Defined Benefit (Pension) · DOL Form 5500 · 2024
Cornerstone Bank Pension Plan
Data updated 2026-08-25
- $14M
- Total assets Small plan by assets
- 45
- Participants Small participant base
- 63rd
- Percentile by assets National rank
- $304,466
- Avg per participant High balance/head
Official DOL plan name: Sbera Pension Plan as Adopted by Spencer Savings Bank · Sponsored by Cornerstone Bank · Massachusetts · Finance & Insurance
$14M in assets, 45 participants
Cornerstone Bank's Sbera Pension Plan as Adopted by Spencer Savings Bank reported $14M in total assets and 45 participants in its 2024 DOL Form 5500 filing, ranking in the 63rd 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.
- #3,971 in Finance & Insurance (8,549 peers)
Cornerstone Bank multi-year trail
Cornerstone Bank's plans moved +24.2% in assets from 2022 to 2024; this filing shows Sbera Pension Plan as Adopted by Spencer Savings Bank at $14M / 45 participants.
- #3,971
- in Finance & Insurance (8,549 peers)
- -11.0%
- assets change YoY
The plan reported a net loss of $2M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Sbera Pension Plan as Adopted by Spencer Savings Bank's mid-pack asset rank among Finance & Insurance and all filers
Sbera Pension Plan as Adopted by Spencer Savings Bank vs every filed plan by assets
End-of-year total assets · plan year 2024 · DOL Form 5500
$13,700,986 Top 37% higher than 63% 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 Spencer Savings Bank among smaller filed plans by 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 Spencer Savings Bank is a small filing (45 participants) on this national headcount ladder.
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Sbera Pension Plan as Adopted by Spencer Savings Bank reported net income fell from $301K in the plan year 2023 filing to -$2M in the plan year 2024 filing.
- Sbera Pension Plan as Adopted by Spencer Savings Bank reported participants rose from 35 in the plan year 2023 filing to 45 in the plan year 2024 filing.
- Sbera Pension Plan as Adopted by Spencer Savings Bank end-of-year assets fell from $15M in the plan year 2023 filing to $14M in the plan year 2024 filing.
EBSA filing schedule strip
Filing strip 041856390 · Cornerstone Bank PY 2024 · Defined Benefit (Pension)
Sbera Pension Plan as Adopted by Spencer Savings Bank · $14M · 45 · 63rd
- BOOK $14M
- BOOK 45
- BOOK 63rd
- BOOK Defined Benefit (Pension)
- BOOK near Retirement Plan for Salaried Employees of New York City Ballet, Inc.
- BOOK ind #3971
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 Spencer Savings Bank in the asset neighbourhood
Cornerstone Bank multi-year asset trail
Sponsor-wide plan assets over time
All Cornerstone Bank plans reported in each filing year
- Latest sponsor-wide plan assets
- $47M 24.241143182945944% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 3 | 222 | $38M |
| 2023 | 3 | 222 | $45M |
| 2024 | 2 | 219 | $47M |
Cornerstone Bank filing trail (2024)
| Total Assets (Beginning of Year) | $15M |
|---|---|
| Net Assets (End of Year) | $14M |
| Net Income | -$2M |
| Employer EIN | 041856390 |
| Plan Effective Date | 1989-11-01 |
| Filing Status | FILING RECEIVED |
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 Spencer Savings Bank's out-of-state Defined Benefit (Pension) peers by assets and headcount
Outside Massachusetts, the nearest Defined Benefit (Pension) by assets is Retirement Plan for Salaried Employees of New York City Ballet, Inc. in NY ($14M); by covered participants it is Employee Benefits Plan of Cp Rochester in NY (45 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($14M here).
Similar participant headcount
Nearest other-state filings by covered participants (45 participants); asset peers above are excluded.
- Employee Benefits Plan of Cp Rochester (NY) 45 · 0 off
- Rsr Hourly Pension - New York (TX) 45 · 0 off
- Unholtz-Dickie Corporation Retirement Plan (CT) 45 · 0 off
- Arcelormittal Sales & Administration LLC Main Pension Plan (IN) 45 · 0 off
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.