401(k) · DOL Form 5500 · 2024

Salem Five Cents Savings Bank 401(k) Plan

Data updated 2026-08-25

$108M
Total assets Near avg plan size
658
Participants Below avg headcount
91st
Percentile by assets National rank
$164,459
Avg per participant Above avg balance/head
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Official DOL plan name: Salem Five 401(k) Retirement Plan · Sponsored by Salem Five Cents Savings Bank · Massachusetts · Finance & Insurance

$108M in assets, 658 participants

Salem Five Cents Savings Bank's Salem Five 401(k) Retirement Plan reported $108M in total assets and 658 participants in its 2024 DOL Form 5500 filing, ranking in the 91st 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.

  • #7,344 in Finance & Insurance (8,549 peers)

Where Salem Five 401(k) Retirement Plan sits by assets

Salem Five 401(k) Retirement Plan sits in the top 10% of all filed plans by assets, $108M for 658 participants (~$164,459/participant), up 9.1% in 2024.

#7,344
in Finance & Insurance (8,549 peers)
+9.1%
assets growth YoY
1.1×
vs typical plan assets (national mean)

Salem Five 401(k) Retirement Plan's outsized position by total assets

Salem Five 401(k) Retirement Plan vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$108,213,929 Top 9% higher than 91% of 123,620 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 2024

Salem Five 401(k) Retirement Plan among mid-size filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Salem Five 401(k) Retirement Plan sits mid-pack in the medium band (658 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Salem Five 401(k) Retirement Plan end-of-year assets rose from $99M in the plan year 2023 filing to $108M in the plan year 2024 filing.
  • Salem Five 401(k) Retirement Plan reported participants rose from 635 in the plan year 2023 filing to 658 in the plan year 2024 filing.
  • Salem Five 401(k) Retirement Plan reported net income fell from $9M in the plan year 2023 filing to $9M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Plan-year Form 5500 strip

Filing strip 041802790 · Salem Five Cents Savings Bank PY 2024 · 401(k)

Salem Five 401(k) Retirement Plan · $108M · 658 · 91st

  • IND $108M
  • EOY 658
  • 5500 91st
  • ASSETS 401(k)
  • PCT near Liberty Media 401(k) Savings Plan
  • EIN ind #7344

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 →

Salem Five 401(k) Retirement Plan in the asset neighbourhood

Salem Five 401(k) Retirement PlanSalem Five 401(k) Retirement…$108MLiberty Media 401(k) Savings PlanLiberty Media 401(k) Savings…$108MM H Whittier Corporation Savings PlanM H Whittier Corporation Sav…$108MCommon Securitization Solutions, LLC Retirement Savings Plan for EmployeesCommon Securitization Soluti…$108MUnited Biosource LLC 401(k) PlanUnited Biosource LLC 401(k) …$108M
End-of-year total assets ($M) among Salem Five 401(k) Retirement Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$99M
Net Assets (End of Year)$108M
Net Income$9M
Employer EIN041802790
Plan Effective Date1993-11-01
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 401(k) Plans in Massachusetts

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

Salem Five 401(k) Retirement Plan vs. nearby 401(k) plans in Massachusetts, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -10010203040 Total assets ($B) Participants Salem Five 401(k) Retirement Plan, Total assets ($B): 0.108213929 · Participants: 658Salem Five 401(k) Retirement PlanFidelity Retirement Savings Plan, Total assets ($B): 34.201609937 · Participants: 66907Fidelity Retirement Savings PlanLiberty Mutual 401(k) Plan, Total assets ($B): 11.352606499 · Participants: 34618Liberty Mutual 401(k) PlanMassachusetts Institute of Technology Supplemental 401(k) Plan, Total assets ($B): 7.720373045 · Participants: 14762Massachusetts Institute of Technology Supplemental 401(k) PlanBoston Scientific Corporation 401(k) Retirement Savings Plan, Total assets ($B): 6.775289067 · Participants: 20639Boston Scientific Corporation 401(k) Retirement Savings PlanState Street Salary Savings Program, Total assets ($B): 6.532301643 · Participants: 12777State Street Salary Savings Program
Salem Five 401(k) Retirement Plan vs. nearby 401(k) plans in Massachusetts, assets vs. participants
Compare Salem Five 401(k) Retirement Plan side-by-side with 3 peers →

Salem Five 401(k) Retirement Plan's out-of-state 401(k) peers by assets and headcount

Outside Massachusetts, the nearest 401(k) by assets is Liberty Media 401(k) Savings Plan in CO ($108M); by covered participants it is Franklin Corporation 401(k) Plan in MS (658 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (658 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Salem Five 401(k) Retirement Plan assets move in 2024? ▼
Salem Five 401(k) Retirement Plan grew at a solid clip - up 9.1% during 2024, from $99M to $108M. Reported net income was $9M.
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 Salem Five 401(k) Retirement Plan rank by assets among Form 5500 filers? ▼
Salem Five 401(k) Retirement Plan ranks in the 91st percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top 10% of all filed plans by assets).
Which 401(k) plans are similar in size to Salem Five 401(k) Retirement Plan? ▼
Among 401(k) plans in other states, the closest by assets is Liberty Media 401(k) Savings Plan in CO ($108M, 165 participants).
Which 401(k) plans cover a similar participant headcount to Salem Five 401(k) Retirement Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Franklin Corporation 401(k) Plan in MS (658 participants, $13M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

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.