Defined Benefit (Pension) · DOL Form 5500 · 2023

Salem Five Cents Savings Bank Pension Plan

Data updated 2026-08-25

$75M
Total assets Below avg plan size
106
Participants Small participant base
89th
Percentile by assets National rank
$709,255
Avg per participant High balance/head
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Official DOL plan name: Sbera Pension Plan as Adopted by Salem Five Cents Savings Bank · Sponsored by Salem Five Cents Savings Bank · Massachusetts · Finance & Insurance

$75M in assets, 106 participants

Salem Five Cents Savings Bank's Sbera Pension Plan as Adopted by Salem Five Cents Savings Bank reported $75M in total assets and 106 participants in its 2023 DOL Form 5500 filing, ranking in the 89th 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.

  • #7,382 in Finance & Insurance (8,869 peers)

Coverage in Massachusetts

Sbera Pension Plan as Adopted by Salem Five Cents Savings Bank covers 106 participants in Massachusetts, about 16% of the average Massachusetts filer (state average ~659 per filing). Assets: $75M.

#7,382
in Finance & Insurance (8,869 peers)
+11.9%
assets growth YoY
0.8×
vs typical plan assets (national mean)

Sbera Pension Plan as Adopted by Salem Five Cents Savings Bank's outsized position by total assets

Sbera Pension Plan as Adopted by Salem Five Cents Savings Bank vs every filed plan by assets

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

$75,181,016 Top 11% higher than 89% 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 Pension Plan as Adopted by Salem Five Cents 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 Pension Plan as Adopted by Salem Five Cents Savings Bank sits mid-pack in the medium band (106 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Sbera Pension Plan as Adopted by Salem Five Cents Savings Bank reported net income rose from $4M in the plan year 2022 filing to $8M in the plan year 2023 filing.
  • Sbera Pension Plan as Adopted by Salem Five Cents Savings Bank end-of-year assets rose from $67M in the plan year 2022 filing to $75M in the plan year 2023 filing.
  • Sbera Pension Plan as Adopted by Salem Five Cents Savings Bank reported participants fell from 114 in the plan year 2022 filing to 106 in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 041802790 · Salem Five Cents Savings Bank PY 2023 · Defined Benefit (Pension)

Sbera Pension Plan as Adopted by Salem Five Cents Savings Bank · $75M · 106 · 89th

  • PHOTO $75M
  • PHOTO 106
  • PHOTO 89th
  • PHOTO Defined Benefit (Pension)
  • PHOTO near Teamsters Local 11 Pension Fund
  • PHOTO ind #7382

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 Pension Plan as Adopted by Salem Five Cents Savings Bank in the asset neighbourhood

Sbera Pension Plan as Adopted by Salem Five Cents Savings BankSbera Pension Plan as Adopte…$75MTeamsters Local 11 Pension FundTeamsters Local 11 Pension F…$75MLiquor Salesmen's Union Local 2 Pension FundLiquor Salesmen's Union Loca…$75MDes Moines Iron Workers Pension TrustDes Moines Iron Workers Pens…$75MPainters Local Union 802 Retirement PlanPainters Local Union 802 Ret…$75M
End-of-year total assets ($M) among Sbera Pension Plan as Adopted by Salem Five Cents Savings Bank and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Massachusetts filing particulars

Total Assets (Beginning of Year)$67M
Net Assets (End of Year)$75M
Net Income$8M
Employer EIN041802790
Plan Effective Date1981-11-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Salem Five Cents Savings Bank)

Sponsor-wide plan assets over time

All Salem Five Cents Savings Bank plans reported in each filing year

Latest sponsor-wide plan assets
$183M 16.69994058390558% vs 2022
2024 filing year
$150M$160M$170M$180M$190M 202220232024 $157M $183M ▲ +16.7%
Year Plans Participants Total Assets
2022 2 770 $157M
2023 2 741 $174M
2024 2 754 $183M

Nearby Defined Benefit (Pension) Plans in Massachusetts

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

Sbera Pension Plan as Adopted by Salem Five Cents Savings Bank vs. nearby Defined Benefit (Pension) plans in Massachusetts, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -5051015 Total assets ($B) Participants Sbera Pension Plan as Adopted by Salem Five Cents Savings Bank, Total assets ($B): 0.075181016 · Participants: 106Sbera Pension Plan as Adopted by Salem Five Cents Savings BankConsolidated Cash Balance Program of Mass General Brigham and Member Organizations, Total assets ($B): 10.325856564 · Participants: 58745Consolidated Cash Balance Program of Mass General Brigham and Member OrganizationsNew England Teamsters Pension Fund, Total assets ($B): 9.092299586 · Participants: 21786New England Teamsters Pension FundLiberty Mutual Retirement Benefit Plan, Total assets ($B): 6.892259637 · Participants: 37145Liberty Mutual Retirement Benefit PlanMassachusetts Institute of Technology Basic Retirement Plan, Total assets ($B): 5.381626447 · Participants: 11888Massachusetts Institute of Technology Basic Retirement PlanN. Atlantic States Carp. Pension Fund, Total assets ($B): 4.973349354 · Participants: 17166N. Atlantic States Carp. Pension Fund
Sbera Pension Plan as Adopted by Salem Five Cents Savings Bank vs. nearby Defined Benefit (Pension) plans in Massachusetts, assets vs. participants
Compare Sbera Pension Plan as Adopted by Salem Five Cents Savings Bank side-by-side with 3 peers →

Sbera Pension Plan as Adopted by Salem Five Cents Savings Bank's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Massachusetts, the nearest Defined Benefit (Pension) by assets is Teamsters Local 11 Pension Fund in NJ ($75M); by covered participants it is Community Credit Union of Florida Defined Benefit Plan and Trust in FL (106 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($75M here).

Similar participant headcount

Nearest other-state filings by covered participants (106 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 Pension Plan as Adopted by Salem Five Cents Savings Bank assets move in 2023? ▼
Sbera Pension Plan as Adopted by Salem Five Cents Savings Bank grew at a solid clip - up 11.9% during 2023, from $67M to $75M. Reported net income was $8M.
How have Salem Five Cents Savings Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Salem Five Cents Savings Bank's sponsor-wide assets grew 16.7%, from $157M to $183M.
Where does Sbera Pension Plan as Adopted by Salem Five Cents Savings Bank rank by assets among Form 5500 filers? ▼
Sbera Pension Plan as Adopted by Salem Five Cents Savings Bank ranks in the 89th 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 Defined Benefit (Pension) plans are similar in size to Sbera Pension Plan as Adopted by Salem Five Cents Savings Bank? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Teamsters Local 11 Pension Fund in NJ ($75M, 426 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Sbera Pension Plan as Adopted by Salem Five Cents Savings Bank? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Community Credit Union of Florida Defined Benefit Plan and Trust in FL (106 participants, $31M 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 041802790.

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.