Salem Five Cents Savings Bank 401(k) match, vesting and fees
What Salem Five Cents Savings Bank's 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Empower Annuity Insurance Company O | Schedule C ↗ |
| Independent auditor | Wolf & Company, PC (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2025 medians for 208 defined-contribution plans in finance and insurance with 500 to 999 participants.
| Salem Five Cents Savings Bank: employer contribution per participant | $2,398 | |
| Peer median | $3,090 |
| Salem Five Cents Savings Bank: average balance | $132,204 | |
| Peer median | $119,169 |
| Salem Five Cents Savings Bank: admin expenses ÷ assets | 0.02% | |
| Peer median | 0.10% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $114M at the end of plan year 2021 to $115M at the end of plan year 2025.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2025 | 895 | $115M | $2.1M | $2,398 | 0.02% | Not published | Form 5500 ↗ |
| 2024 | 1,002 | $108M | $2M | $2,069 | 0.02% | Not published | Form 5500 ↗ |
| 2023 | 994 | $99.2M | $1.8M | $1,918 | 0.02% | Not published | Form 5500 ↗ |
| 2022 | 977 | $89.8M | $1.7M | $1,862 | 0.01% | Not published | Form 5500 ↗ |
| 2021 | 968 | $114M | $1.7M | $1,861 | 0.01% | Not published | Form 5500 ↗ |
Other Salem Five Cents Savings Bank plans (1)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Sbera Pension Plan As Adopted by Salem Five Cents Savings Bank
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Independent auditor | Johnson Oconnor Feron & Carucci LLP (unmodified opinion) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Active | Form 5500 ↗ |
Common questions
Does Salem Five Cents Savings Bank match 401(k) contributions?
The match terms for the Salem Five 401(k) Retirement Plan have not been published from its filing yet. The plan year 2025 filing reports $2.1M in employer contributions, about $2,398 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Salem Five Cents Savings Bank 401(k) match vested?
The vesting schedule for the Salem Five 401(k) Retirement Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Salem Five Cents Savings Bank 401(k)?
The recordkeeper listed on Schedule C of the plan year 2025 filing is Empower Annuity Insurance Company O. The plan administrator is Salem Five Cents Savings Bank.
I left Salem Five Cents Savings Bank. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Salem Five Cents Savings Bank, (978) 720-5635) or the recordkeeper, Empower Annuity Insurance Company O. The Salem Five Cents Savings Bank old 401(k) page lists the contacts from every plan filing. Find an old Salem Five Cents Savings Bank 401(k)
Data from the public Form 5500 annual reports Salem Five Cents Savings Bank filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024 and 2025) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Salem Five Cents Savings Bank. Not financial advice. Report a correction · Methodology