Salem, MA Form 5500 retirement and benefit plan filings

City Form 5500 summary

According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Salem, MA has 21 loaded benefit plan(s) reported by 16 plan sponsor(s), with $242,997,465 in total reported end-of-year plan assets across loaded filings. The latest loaded Form 5500 filing year is 2023.

Loaded plans
21
Plan sponsors
16
Latest filing year
2023

Reported financial aggregate (2023)

Reported net position

Total reported assets (EOY)
$242,997,465
Total reported liabilities (EOY)
$0
Total reported net assets (EOY)
$242,997,465

Contributions & income

Employer contributions
$3,406,741
Participant contributions
$9,315,328
Total income / additions
$50,863,003

Expenses & distributions

Benefits paid / distributions
$19,420,979
Total expenses
$19,588,945
Net increase / (decrease)
$31,274,058

Coverage

Total reported participants
3,722
Plans with financial statements
14
Plans with provider compensation
4

Totals sum the latest loaded 2023 public Form 5500 filing per plan for Salem, MA plans — one filing per plan, so multiple years are never double-counted. Figures are reported values from loaded Schedule H / I (and Schedule C for provider compensation); fields a plan did not report are treated as missing, not zero. These are not audited or official totals.

Largest loaded plans by reported assets

Largest loaded plans in Salem, MA
PlanSponsorReported assets (EOY)Year
Salem Five 401(K) Retirement PlanSalem Five Cents Savings Bank$99,176,5022023
Sbera Pension Plan As Adopted By Salem Five Cents Savings BankSalem Five Cents Savings Bank$75,181,0162023
Amanti Employee Retirement PlanE. Amanti & Sons, Inc.$15,855,2922023
Cabot Wealth Management, Inc.Profit Sharing PlanCabot Wealth Management, Inc.$10,993,6412023
Peabody Essex Museum 401(A) PlanPeabody Essex Museum$10,953,6282023
The Groom Construction Co., Inc. 401(K) PlanGroom Construction Co., Inc.$10,136,9342023
Salem Glass 401k PlanSalem Glass Company$8,891,7422023
Pepperdash Technology Corporation 401(K) PlanPepperdash Technology Corporation$3,513,4752023
Mhl LLC 401(K) Profit Sharing Plan & TrustMhl LLC$2,733,7062023
James J. Welch & Co., Inc. 401(K) PlanJames J. Welch & Co., Inc.$1,698,6572023
United States Biological 401(K) PlanUnited States Biological$1,584,4612023
Highland Dental Group, LLC 401(K) Profit Sharing PlanHighland Dental Group, LLC$1,154,6172023
Net Atlantic, Inc. 401(K) PlanNet Atlantic, Inc.$1,123,7942023
Yeaton, Inc. Profit Sharing PlanYeaton, Inc.$02023
Salem Five Cents Savings Bank Consolidated Benefits PlanSalem Five Cents Savings Banknot reported in the loaded dataset2023
North Shore Community Health, Inc. Benefits PlanNorth Shore Community Health, Inc.not reported in the loaded dataset2023
Crosbys Markets, Inc. Flexible Benefit PlanCrosbys Markets, Inc.not reported in the loaded dataset2023
Groom Construction Co., Inc. Life And Disability Benefits PlanGroom Construction Co., Inc.not reported in the loaded dataset2023
H & C Service LLC Employee Benefit PlanH & C Service LLCnot reported in the loaded dataset2023
E Amanti And Sons Inc Employee Benefit PlanE Amanti And Sons Incnot reported in the loaded dataset2023
Peabody Essex Museum Health & Welfare PlanPeabody Essex Museumnot reported in the loaded dataset2023

Related Form 5500 pages