401(k) · DOL Form 5500 · 2024

Shoreham Bank 401(k) Plan

Data updated 2026-08-25

$20M
Total assets Small plan by assets
105
Participants Small participant base
70th
Percentile by assets National rank
$189,599
Avg per participant Above avg balance/head
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Official DOL plan name: Sbera 401(k) Plan as Adopted by Shoreham Bank · Sponsored by Shoreham Bank · Rhode Island · Finance & Insurance

$20M in assets, 105 participants

Shoreham Bank's Sbera 401(k) Plan as Adopted by Shoreham Bank reported $20M in total assets and 105 participants in its 2024 DOL Form 5500 filing, ranking in the 70th 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.

  • #4,716 in Finance & Insurance (8,549 peers)

Coverage in Rhode Island

Sbera 401(k) Plan as Adopted by Shoreham Bank covers 105 participants in Rhode Island, about 7% of the average Rhode Island filer (state average ~1,449 per filing). Assets: $20M.

#4,716
in Finance & Insurance (8,549 peers)
+18.2%
assets growth YoY

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

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

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

$19,907,943 Top 30% higher than 70% 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 Shoreham 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 Shoreham Bank sits mid-pack in the medium band (105 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Sbera 401(k) Plan as Adopted by Shoreham Bank end-of-year assets rose from $17M in the plan year 2023 filing to $20M in the plan year 2024 filing.
  • Sbera 401(k) Plan as Adopted by Shoreham Bank reported participants rose from 96 in the plan year 2023 filing to 105 in the plan year 2024 filing.
  • Sbera 401(k) Plan as Adopted by Shoreham Bank reported net income fell from $3M in the plan year 2023 filing to $3M in the plan year 2024 filing.

See the national 2023→2024 release diff →

DOL schedule card

Filing strip 050348208 · Shoreham Bank PY 2024 · 401(k)

Sbera 401(k) Plan as Adopted by Shoreham Bank · $20M · 105 · 70th

  • VS-ST $20M
  • VS-ST 105
  • VS-ST 70th
  • VS-ST 401(k)
  • VS-ST near South Central Pallets, Inc. 401(k) Profit Sharing Plan
  • VS-ST ind #4716

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 Rhode Island →

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

Sbera 401(k) Plan as Adopted by Shoreham BankSbera 401(k) Plan as Adopted…$20MSouth Central Pallets, Inc. 401(k) Profit Sharing PlanSouth Central Pallets, Inc. …$20MLarson Texts, Inc. Employees' Savings and Retirement PlanLarson Texts, Inc. Employees…$20MGray, Gray & Gray LLP Employees Savings & Security PlanGray, Gray & Gray LLP Employ…$20MInnotec Employee 401(k) Profit Sharing PlanInnotec Employee 401(k) Prof…$20M
End-of-year total assets ($M) among Sbera 401(k) Plan as Adopted by Shoreham Bank and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Rhode Island filing particulars

Total Assets (Beginning of Year)$17M
Net Assets (End of Year)$20M
Net Income$3M
Employer EIN050348208
Plan Effective Date1974-08-30
Filing StatusFILING RECEIVED

Sponsor Plan History (Shoreham Bank)

Sponsor-wide plan assets over time

All Shoreham Bank plans reported in each filing year

Latest sponsor-wide plan assets
$20M 46.13708972599291% vs 2022
2024 filing year
$12M$14M$16M$18M$20M$22M 202220232024 $13.6M $19.9M ▲ +46.2%
Year Plans Participants Total Assets
2022 1 104 $14M
2023 1 96 $17M
2024 1 105 $20M

Nearby 401(k) Plans in Rhode Island

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

Sbera 401(k) Plan as Adopted by Shoreham Bank vs. nearby 401(k) plans in Rhode Island, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000 -10010203040 Total assets ($B) Participants Sbera 401(k) Plan as Adopted by Shoreham Bank, Total assets ($B): 0.019907943 · Participants: 105Sbera 401(k) Plan as Adopted by Shoreham BankCVS Health Future Fund 401(k) Plan, Total assets ($B): 30.087909242 · Participants: 240493CVS Health Future Fund 401(k) PlanTextron Savings Plan, Total assets ($B): 6.12531514 · Participants: 26609Textron Savings PlanCfg Retirement Savings Plan, Total assets ($B): 3.249944772 · Participants: 17893Cfg Retirement Savings PlanUnfi 401(k) Plan, Total assets ($B): 2.764430113 · Participants: 26416Unfi 401(k) PlanFactory Mutual Insurance Company 401(k) Savings Plan, Total assets ($B): 1.916269037 · Participants: 4005Factory Mutual Insurance Company 401(k) Savings Plan
Sbera 401(k) Plan as Adopted by Shoreham Bank vs. nearby 401(k) plans in Rhode Island, assets vs. participants
Compare Sbera 401(k) Plan as Adopted by Shoreham Bank side-by-side with 3 peers →

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

Outside Rhode Island, the nearest 401(k) by assets is South Central Pallets, Inc. 401(k) Profit Sharing Plan in AR ($20M); by covered participants it is Medwest Associates, Inc. Profit Sharing Plan in IL (105 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (105 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 Shoreham Bank assets move in 2024? ▼
Sbera 401(k) Plan as Adopted by Shoreham Bank grew sharply - up 18.2% during 2024, from $17M to $20M. Reported net income was $3M.
How have Shoreham Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Shoreham Bank's sponsor-wide assets grew 46.1%, from $14M to $20M.
Which 401(k) plans are similar in size to Sbera 401(k) Plan as Adopted by Shoreham Bank? ▼
Among 401(k) plans in other states, the closest by assets is South Central Pallets, Inc. 401(k) Profit Sharing Plan in AR ($20M, 50 participants).
Which 401(k) plans cover a similar participant headcount to Sbera 401(k) Plan as Adopted by Shoreham Bank? ▼
Among 401(k) plans in other states, the closest by covered participants is Medwest Associates, Inc. Profit Sharing Plan in IL (105 participants, N/A 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 050348208.

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.