401(k) · DOL Form 5500 · 2022
Eastern Bank 401(k) Plan
Data updated 2026-08-11
- $296M
- Total assets
- 2,425
- Participants
- 97th
- Percentile by assets
- $121,892
- Avg per participant
Official DOL plan name: Eastern Bank 401(k) Plan · Sponsored by Eastern Bank · Massachusetts · Finance & Insurance
$296M in assets, 2,425 participants
Eastern Bank's Eastern Bank 401(k) Plan reported $296M in total assets and 2,425 participants in its 2022 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 139,126 plans)
- #8,735 in Finance & Insurance (9,261 peers)
Coverage in Massachusetts
Eastern Bank 401(k) Plan covers 2,425 participants in Massachusetts, 3.7x the typical Massachusetts plan (state average ~659 per filing). Assets: $296M.
- $296M
- total plan assets (2022 EOY)
- 2,425
- covered participants
- 97th
- percentile by assets (of 139,126 plans)
- $121,892
- avg assets per participant
The plan reported a net loss of $52M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Participants vs Massachusetts filers
In Massachusetts, the average filing covers about 659 participants across 4,265 plans. Eastern Bank 401(k) Plan reports 2,425 participants - 3.7x that state average ($296M EOY assets).
Massachusetts filing particulars
| Total Assets (Beginning of Year) | $347M |
|---|---|
| Net Assets (End of Year) | $296M |
| Net Income | -$52M |
| Employer EIN | 043067724 |
| Plan Effective Date | 1992-01-01 |
| 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 401(k) Plans in Massachusetts
Peer 401(k) plans, same state, same plan type, ranked by total assets.
Eastern Bank 401(k) Plan vs. nearby 401(k) plans in Massachusetts, assets vs. participants
- Fidelity Retirement Savings Plan $23.0B · 52,036
- Liberty Mutual 401(k) Plan $8.8B · 32,843
- Massachusetts Institute of Technology Supplemental 401(k) Plan $5.8B · 13,690
- Philips North America 401(k) Plan $5.2B · 19,750
- Boston Scientific Corporation 401(k) Retirement Savings Plan $4.9B · 18,359
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Eastern Bank 401(k) Plan by total assets, not by location.
- Central Bancompany Tax Reduction Thrift 401(k) Plan (MO) $296M · 2,881
- I.a.T.S.E. Local 33 Section 401(k) Plan (CA) $295M · 6,738
- Signature Bank Employee 401(k) Plan (TX) $296M · 1,781
- New Jersey Resources Corporation Employees' Retirement Savings Plan (NJ) $295M · 1,257
Frequently Asked Questions
How did Eastern Bank 401(k) Plan assets move in 2022? ▼
How have Eastern Bank plan assets changed over time? ▼
Where does Eastern Bank 401(k) Plan rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to Eastern Bank 401(k) Plan? ▼
Next read for Eastern Bank 401(k) Plan
Filing takeaways
Ways to act on Eastern Bank 401(k) Plan's numbers.
- By total assets, Eastern Bank 401(k) Plan ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar 401(k) 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