401(k) · DOL Form 5500 · 2024

South Shore Bank 401(k) Plan

Data updated 2026-08-25

$39M
Total assets Below avg plan size
236
Participants Below avg headcount
81st
Percentile by assets National rank
$164,368
Avg per participant Above avg balance/head
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Official DOL plan name: South Shore Bank 401(k) Plan · Sponsored by South Shore Bank · Massachusetts · Finance & Insurance

$39M in assets, 236 participants

South Shore Bank's South Shore Bank 401(k) Plan reported $39M in total assets and 236 participants in its 2024 DOL Form 5500 filing, ranking in the 81st 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.

  • #6,034 in Finance & Insurance (8,549 peers)

Coverage in Massachusetts

South Shore Bank 401(k) Plan covers 236 participants in Massachusetts, about 36% of the average Massachusetts filer (state average ~659 per filing). Assets: $39M.

#6,034
in Finance & Insurance (8,549 peers)
+7.4%
assets growth YoY
0.4×
vs typical plan assets (national mean)

South Shore Bank 401(k) Plan's outsized position by total assets

South Shore Bank 401(k) Plan vs every filed plan by assets

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

$38,790,914 Top 19% higher than 81% 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

South Shore Bank 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. South Shore Bank 401(k) Plan sits mid-pack in the medium band (236 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • South Shore Bank 401(k) Plan reported net income fell from $6M in the plan year 2023 filing to $3M in the plan year 2024 filing.
  • South Shore Bank 401(k) Plan reported participants rose from 207 in the plan year 2023 filing to 236 in the plan year 2024 filing.
  • South Shore Bank 401(k) Plan end-of-year assets rose from $36M in the plan year 2023 filing to $39M in the plan year 2024 filing.

See the national 2023→2024 release diff →

DOL schedule card

Filing strip 041963710 · South Shore Bank PY 2024 · 401(k)

South Shore Bank 401(k) Plan · $39M · 236 · 81st

  • TYPE $39M
  • NET 236
  • BOOK 81st
  • VS-ST 401(k)
  • BOY near Cementation USA, Inc. 401(k) Plan
  • SCH ind #6034

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 →

South Shore Bank 401(k) Plan in the asset neighbourhood

South Shore Bank 401(k) Plan$39MCementation USA, Inc. 401(k) PlanCementation USA, Inc. 401(k)…$39MAnagram International, LLC 401(k) PlanAnagram International, LLC 4…$39MSanborn, Head & Associates, Inc. 401(k) Retirement PlanSanborn, Head & Associates, …$39MInspyr Solutions and Mplt Healthcare Retirement PlanInspyr Solutions and Mplt He…$39M
End-of-year total assets ($M) among South Shore Bank 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Massachusetts filing particulars

Total Assets (Beginning of Year)$36M
Net Assets (End of Year)$39M
Net Income$3M
Employer EIN041963710
Plan Effective Date1996-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (South Shore Bank)

Sponsor-wide plan assets over time

All South Shore Bank plans reported in each filing year

Latest sponsor-wide plan assets
$39M 27.97525223463147% vs 2022
2024 filing year
$25M$30M$35M$40M 202220232024 $30.3M $38.8M ▲ +28.0%
Year Plans Participants Total Assets
2022 1 211 $30M
2023 1 207 $36M
2024 1 236 $39M

Nearby 401(k) Plans in Massachusetts

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

South Shore Bank 401(k) Plan vs. nearby 401(k) plans in Massachusetts, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -10010203040 Total assets ($B) Participants South Shore Bank 401(k) Plan, Total assets ($B): 0.038790914 · Participants: 236South Shore Bank 401(k) 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
South Shore Bank 401(k) Plan vs. nearby 401(k) plans in Massachusetts, assets vs. participants
Compare South Shore Bank 401(k) Plan side-by-side with 3 peers →

South Shore Bank 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Massachusetts, the nearest 401(k) by assets is Cementation USA, Inc. 401(k) Plan in UT ($39M); by covered participants it is J.B. Sullivan, Inc. Retirement Plan in IL (236 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (236 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 South Shore Bank 401(k) Plan assets move in 2024? ▼
South Shore Bank 401(k) Plan grew at a solid clip - up 7.4% during 2024, from $36M to $39M. Reported net income was $3M.
How have South Shore Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), South Shore Bank's sponsor-wide assets grew 28.0%, from $30M to $39M.
Where does South Shore Bank 401(k) Plan rank by assets among Form 5500 filers? ▼
South Shore Bank 401(k) Plan ranks in the 81st 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 South Shore Bank 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Cementation USA, Inc. 401(k) Plan in UT ($39M, 365 participants).
Which 401(k) plans cover a similar participant headcount to South Shore Bank 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is J.B. Sullivan, Inc. Retirement Plan in IL (236 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 041963710.

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.