401(k)
2022 plan-year 401(k) DOL Form 5500

EASTERN SAVINGS BANK SAVINGS PLAN

ERISA Form 5500 plan record drawn from DOL EBSA — verify with linked source filings below.

EASTERN SAVINGS BANK

This 401(k) plan holds $31M in total assets and serves 92 participants as of 2022. It is sponsored by EASTERN SAVINGS BANK in Maryland. The plan reported a net loss of $9M for the year.

Total Assets (2023)
$31M
Participants
92
State
Industry
Finance & Insurance

What the Filing Says About EASTERN SAVINGS BANK SAVINGS PLAN

EASTERN SAVINGS BANK SAVINGS PLAN is a 401(k) retirement plan sponsored by EASTERN SAVINGS BANK, headquartered in Maryland. As of the 2022 Form 5500 filing, the plan reports $31M in total end-of-year assets and covers 92 participants across the Finance & Insurance industry. The sponsor's EIN on file with the U.S. Department of Labor is 520623475, and the plan has been effective since 1984-01-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $41M at the beginning of 2022 to $31M at year-end — a decline of 23.1%. Net assets (after liabilities) closed the year at $31M, with reported net income of $-9,457,514 driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 2 prior plan-year filings from the same sponsor shown below.

Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows — a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.

Financial Summary (2023)

Total Assets (Beginning of Year)$41M
Total Assets (End of Year)$31M
Net Assets (End of Year)$31M
Net Income$-9,457,514
Plan Type401(k)
Employer EIN520623475
Plan Effective Date1984-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (EASTERN SAVINGS BANK)

Year Plans Participants Total Assets
2022 1 92 $31M
2023 1 95 $36M
2024 1 92 $39M

Nearby 401(k) Plans in Maryland

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Frequently Asked Questions

How much money is in the EASTERN SAVINGS BANK SAVINGS PLAN?
As of the 2022 Form 5500 filing, EASTERN SAVINGS BANK SAVINGS PLAN holds $31M in total assets with 92 participants. It is sponsored by EASTERN SAVINGS BANK.
What type of plan is EASTERN SAVINGS BANK SAVINGS PLAN?
EASTERN SAVINGS BANK SAVINGS PLAN is a 401(k) plan. It has been effective since 1984-01-01. The plan is filed with the U.S. Department of Labor under EIN 520623475.
Who sponsors the EASTERN SAVINGS BANK SAVINGS PLAN?
EASTERN SAVINGS BANK SAVINGS PLAN is sponsored by EASTERN SAVINGS BANK, located in Maryland. The sponsor's EIN is 520623475 and the plan operates in the Finance & Insurance industry.
How did EASTERN SAVINGS BANK SAVINGS PLAN perform in 2022?
EASTERN SAVINGS BANK SAVINGS PLAN declined by 23.1% during 2022, moving from $41M to $31M in total assets. Net income was $-9,457,514.
Where can I find official filings for EASTERN SAVINGS BANK SAVINGS PLAN?
Official Form 5500 filings for EASTERN SAVINGS BANK SAVINGS PLAN are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 520623475 or plan name at efast.dol.gov.
How does EASTERN SAVINGS BANK SAVINGS PLAN compare to other plans?
You can compare EASTERN SAVINGS BANK SAVINGS PLAN against other 401(k) plans on the plan type page, or view plans in Maryland on the state page. PlainRetire tracks the 5,000 largest retirement plans in the U.S. by total assets.

Explore PlainRetire

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 520623475.

Reference: IRS Publication 560 — Retirement Plans for Small Business, contribution-limit rules.

Reference: IRS Publication 590-B — Distributions from IRAs, RMD rules under SECURE Act 2.0.

Data sourced from official public datasets. See our methodology for details.