401(k) · DOL Form 5500 · 2022

Eastern Bank 401(k) Plan

Data updated 2026-08-25

$296M
Total assets Near avg plan size
2,425
Participants Above avg headcount
97th
Percentile by assets National rank
$121,892
Avg per participant Near avg balance/head
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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.

  • #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.

#8,735
in Finance & Insurance (9,261 peers)
-14.9%
assets change YoY
3.0×
vs typical plan assets (national mean)

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.

Eastern Bank 401(k) Plan's outsized position by total assets

Eastern Bank 401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$295,587,741 Top 3% higher than 97% of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

Eastern Bank 401(k) Plan's large-plan peer group by participant headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Eastern Bank 401(k) Plan lands in the large band (2,425 participants).

Published 5500 schedule card

Filing strip 043067724 · Eastern Bank PY 2022 · 401(k)

Eastern Bank 401(k) Plan · $296M · 2,425 · 97th

  • BOY $296M
  • BOY 2,425
  • BOY 97th
  • BOY 401(k)
  • BOY near Central Bancompany Tax Reduction Thrift 401(k) Plan
  • BOY ind #8735

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 →

Eastern Bank 401(k) Plan in the asset neighbourhood

Signature Bank Employee 401(k) PlanSignature Bank Employee 401(…$296MEastern Bank 401(k) Plan$296MCentral Bancompany Tax Reduction Thrift 401(k) PlanCentral Bancompany Tax Reduc…$296MI.a.T.S.E. Local 33 Section 401(k) PlanI.a.T.S.E. Local 33 Section …$295MNew Jersey Resources Corporation Employees' Retirement Savings PlanNew Jersey Resources Corpora…$295M
End-of-year total assets ($M) among Eastern Bank 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Massachusetts filing particulars

Total Assets (Beginning of Year)$347M
Net Assets (End of Year)$296M
Net Income-$52M
Employer EIN043067724
Plan Effective Date1992-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Eastern Bank)

Sponsor-wide plan assets over time

All Eastern Bank plans reported in each filing year

Latest sponsor-wide plan assets
$946M 3.0497301683910547% vs 2022
2024 filing year
$0.9B$0.95B$1B$1.05B 202220232024 $0.98B $0.95B ▼ -3.1%
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 Scatter plot of 6 data points. -200000200004000060000 -50510152025 Total assets ($B) Participants Eastern Bank 401(k) Plan, Total assets ($B): 0.295587741 · Participants: 2425Eastern Bank 401(k) PlanFidelity Retirement Savings Plan, Total assets ($B): 22.953563448 · Participants: 52036Fidelity Retirement Savings PlanLiberty Mutual 401(k) Plan, Total assets ($B): 8.79802945 · Participants: 32843Liberty Mutual 401(k) PlanMassachusetts Institute of Technology Supplemental 401(k) Plan, Total assets ($B): 5.810585521 · Participants: 13690Massachusetts Institute of Technology Supplemental 401(k) PlanPhilips North America 401(k) Plan, Total assets ($B): 5.180251859 · Participants: 19750Philips North America 401(k) PlanBoston Scientific Corporation 401(k) Retirement Savings Plan, Total assets ($B): 4.853752256 · Participants: 18359Boston Scientific Corporation 401(k) Retirement Savings Plan
Eastern Bank 401(k) Plan vs. nearby 401(k) plans in Massachusetts, assets vs. participants
Compare Eastern Bank 401(k) Plan side-by-side with 3 peers →

Eastern Bank 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Massachusetts, the nearest 401(k) by assets is Central Bancompany Tax Reduction Thrift 401(k) Plan in MO ($296M); by covered participants it is Seneca Gaming Corporation 401(k) Plan in NY (2,424 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (2,425 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Eastern Bank 401(k) Plan assets move in 2022? ▼
Eastern Bank 401(k) Plan pulled back noticeably - down 14.9% during 2022, from $347M to $296M. Reported net income was -$52M.
How have Eastern Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Eastern Bank's sponsor-wide assets declined 3.0%, from $976M to $946M.
Where does Eastern Bank 401(k) Plan rank by assets among Form 5500 filers? ▼
Eastern Bank 401(k) Plan ranks in the 97th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top 5% of all filed plans by assets).
Which 401(k) plans are similar in size to Eastern Bank 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Central Bancompany Tax Reduction Thrift 401(k) Plan in MO ($296M, 2,881 participants).
Which 401(k) plans cover a similar participant headcount to Eastern Bank 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Seneca Gaming Corporation 401(k) Plan in NY (2,424 participants, $91M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 043067724.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.