Defined Benefit (Pension) · DOL Form 5500 · 2024

Martha's Vineyard Bank Pension Plan

Data updated 2026-08-11

$32M
Total assets: 96
Participants: 78th
Percentile by assets: $332,718
Avg per participant

Official DOL plan name: Sbera Pension Plan as Adopted by Martha's Vineyard Bank · Sponsored by Martha's Vineyard Bank · Massachusetts · Finance & Insurance

$32M in assets, 96 participants

Martha's Vineyard Bank's Sbera Pension Plan as Adopted by Martha's Vineyard Bank reported $32M in total assets and 96 participants in its 2024 DOL Form 5500 filing, ranking in the 78th 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.

78th percentile by assets (of 123,622 plans)
#5,645 in Finance & Insurance (8,549 peers)

Where Sbera Pension Plan as Adopted by Martha's Vineyard Bank sits by assets

Sbera Pension Plan as Adopted by Martha's Vineyard Bank sits in the top quartile of all filed plans by assets, $32M for 96 participants (~$332,718/participant), up 6.1% in 2024.

$32M
total plan assets (2024 EOY): 96
covered participants: 78th
percentile by assets (of 123,622 plans): $332,718
avg assets per participant

Where Sbera Pension Plan as Adopted by Martha's Vineyard Bank sits by total assets

Sbera Pension Plan as Adopted by Martha's Vineyard Bank vs every filed plan by assets

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

$31,940,927 Top 22% higher than 78% 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 Martha's Vineyard Bank reported net income fell from $5M in the plan year 2023 filing to $2M in the plan year 2024 filing.
Sbera Pension Plan as Adopted by Martha's Vineyard Bank reported participants rose from 90 in the plan year 2023 filing to 96 in the plan year 2024 filing.
Sbera Pension Plan as Adopted by Martha's Vineyard Bank end-of-year assets rose from $30M in the plan year 2023 filing to $32M in the plan year 2024 filing.

See the national 2023→2024 release diff →

State

Massachusetts

Industry

Finance & Insurance

Sbera Pension Plan as Adopted by Martha's Vineyard Bank vs the 2024 asset distribution

By assets, Sbera Pension Plan as Adopted by Martha's Vineyard Bank outranks 78% of the 123,622 plans that filed a Form 5500 for the 2024 plan year, and holds roughly 0.3x the national average plan size of $100M (721 average participants).

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)	$30M
Net Assets (End of Year)	$32M
Net Income	$2M
Employer EIN	862942879
Plan Effective Date	1981-11-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Martha's Vineyard Bank)

Total plan assets by year, all Martha's Vineyard Bank plans on file

Year	Plans	Participants	Total Assets
2022	1	90	$25M
2023	1	90	$30M
2024	1	96	$32M

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 Martha's Vineyard 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

Compare Sbera Pension Plan as Adopted by Martha'… side-by-side with 3 peers →

Similar-Sized Defined Benefit (Pension) Plans Nationally

Defined Benefit (Pension) plans in other states closest to Sbera Pension Plan as Adopted by Martha's Vineyard Bank by total assets, not by location.

Farm Family Employee Retirement Plan (NY) $32M · 38
IBEW Local 840 Pension Fund (NY) $32M · 142
Corbin Russwin, Inc. Pension Plan for Hourly Employees (CT) $32M · 75
Knauf Retirement Plan for Union Employees (IN) $32M · 103

Frequently Asked Questions

How did Sbera Pension Plan as Adopted by Martha's Vineyard Bank assets move in 2024? ▼

Sbera Pension Plan as Adopted by Martha's Vineyard Bank grew at a solid clip - up 6.1% during 2024, from $30M to $32M. Reported net income was $2M.

How have Martha's Vineyard Bank plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Martha's Vineyard Bank's sponsor-wide assets grew 28.3%, from $25M to $32M.

Where does Sbera Pension Plan as Adopted by Martha's Vineyard Bank rank by assets among Form 5500 filers? ▼

Sbera Pension Plan as Adopted by Martha's Vineyard Bank ranks in the 78th 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 Defined Benefit (Pension) plans are similar in size to Sbera Pension Plan as Adopted by Martha's Vineyard Bank? ▼

Among Defined Benefit (Pension) plans in other states, the closest by assets is Farm Family Employee Retirement Plan in NY ($32M, 38 participants).

Next read for Sbera Pension Plan as Adopted by Martha'…

Scale reading

Ways to act on Sbera Pension Plan as Adopted by Martha's Vineyard Bank's numbers.

By total assets, Sbera Pension Plan as Adopted by Martha's Vineyard Bank ranks in the top quartile 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
Martha's Vineyard Bank's sponsor-wide assets have grown 28.3% since 2022 across 3 plan years on file. More Finance & Insurance plans

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 862942879.