401(k) · DOL Form 5500 · 2024
The Savings Bank Mutual Life Insurance Company of Massachusetts 401(k) Plan
Data updated 2026-08-25
- $92M
- Total assets Below avg plan size
- 186
- Participants Below avg headcount
- 90th
- Percentile by assets National rank
- $494,149
- Avg per participant High balance/head
Official DOL plan name: The Savings Bank Mutual Life Insurance Company of Massachusetts 401(k) Plan · Sponsored by The Savings Bank Mutual Life Insurance Company of Massachusetts · Massachusetts · Finance & Insurance
$92M in assets, 186 participants
The Savings Bank Mutual Life Insurance Company of Massachusetts's The Savings Bank Mutual Life Insurance Company of Massachusetts 401(k) Plan reported $92M in total assets and 186 participants in its 2024 DOL Form 5500 filing, ranking in the 90th 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.
- #7,200 in Finance & Insurance (8,549 peers)
Coverage in Massachusetts
The Savings Bank Mutual Life Insurance Company of Massachusetts 401(k) Plan covers 186 participants in Massachusetts, about 28% of the average Massachusetts filer (state average ~659 per filing). Assets: $92M.
- #7,200
- in Finance & Insurance (8,549 peers)
- +10.1%
- assets growth YoY
- 0.9×
- vs typical plan assets (national mean)
The Savings Bank Mutual Life Insurance Company of Massachusetts 401(k) Plan's outsized position by total assets
The Savings Bank Mutual Life Insurance Company of Massachusetts 401(k) Plan vs every filed plan by assets
End-of-year total assets · plan year 2024 · DOL Form 5500
$91,911,779 Top 10% higher than 90% of 123,620 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024
The Savings Bank Mutual Life Insurance Company of Massachusetts 401(k) 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. The Savings Bank Mutual Life Insurance Company of Massachusetts 401(k) Plan sits mid-pack in the medium band (186 participants).
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- The Savings Bank Mutual Life Insurance Company of Massachusetts 401(k) Plan reported net income fell from $16M in the plan year 2023 filing to $8M in the plan year 2024 filing.
- The Savings Bank Mutual Life Insurance Company of Massachusetts 401(k) Plan end-of-year assets rose from $83M in the plan year 2023 filing to $92M in the plan year 2024 filing.
- The Savings Bank Mutual Life Insurance Company of Massachusetts 401(k) Plan reported participants fell from 198 in the plan year 2023 filing to 186 in the plan year 2024 filing.
Form 5500 schedule snapshot
Filing strip 043117253 · The Savings Bank Mutual Life Insurance Company of Massachusetts PY 2024 · 401(k)
The Savings Bank Mutual Life Insurance Company of Massachusetts 401(k) Plan · $92M · 186 · 90th
- EIN $92M
- RANK 186
- PHOTO 90th
- IND 401(k)
- EOY near Profit Sharing & 401(k) Plan of Safra National Bank of New York
- 5500 ind #7200
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 →
The Savings Bank Mutual Life Insurance Company of Massachusetts 401(k) Plan in the asset neighbourhood
Massachusetts filing particulars
| Total Assets (Beginning of Year) | $83M |
|---|---|
| Net Assets (End of Year) | $92M |
| Net Income | $8M |
| Employer EIN | 043117253 |
| Plan Effective Date | 1993-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (The Savings Bank Mutual Life Insurance Company of Massachusetts)
Sponsor-wide plan assets over time
All The Savings Bank Mutual Life Insurance Company of Massachusetts plans reported in each filing year
- Latest sponsor-wide plan assets
- $92M 35.81889413050452% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 193 | $68M |
| 2023 | 1 | 198 | $83M |
| 2024 | 1 | 186 | $92M |
Nearby 401(k) Plans in Massachusetts
Peer 401(k) plans, same state, same plan type, ranked by total assets.
- Fidelity Retirement Savings Plan $34.2B · 66,907
- Liberty Mutual 401(k) Plan $11.4B · 34,618
- Massachusetts Institute of Technology Supplemental 401(k) Plan $7.7B · 14,762
- Boston Scientific Corporation 401(k) Retirement Savings Plan $6.8B · 20,639
- State Street Salary Savings Program $6.5B · 12,777
The Savings Bank Mutual Life Insurance Company of Massachusetts 401(k) Plan's out-of-state 401(k) peers by assets and headcount
Outside Massachusetts, the nearest 401(k) by assets is Profit Sharing & 401(k) Plan of Safra National Bank of New York in NY ($92M); by covered participants it is Recovery Unplugged 401(k) Plan in FL (186 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($92M here).
Similar participant headcount
Nearest other-state filings by covered participants (186 participants); asset peers above are excluded.
- Recovery Unplugged 401(k) Plan (FL) 186 · 0 off
- Pure Barre LLC 401(k) Profit Sharing Plan & Trust (CA) 186 · 0 off
- Playstudios US, LLC 401(k) Plan (NV) 186 · 0 off
- The Searing Industries Retirement Savings Plan (CA) 186 · 0 off
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.