M
Employer EIN521974638
Plan Effective Date2002-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Shore United Bank)

Sponsor-wide plan assets over time

All Shore United Bank plans reported in each filing year

Latest sponsor-wide plan assets
$72M 83.30087013858093% vs 2022
2024 filing year
$30M$40M$50M$60M$70M$80M 202220232024 $39.2M $71.8M ▲ +83.3%
Year Plans Participants Total Assets
2022 1 447 $39M
2023 1 665 $65M
2024 1 620 $72M

Nearby 401(k) Plans in Maryland

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

Shore United Bank 401(k) Plan vs. nearby 401(k) plans in Maryland, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -200204060 Total assets ($B) Participants Shore United Bank 401(k) Plan, Total assets ($B): 0.064760651 · Participants: 665Shore United Bank 401(k) PlanLockheed Martin Corporation Salaried Savings Plan, Total assets ($B): 47.273019756 · Participants: 91511Lockheed Martin Corporation Salaried Savings PlanMarriott Retirement Savings Plan, Total assets ($B): 10.20606962 · Participants: 96415Marriott Retirement Savings PlanT. Rowe Price U.S. Retirement Program, Total assets ($B): 4.357344903 · Participants: 6292T. Rowe Price U.S. Retirement ProgramNfl Player Second Career Savings Plan, Total assets ($B): 3.951576315 · Participants: 2767Nfl Player Second Career Savings PlanSodexo 401 (K) Employees' Retirement Savings Plan and Trust, Total assets ($B): 2.217483854 · Participants: 80121Sodexo 401 (K) Employees' Retirement Savings Plan and Trust
Shore United Bank 401(k) Plan vs. nearby 401(k) plans in Maryland, assets vs. participants
Compare Shore United Bank 401(k) Plan side-by-side with 3 peers →

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

Outside Maryland, the nearest 401(k) by assets is Lifespace Communities 403(b) Plan in TX ($65M); by covered participants it is Grand Itasca Clinic & Hospital 401(k) Plan and Trust in MN (665 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($65M here).

Similar participant headcount

Nearest other-state filings by covered participants (665 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 Shore United Bank 401(k) Plan assets move in 2023? ▼
Shore United Bank 401(k) Plan surged - up 65.4% during 2023, from $39M to $65M. Reported net income was $6M.
How have Shore United Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Shore United Bank's sponsor-wide assets grew 83.3%, from $39M to $72M.
Where does Shore United Bank 401(k) Plan rank by assets among Form 5500 filers? ▼
Shore United Bank 401(k) Plan ranks in the 88th 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 Shore United Bank 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Lifespace Communities 403(b) Plan in TX ($65M, 4,244 participants).
Which 401(k) plans cover a similar participant headcount to Shore United Bank 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Grand Itasca Clinic & Hospital 401(k) Plan and Trust in MN (665 participants, $99M 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 521974638.

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.