Defined Benefit (Pension) · DOL Form 5500 · 2023

Eastern Bank Pension Plan

Data updated 2026-08-25

$490M
Total assets Above avg plan size
1,534
Participants Near avg headcount
97th
Percentile by assets National rank
$319,579
Avg per participant High balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Sbera Pension Plan as Adopted by Eastern Bank · Sponsored by Eastern Bank · Massachusetts · Finance & Insurance

$490M in assets, 1,534 participants

Eastern Bank's Sbera Pension Plan as Adopted by Eastern Bank reported $490M in total assets and 1,534 participants in its 2023 DOL Form 5500 filing, ranking in the 97th 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.

  • #8,459 in Finance & Insurance (8,869 peers)

Coverage in Massachusetts

Sbera Pension Plan as Adopted by Eastern Bank covers 1,534 participants in Massachusetts, 2.3x the typical Massachusetts plan (state average ~659 per filing). Assets: $490M.

#8,459
in Finance & Insurance (8,869 peers)
+16.2%
assets growth YoY
4.9×
vs typical plan assets (national mean)

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

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

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

$490,233,514 Top 3% higher than 97% 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 Eastern Bank's large-plan peer group by participant 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 Eastern Bank lands in the large band (1,534 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Sbera Pension Plan as Adopted by Eastern Bank reported net income rose from $8M in the plan year 2022 filing to $68M in the plan year 2023 filing.
  • Sbera Pension Plan as Adopted by Eastern Bank end-of-year assets rose from $422M in the plan year 2022 filing to $490M in the plan year 2023 filing.
  • Sbera Pension Plan as Adopted by Eastern Bank reported participants fell from 1,758 in the plan year 2022 filing to 1,534 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 043067724 · Eastern Bank PY 2023 · Defined Benefit (Pension)

Sbera Pension Plan as Adopted by Eastern Bank · $490M · 1,534 · 97th

  • SCH $490M
  • EBSA 1,534
  • PART 97th
  • TYPE Defined Benefit (Pension)
  • NET near Bss Retirement Plan
  • BOOK ind #8459

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 Eastern Bank in the asset neighbourhood

North Mississippi Health Services, Inc. Retirement Plan & Trust AgreementNorth Mississippi Health Ser…$492MSbera Pension Plan as Adopted by Eastern BankSbera Pension Plan as Adopte…$490MBss Retirement Plan$490MVns Health Care Pension Plan$489MRetirement Plan for Employees of Learjet Inc., Bombardier Aerospace Corporation and AffiliatesRetirement Plan for Employee…$489M
End-of-year total assets ($M) among Sbera Pension Plan as Adopted by Eastern Bank and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Massachusetts filing particulars

Total Assets (Beginning of Year)$422M
Net Assets (End of Year)$490M
Net Income$68M
Employer EIN043067724
Plan Effective Date1981-11-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Eastern Bank)

Sponsor-wide plan assets over time

All Eastern Bank plans reported in each filing year

Latest sponsor-wide plan assets
$946M 3.0497301683910547% vs 2022
2024 filing year
$0.9B$0.95B$1B$1.05B 202220232024 $0.98B $0.95B ▼ -3.1%
Year Plans Participants Total Assets
2022 4 5,829 $976M
2023 3 5,359 $1.0B
2024 3 3,851 $946M

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 Eastern Bank vs. nearby Defined Benefit (Pension) plans in Massachusetts, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -5051015 Total assets ($B) Participants Sbera Pension Plan as Adopted by Eastern Bank, Total assets ($B): 0.490233514 · Participants: 1534Sbera Pension Plan as Adopted by Eastern 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 Eastern Bank vs. nearby Defined Benefit (Pension) plans in Massachusetts, assets vs. participants
Compare Sbera Pension Plan as Adopted by Eastern Bank side-by-side with 3 peers →

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

Outside Massachusetts, the nearest Defined Benefit (Pension) by assets is Bss Retirement Plan in WA ($490M); by covered participants it is The Dierbergs Market, Inc and Local 655 Variable Annuity Plan in MO (1,533 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (1,534 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 Eastern Bank assets move in 2023? ▼
Sbera Pension Plan as Adopted by Eastern Bank grew sharply - up 16.2% during 2023, from $422M to $490M. Reported net income was $68M.
How have Eastern Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Eastern Bank's sponsor-wide assets declined 3.0%, from $976M to $946M.
Where does Sbera Pension Plan as Adopted by Eastern Bank rank by assets among Form 5500 filers? ▼
Sbera Pension Plan as Adopted by Eastern Bank ranks in the 97th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 5% of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to Sbera Pension Plan as Adopted by Eastern Bank? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Bss Retirement Plan in WA ($490M, 142 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Sbera Pension Plan as Adopted by Eastern Bank? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is The Dierbergs Market, Inc and Local 655 Variable Annuity Plan in MO (1,533 participants, $9M 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 043067724.

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.