Defined Benefit (Pension) · DOL Form 5500 · 2023

Cornerstone Bank Pension Plan

Data updated 2026-08-25

$15M
Total assets Small plan by assets
35
Participants Small participant base
68th
Percentile by assets National rank
$439,994
Avg per participant High balance/head
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Official DOL plan name: Sbera Pension Plan as Adopted by Spencer Savings Bank · Sponsored by Cornerstone Bank · Massachusetts · Finance & Insurance

$15M in assets, 35 participants

Cornerstone Bank's Sbera Pension Plan as Adopted by Spencer Savings Bank reported $15M in total assets and 35 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.

  • #4,697 in Finance & Insurance (8,869 peers)

Cornerstone Bank multi-year trail

Cornerstone Bank's plans moved +24.2% in assets from 2022 to 2024; this filing shows Sbera Pension Plan as Adopted by Spencer Savings Bank at $15M / 35 participants.

#4,697
in Finance & Insurance (8,869 peers)
+125.9%
assets growth YoY

Sbera Pension Plan as Adopted by Spencer Savings Bank's outsized position by total assets

Sbera Pension Plan as Adopted by Spencer Savings Bank vs every filed plan by assets

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

$15,399,799 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

Sbera Pension Plan as Adopted by Spencer Savings Bank among smaller 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 Spencer Savings Bank is a small filing (35 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Sbera Pension Plan as Adopted by Spencer Savings Bank reported net income rose from -$252K in the plan year 2022 filing to $301K in the plan year 2023 filing.
  • Sbera Pension Plan as Adopted by Spencer Savings Bank end-of-year assets rose from $7M in the plan year 2022 filing to $15M in the plan year 2023 filing.
  • Sbera Pension Plan as Adopted by Spencer Savings Bank reported participants fell from 37 in the plan year 2022 filing to 35 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 041856390 · Cornerstone Bank PY 2023 · Defined Benefit (Pension)

Sbera Pension Plan as Adopted by Spencer Savings Bank · $15M · 35 · 68th

  • EBSA $15M
  • PART 35
  • TYPE 68th
  • NET Defined Benefit (Pension)
  • BOOK near Pppwu Officers, Representatives & Organizers Retirement Fund
  • VS-ST ind #4697

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 Spencer Savings Bank in the asset neighbourhood

Pension Plan for Employees of Keystone ThermometricsPension Plan for Employees o…$15MSbera Pension Plan as Adopted by Spencer Savings BankSbera Pension Plan as Adopte…$15MPppwu Officers, Representatives & Organizers Retirement FundPppwu Officers, Representati…$15MKik Custom Products Pension PlanKik Custom Products Pension …$15MAb Car Rental Services, Inc. Pension Plan for Bargaining Hourly EmployeesAb Car Rental Services, Inc.…$15M
End-of-year total assets ($M) among Sbera Pension Plan as Adopted by Spencer Savings Bank and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Cornerstone Bank multi-year asset trail

Sponsor-wide plan assets over time

All Cornerstone Bank plans reported in each filing year

Latest sponsor-wide plan assets
$47M 24.241143182945944% vs 2022
2024 filing year
$35M$40M$45M$50M 202220232024 $37.9M $47.1M ▲ +24.2%
Year Plans Participants Total Assets
2022 3 222 $38M
2023 3 222 $45M
2024 2 219 $47M

Cornerstone Bank filing trail (2023)

Total Assets (Beginning of Year)$7M
Net Assets (End of Year)$15M
Net Income$301K
Employer EIN041856390
Plan Effective Date1989-11-01
Filing StatusFILING RECEIVED

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 Spencer Savings Bank vs. nearby Defined Benefit (Pension) plans in Massachusetts, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -5051015 Total assets ($B) Participants Sbera Pension Plan as Adopted by Spencer Savings Bank, Total assets ($B): 0.015399799 · Participants: 35Sbera Pension Plan as Adopted by Spencer 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 Spencer Savings Bank vs. nearby Defined Benefit (Pension) plans in Massachusetts, assets vs. participants
Compare Sbera Pension Plan as Adopted by Spencer Savings Bank side-by-side with 3 peers →

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

Outside Massachusetts, the nearest Defined Benefit (Pension) by assets is Pppwu Officers, Representatives & Organizers Retirement Fund in MD ($15M); by covered participants it is Pension Plan for Salaried Employees of Timber Products Company & Affiliates in OR (35 participants). Same-state nearby plans are listed separately above.

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 Spencer Savings Bank assets move in 2023? ▼
Sbera Pension Plan as Adopted by Spencer Savings Bank surged - up 125.9% during 2023, from $7M to $15M. Reported net income was $301K.
How have Cornerstone Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Cornerstone Bank's sponsor-wide assets grew 24.2%, from $38M to $47M.
Which Defined Benefit (Pension) plans are similar in size to Sbera Pension Plan as Adopted by Spencer Savings Bank? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Pppwu Officers, Representatives & Organizers Retirement Fund in MD ($15M, 8 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Sbera Pension Plan as Adopted by Spencer Savings Bank? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Pension Plan for Salaried Employees of Timber Products Company & Affiliates in OR (35 participants, $22M 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 041856390.

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.