401(k) · DOL Form 5500 · 2022

Berkshire Bank 401(k) Plan

Data updated 2026-08-25

$150M
Total assets Near avg plan size
953
Participants Near avg headcount
95th
Percentile by assets National rank
$156,984
Avg per participant Above avg balance/head
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Official DOL plan name: Berkshire Bank 401(k) Plan · Sponsored by Berkshire Bank · Massachusetts · Finance & Insurance

$150M in assets, 953 participants

Berkshire Bank's Berkshire Bank 401(k) Plan reported $150M in total assets and 953 participants in its 2022 DOL Form 5500 filing, ranking in the 95th 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.

  • #8,424 in Finance & Insurance (9,261 peers)

Where Berkshire Bank 401(k) Plan sits by assets

Berkshire Bank 401(k) Plan sits in the top 5% of all filed plans by assets, $150M for 953 participants (~$156,984/participant), down 16.9% in 2022.

#8,424
in Finance & Insurance (9,261 peers)
-16.9%
assets change YoY
1.5×
vs typical plan assets (national mean)

The plan reported a net loss of $30M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

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

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

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

$149,605,917 Top 5% higher than 95% 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

Berkshire Bank 401(k) Plan 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. Berkshire Bank 401(k) Plan sits mid-pack in the medium band (953 participants).

Form 5500 schedule snapshot

Filing strip 043312097 · Berkshire Bank PY 2022 · 401(k)

Berkshire Bank 401(k) Plan · $150M · 953 · 95th

  • EBSA $150M
  • PART 953
  • TYPE 95th
  • NET 401(k)
  • BOOK near Keating Muething & Klekamp 401(k) Profit Sharing Plan
  • VS-ST ind #8424

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 →

Berkshire Bank 401(k) Plan in the asset neighbourhood

Keating Muething & Klekamp 401(k) Profit Sharing PlanKeating Muething & Klekamp 4…$150MBerkshire Bank 401(k) Plan$150MWestern Midstream Savings PlanWestern Midstream Savings Pl…$150MEnervest Employee Services, LLC 401(k) Savings PlanEnervest Employee Services, …$150MSuncor Energy 401(k) Savings PlanSuncor Energy 401(k) Savings…$149M
End-of-year total assets ($M) among Berkshire Bank 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Scale-class filing particulars (2022)

Total Assets (Beginning of Year)$180M
Net Assets (End of Year)$150M
Net Income-$30M
Employer EIN043312097
Plan Effective Date1993-04-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Berkshire Bank)

Sponsor-wide plan assets over time

All Berkshire Bank plans reported in each filing year

Latest sponsor-wide plan assets
$183M 22.15313716502269% vs 2022
2024 filing year
$140M$150M$160M$170M$180M$190M 202220232024 $150M $183M ▲ +22.2%
Year Plans Participants Total Assets
2022 1 953 $150M
2023 1 956 $165M
2024 1 1,024 $183M

Nearby 401(k) Plans in Massachusetts

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

Berkshire Bank 401(k) Plan vs. nearby 401(k) plans in Massachusetts, assets vs. participants Scatter plot of 6 data points. -200000200004000060000 -100102030 Total assets ($B) Participants Berkshire Bank 401(k) Plan, Total assets ($B): 0.149605917 · Participants: 953Berkshire 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
Berkshire Bank 401(k) Plan vs. nearby 401(k) plans in Massachusetts, assets vs. participants
Compare Berkshire Bank 401(k) Plan side-by-side with 3 peers →

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

Outside Massachusetts, the nearest 401(k) by assets is Keating Muething & Klekamp 401(k) Profit Sharing Plan in OH ($150M); by covered participants it is Universal Property & Casualty 401(k) Profit Sharing Plan in FL (953 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($150M here).

Similar participant headcount

Nearest other-state filings by covered participants (953 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 Berkshire Bank 401(k) Plan assets move in 2022? ▼
Berkshire Bank 401(k) Plan declined sharply - down 16.9% during 2022, from $180M to $150M. Reported net income was -$30M.
How have Berkshire Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Berkshire Bank's sponsor-wide assets grew 22.2%, from $150M to $183M.
Where does Berkshire Bank 401(k) Plan rank by assets among Form 5500 filers? ▼
Berkshire Bank 401(k) Plan ranks in the 95th 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 Berkshire Bank 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Keating Muething & Klekamp 401(k) Profit Sharing Plan in OH ($150M, 241 participants).
Which 401(k) plans cover a similar participant headcount to Berkshire Bank 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Universal Property & Casualty 401(k) Profit Sharing Plan in FL (953 participants, $53M 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 043312097.

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.