Defined Benefit (Pension) · DOL Form 5500 · 2024
Eastern Bank Pension Plan
Data updated 2026-08-25
- $583M
- Total assets Above avg plan size
- 1,784
- Participants Near avg headcount
- 97th
- Percentile by assets National rank
- $326,941
- Avg per participant High balance/head
Official DOL plan name: Sbera Pension Plan as Adopted by Eastern Bank · Sponsored by Eastern Bank · Massachusetts · Finance & Insurance
$583M in assets, 1,784 participants
Eastern Bank's Sbera Pension Plan as Adopted by Eastern Bank reported $583M in total assets and 1,784 participants in its 2024 DOL Form 5500 filing, ranking in the 97th 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.
- #8,171 in Finance & Insurance (8,549 peers)
Coverage in Massachusetts
Sbera Pension Plan as Adopted by Eastern Bank covers 1,784 participants in Massachusetts, 2.7x the typical Massachusetts plan (state average ~659 per filing). Assets: $583M.
- #8,171
- in Finance & Insurance (8,549 peers)
- +19.0%
- assets growth YoY
- 5.9×
- vs typical plan assets (national mean)
Sbera Pension Plan as Adopted by Eastern Bank's outsized position by total assets
Sbera Pension Plan as Adopted by Eastern Bank vs every filed plan by assets
End-of-year total assets · plan year 2024 · DOL Form 5500
$583,263,282 Top 3% higher than 97% 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
Sbera Pension Plan as Adopted by Eastern Bank's large-plan peer group by participant headcount
Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Sbera Pension Plan as Adopted by Eastern Bank lands in the large band (1,784 participants).
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Sbera Pension Plan as Adopted by Eastern Bank reported net income fell from $68M in the plan year 2023 filing to $37M in the plan year 2024 filing.
- Sbera Pension Plan as Adopted by Eastern Bank end-of-year assets rose from $490M in the plan year 2023 filing to $583M in the plan year 2024 filing.
- Sbera Pension Plan as Adopted by Eastern Bank reported participants rose from 1,534 in the plan year 2023 filing to 1,784 in the plan year 2024 filing.
Published 5500 schedule card
Filing strip 043067724 · Eastern Bank PY 2024 · Defined Benefit (Pension)
Sbera Pension Plan as Adopted by Eastern Bank · $583M · 1,784 · 97th
- PHOTO $583M
- PHOTO 1,784
- PHOTO 97th
- PHOTO Defined Benefit (Pension)
- PHOTO near Recology Defined Benefit Pension Plan
- PHOTO ind #8171
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 Pension Plan as Adopted by Eastern Bank in the asset neighbourhood
Massachusetts filing particulars
| Total Assets (Beginning of Year) | $490M |
|---|---|
| Net Assets (End of Year) | $583M |
| Net Income | $37M |
| Employer EIN | 043067724 |
| Plan Effective Date | 1981-11-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Eastern Bank)
Sponsor-wide plan assets over time
All Eastern Bank plans reported in each filing year
- Latest sponsor-wide plan assets
- $946M 3.0497301683910547% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 4 | 5,829 | $976M |
| 2023 | 3 | 5,359 | $1.0B |
| 2024 | 3 | 3,851 | $946M |
Nearby Defined Benefit (Pension) Plans in Massachusetts
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
- Consolidated Cash Balance Program of Mass General Brigham and Member Organizations $11.6B · 60,621
- New England Teamsters Pension Fund $9.1B · 21,577
- Liberty Mutual Retirement Benefit Plan $6.3B · 34,910
- Massachusetts Institute of Technology Basic Retirement Plan $5.9B · 12,533
- N. Atlantic States Carp. Pension Fund $5.1B · 16,946
Sbera Pension Plan as Adopted by Eastern Bank's out-of-state Defined Benefit (Pension) peers by assets and headcount
Outside Massachusetts, the nearest Defined Benefit (Pension) by assets is Recology Defined Benefit Pension Plan in CA ($583M); by covered participants it is Long Island Electric Utility Servco LLC Retirement Income Plan in NY (1,784 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($583M here).
- Recology Defined Benefit Pension Plan (CA) $583M · 942
- Levi Strauss & Co. Pension Plan (CA) $581M · 320
- Atmos Energy Corporation Pension Account Plan (TX) $580M · 1,882
- The Brink's Company Frozen Pension Plan (VA) $588M · 968
Similar participant headcount
Nearest other-state filings by covered participants (1,784 participants); asset peers above are excluded.
- Long Island Electric Utility Servco LLC Retirement Income Plan (NY) 1,784 · 0 off
- Maryland Electrical Industry Pension Plan (WV) 1,784 · 0 off
- Local 338 Retirement Fund (NY) 1,782 · 2 off
- Riverside Health System Retirement Income Plan (VA) 1,780 · 4 off
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.