401(k) · DOL Form 5500 · 2024

Florence Bank 401(k) Plan

Data updated 2026-08-25

$35M
Total assets Below avg plan size
218
Participants Below avg headcount
80th
Percentile by assets National rank
$162,392
Avg per participant Above avg balance/head
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Official DOL plan name: Sbera 401(k) Plan as Adopted by Florence Bank · Sponsored by Florence Bank · Massachusetts · Finance & Insurance

$35M in assets, 218 participants

Florence Bank's Sbera 401(k) Plan as Adopted by Florence Bank reported $35M in total assets and 218 participants in its 2024 DOL Form 5500 filing, ranking in the 80th 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.

  • #5,847 in Finance & Insurance (8,549 peers)

Coverage in Massachusetts

Sbera 401(k) Plan as Adopted by Florence Bank covers 218 participants in Massachusetts, about 33% of the average Massachusetts filer (state average ~659 per filing). Assets: $35M.

#5,847
in Finance & Insurance (8,549 peers)
+17.1%
assets growth YoY
0.4×
vs typical plan assets (national mean)

Sbera 401(k) Plan as Adopted by Florence Bank's outsized position by total assets

Sbera 401(k) Plan as Adopted by Florence Bank vs every filed plan by assets

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

$35,401,416 Top 20% higher than 80% 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

Sbera 401(k) Plan as Adopted by Florence Bank 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. Sbera 401(k) Plan as Adopted by Florence Bank sits mid-pack in the medium band (218 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Sbera 401(k) Plan as Adopted by Florence Bank end-of-year assets rose from $30M in the plan year 2023 filing to $35M in the plan year 2024 filing.
  • Sbera 401(k) Plan as Adopted by Florence Bank reported participants rose from 205 in the plan year 2023 filing to 218 in the plan year 2024 filing.
  • Sbera 401(k) Plan as Adopted by Florence Bank reported net income rose from $5M in the plan year 2023 filing to $5M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 041332530 · Florence Bank PY 2024 · 401(k)

Sbera 401(k) Plan as Adopted by Florence Bank · $35M · 218 · 80th

  • EOY $35M
  • EOY 218
  • EOY 80th
  • EOY 401(k)
  • EOY near Wieser Brothers General Contractor, Inc. 401(k)/Profit Sharing Plan
  • EOY ind #5847

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 401(k) Plan as Adopted by Florence Bank in the asset neighbourhood

Associated Equipment Company, Inc. Profit Sharing & 401(k) PlanAssociated Equipment Company…$35MSbera 401(k) Plan as Adopted by Florence BankSbera 401(k) Plan as Adopted…$35MWieser Brothers General Contractor, Inc. 401(k)/Profit Sharing PlanWieser Brothers General Cont…$35MKp3 Endeavors, Inc. Employee Stock Ownership PlanKp3 Endeavors, Inc. Employee…$35MBader Rutter Retirement Plan$35M
End-of-year total assets ($M) among Sbera 401(k) Plan as Adopted by Florence Bank and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Massachusetts filing particulars

Total Assets (Beginning of Year)$30M
Net Assets (End of Year)$35M
Net Income$5M
Employer EIN041332530
Plan Effective Date1993-02-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Florence Bank)

Sponsor-wide plan assets over time

All Florence Bank plans reported in each filing year

Latest sponsor-wide plan assets
$87M 35.81192292778976% vs 2022
2024 filing year
$60M$70M$80M$90M 202220232024 $64.2M $87.2M ▲ +35.8%
Year Plans Participants Total Assets
2022 2 254 $64M
2023 2 258 $77M
2024 2 270 $87M

Nearby 401(k) Plans in Massachusetts

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

Sbera 401(k) Plan as Adopted by Florence Bank vs. nearby 401(k) plans in Massachusetts, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -10010203040 Total assets ($B) Participants Sbera 401(k) Plan as Adopted by Florence Bank, Total assets ($B): 0.035401416 · Participants: 218Sbera 401(k) Plan as Adopted by Florence BankFidelity 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
Sbera 401(k) Plan as Adopted by Florence Bank vs. nearby 401(k) plans in Massachusetts, assets vs. participants
Compare Sbera 401(k) Plan as Adopted by Florence Bank side-by-side with 3 peers →

Sbera 401(k) Plan as Adopted by Florence Bank's out-of-state 401(k) peers by assets and headcount

Outside Massachusetts, the nearest 401(k) by assets is Wieser Brothers General Contractor, Inc. 401(k)/Profit Sharing Plan in MN ($35M); by covered participants it is Crisis Text Line 403(b) Tax Sheltered Annuity in NY (218 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (218 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 Sbera 401(k) Plan as Adopted by Florence Bank assets move in 2024? ▼
Sbera 401(k) Plan as Adopted by Florence Bank grew sharply - up 17.1% during 2024, from $30M to $35M. Reported net income was $5M.
How have Florence Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Florence Bank's sponsor-wide assets grew 35.8%, from $64M to $87M.
Where does Sbera 401(k) Plan as Adopted by Florence Bank rank by assets among Form 5500 filers? ▼
Sbera 401(k) Plan as Adopted by Florence Bank ranks in the 80th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Sbera 401(k) Plan as Adopted by Florence Bank? ▼
Among 401(k) plans in other states, the closest by assets is Wieser Brothers General Contractor, Inc. 401(k)/Profit Sharing Plan in MN ($35M, 139 participants).
Which 401(k) plans cover a similar participant headcount to Sbera 401(k) Plan as Adopted by Florence Bank? ▼
Among 401(k) plans in other states, the closest by covered participants is Crisis Text Line 403(b) Tax Sheltered Annuity in NY (218 participants, $9M 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 041332530.

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.