401(k) · DOL Form 5500 · 2022

Westfield Bank 401(k) Plan

Data updated 2026-08-25

$34M
Total assets Below avg plan size
322
Participants Below avg headcount
84th
Percentile by assets National rank
$105,159
Avg per participant Below avg balance/head
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Official DOL plan name: 401(k) Plan as Adopted by Westfield Bank · Sponsored by Westfield Bank · Massachusetts · Finance & Insurance

$34M in assets, 322 participants

Westfield Bank's 401(k) Plan as Adopted by Westfield Bank reported $34M in total assets and 322 participants in its 2022 DOL Form 5500 filing, ranking in the 84th 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.

  • #6,894 in Finance & Insurance (9,261 peers)

Coverage in Massachusetts

401(k) Plan as Adopted by Westfield Bank covers 322 participants in Massachusetts, about 49% of the average Massachusetts filer (state average ~659 per filing). Assets: $34M.

#6,894
in Finance & Insurance (9,261 peers)
-14.6%
assets change YoY
0.3×
vs typical plan assets (national mean)

The plan reported a net loss of $6M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

401(k) Plan as Adopted by Westfield Bank's outsized position by total assets

401(k) Plan as Adopted by Westfield Bank vs every filed plan by assets

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

$33,861,193 Top 16% higher than 84% 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

401(k) Plan as Adopted by Westfield Bank among mid-size filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. 401(k) Plan as Adopted by Westfield Bank sits mid-pack in the medium band (322 participants).

Form 5500 schedule snapshot

Filing strip 043305700 · Westfield Bank PY 2022 · 401(k)

401(k) Plan as Adopted by Westfield Bank · $34M · 322 · 84th

  • EIN $34M
  • RANK 322
  • PHOTO 84th
  • IND 401(k)
  • EOY near Rehabvisions 401(k) Plan
  • 5500 ind #6894

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 →

401(k) Plan as Adopted by Westfield Bank in the asset neighbourhood

401(k) Plan as Adopted by Westfield Bank401(k) Plan as Adopted by We…$34MRehabvisions 401(k) Plan$34MKta Tator, Inc. 401(k) Profit Sharing PlanKta Tator, Inc. 401(k) Profi…$34MLife University, Inc. 401(k) Savings PlanLife University, Inc. 401(k)…$34MM-L Holdings Company Retirement Savings PlanM-L Holdings Company Retirem…$34M
End-of-year total assets ($M) among 401(k) Plan as Adopted by Westfield Bank and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Massachusetts filing particulars

Total Assets (Beginning of Year)$40M
Net Assets (End of Year)$34M
Net Income-$6M
Employer EIN043305700
Plan Effective Date1995-04-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Westfield Bank)

Sponsor-wide plan assets over time

All Westfield Bank plans reported in each filing year

Latest sponsor-wide plan assets
$48M 41.923652837630385% vs 2022
2024 filing year
$30M$35M$40M$45M$50M 202220232024 $33.9M $48.1M ▲ +41.9%
Year Plans Participants Total Assets
2022 2 426 $34M
2023 1 325 $42M
2024 1 331 $48M

Nearby 401(k) Plans in Massachusetts

Peer 401(k) plans, same state, same plan type, ranked by total assets.

401(k) Plan as Adopted by Westfield Bank vs. nearby 401(k) plans in Massachusetts, assets vs. participants Scatter plot of 6 data points. -200000200004000060000 -100102030 Total assets ($B) Participants 401(k) Plan as Adopted by Westfield Bank, Total assets ($B): 0.033861193 · Participants: 322401(k) Plan as Adopted by Westfield BankFidelity 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
401(k) Plan as Adopted by Westfield Bank vs. nearby 401(k) plans in Massachusetts, assets vs. participants
Compare 401(k) Plan as Adopted by Westfield Bank side-by-side with 3 peers →

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

Outside Massachusetts, the nearest 401(k) by assets is Rehabvisions 401(k) Plan in NE ($34M); by covered participants it is Material Control, Inc. 401(k) Plan in IL (322 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($34M here).

Similar participant headcount

Nearest other-state filings by covered participants (322 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 401(k) Plan as Adopted by Westfield Bank assets move in 2022? ▼
401(k) Plan as Adopted by Westfield Bank pulled back noticeably - down 14.6% during 2022, from $40M to $34M. Reported net income was -$6M.
How have Westfield Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Westfield Bank's sponsor-wide assets grew 41.9%, from $34M to $48M.
Where does 401(k) Plan as Adopted by Westfield Bank rank by assets among Form 5500 filers? ▼
401(k) Plan as Adopted by Westfield Bank ranks in the 84th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to 401(k) Plan as Adopted by Westfield Bank? ▼
Among 401(k) plans in other states, the closest by assets is Rehabvisions 401(k) Plan in NE ($34M, 912 participants).
Which 401(k) plans cover a similar participant headcount to 401(k) Plan as Adopted by Westfield Bank? ▼
Among 401(k) plans in other states, the closest by covered participants is Material Control, Inc. 401(k) Plan in IL (322 participants, $21M 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 043305700.

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.