Defined Benefit (Pension) · DOL Form 5500 · 2024
Eastern Bank Pension Plan
Data updated 2026-08-11
- $583M
- Total assets
- 1,784
- Participants
- 97th
- Percentile by assets
- $326,941
- Avg per participant
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.
- 97th percentile by assets (of 123,622 plans)
- #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.
- $583M
- total plan assets (2024 EOY)
- 1,784
- covered participants
- 97th
- percentile by assets (of 123,622 plans)
- $326,941
- avg assets per participant
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.
Participants vs Massachusetts filers
In Massachusetts, the average filing covers about 659 participants across 4,265 plans. Sbera Pension Plan as Adopted by Eastern Bank reports 1,784 participants - 2.7x that state average ($583M EOY assets).
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)
| 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.
Sbera Pension Plan as Adopted by Eastern Bank vs. nearby Defined Benefit (Pension) plans in Massachusetts, assets vs. participants
- 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
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to Sbera Pension Plan as Adopted by Eastern Bank by total assets, not by location.
- 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
Frequently Asked Questions
How did Sbera Pension Plan as Adopted by Eastern Bank assets move in 2024? ▼
How have Eastern Bank plan assets changed over time? ▼
Where does Sbera Pension Plan as Adopted by Eastern Bank rank by assets among Form 5500 filers? ▼
Which Defined Benefit (Pension) plans are similar in size to Sbera Pension Plan as Adopted by Eastern Bank? ▼
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Filing takeaways
Ways to act on Sbera Pension Plan as Adopted by Eastern Bank's numbers.
- By total assets, Sbera Pension Plan as Adopted by Eastern Bank ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in Massachusetts. Compare plans
- Eastern Bank's sponsor-wide assets have declined 3.0% since 2022 across 3 plan years on file. More Finance & Insurance plans