Defined Benefit (Pension) · DOL Form 5500 · 2023

Somerset Regal Bank Pension Plan

Data updated 2026-08-25

$16M
Total assets Small plan by assets
63
Participants Small participant base
68th
Percentile by assets National rank
$249,217
Avg per participant Above avg balance/head
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Official DOL plan name: Somerset Savings Bank, Sla Pension Plan · Sponsored by Somerset Regal Bank · New Jersey · Finance & Insurance

$16M in assets, 63 participants

Somerset Regal Bank's Somerset Savings Bank, Sla Pension Plan reported $16M in total assets and 63 participants in its 2023 DOL Form 5500 filing, ranking in the 68th 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.

  • #4,742 in Finance & Insurance (8,869 peers)

Somerset Regal Bank multi-year trail

Somerset Regal Bank's plans moved +50.5% in assets from 2022 to 2024; this filing shows Somerset Savings Bank, Sla Pension Plan at $16M / 63 participants.

#4,742
in Finance & Insurance (8,869 peers)
-2.5%
assets change YoY

The plan reported a net loss of $404K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Somerset Savings Bank, Sla Pension Plan's outsized position by total assets

Somerset Savings Bank, Sla Pension Plan vs every filed plan by assets

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

$15,700,663 Top 32% higher than 68% 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

Somerset Savings Bank, Sla Pension Plan among smaller filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Somerset Savings Bank, Sla Pension Plan is a small filing (63 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Somerset Savings Bank, Sla Pension Plan reported net income rose from -$1M in the plan year 2022 filing to -$404K in the plan year 2023 filing.
  • Somerset Savings Bank, Sla Pension Plan reported participants rose from 57 in the plan year 2022 filing to 63 in the plan year 2023 filing.
  • Somerset Savings Bank, Sla Pension Plan end-of-year assets fell from $16M in the plan year 2022 filing to $16M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 220784760 · Somerset Regal Bank PY 2023 · Defined Benefit (Pension)

Somerset Savings Bank, Sla Pension Plan · $16M · 63 · 68th

  • BOOK $16M
  • VS-ST 63
  • BOY 68th
  • SCH Defined Benefit (Pension)
  • EBSA near Pepsi New York Mt. Vernon Hourly Employees Plan
  • PART ind #4742

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 New Jersey →

Somerset Savings Bank, Sla Pension Plan in the asset neighbourhood

The Retirement Plan for Employees of Grange Insurance AssociationThe Retirement Plan for Empl…$16MEnloe Medical Center Pension PlanEnloe Medical Center Pension…$16MSupplemental Pension Plan of Indiana Harbor Belt Railroad CompanySupplemental Pension Plan of…$16MSomerset Savings Bank, Sla Pension PlanSomerset Savings Bank, Sla P…$16MPepsi New York Mt. Vernon Hourly Employees PlanPepsi New York Mt. Vernon Ho…$16M
End-of-year total assets ($M) among Somerset Savings Bank, Sla Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Somerset Regal Bank multi-year asset trail

Sponsor-wide plan assets over time

All Somerset Regal Bank plans reported in each filing year

Latest sponsor-wide plan assets
$41M 50.472843749196436% vs 2022
2024 filing year
$25M$30M$35M$40M$45M 202220232024 $27.6M $41.5M ▲ +50.5%
Year Plans Participants Total Assets
2022 2 115 $28M
2023 3 244 $36M
2024 3 283 $41M

Somerset Regal Bank filing trail (2023)

Total Assets (Beginning of Year)$16M
Net Assets (End of Year)$16M
Net Income-$404K
Employer EIN220784760
Plan Effective Date1959-05-01
Filing StatusFILING RECEIVED

Nearby Defined Benefit (Pension) Plans in New Jersey

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

Somerset Savings Bank, Sla Pension Plan vs. nearby Defined Benefit (Pension) plans in New Jersey, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000100000 -50510152025 Total assets ($B) Participants Somerset Savings Bank, Sla Pension Plan, Total assets ($B): 0.015700663 · Participants: 63Somerset Savings Bank, Sla Pension PlanRetirement Plan of Johnson and Johnson, Total assets ($B): 21.174819996 · Participants: 37749Retirement Plan of Johnson and JohnsonJPMorgan Chase Retirement Plan, Total assets ($B): 16.279006871 · Participants: 90644JPMorgan Chase Retirement PlanNokia Retirement Income Plan, Total assets ($B): 13.864923 · Participants: 7492Nokia Retirement Income PlanThe Prudential Merged Retirement Plan, Total assets ($B): 12.225782081 · Participants: 16230The Prudential Merged Retirement PlanVerizon Pension Plan for Associates, Total assets ($B): 10.930667796 · Participants: 23778Verizon Pension Plan for Associates
Somerset Savings Bank, Sla Pension Plan vs. nearby Defined Benefit (Pension) plans in New Jersey, assets vs. participants
Compare Somerset Savings Bank, Sla Pension Plan side-by-side with 3 peers →

Somerset Savings Bank, Sla Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside New Jersey, the nearest Defined Benefit (Pension) by assets is Pepsi New York Mt. Vernon Hourly Employees Plan in NY ($16M); by covered participants it is Retirement Program Plan for Employees of United States Enrichment Corporation in MD (63 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (63 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 Somerset Savings Bank, Sla Pension Plan assets move in 2023? ▼
Somerset Savings Bank, Sla Pension Plan edged down modestly - down 2.5% during 2023, from $16M to $16M. Reported net income was -$404K.
How have Somerset Regal Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Somerset Regal Bank's sponsor-wide assets grew 50.5%, from $28M to $41M.
Which Defined Benefit (Pension) plans are similar in size to Somerset Savings Bank, Sla Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Pepsi New York Mt. Vernon Hourly Employees Plan in NY ($16M, 63 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Somerset Savings Bank, Sla Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Retirement Program Plan for Employees of United States Enrichment Corporation in MD (63 participants, $264M 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 220784760.

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.