401(k) · DOL Form 5500 · 2023

BANKPROV 401(k) Plan

Data updated 2026-08-25

$25M
Total assets Small plan by assets
204
Participants Below avg headcount
76th
Percentile by assets National rank
$121,665
Avg per participant Near avg balance/head
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Official DOL plan name: Bankprov 401(k) Plan · Sponsored by BANKPROV · Massachusetts · Finance & Insurance

$25M in assets, 204 participants

BANKPROV's Bankprov 401(k) Plan reported $25M in total assets and 204 participants in its 2023 DOL Form 5500 filing, ranking in the 76th 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.

  • #5,682 in Finance & Insurance (8,869 peers)

Coverage in Massachusetts

Bankprov 401(k) Plan covers 204 participants in Massachusetts, about 31% of the average Massachusetts filer (state average ~659 per filing). Assets: $25M.

#5,682
in Finance & Insurance (8,869 peers)
+24.8%
assets growth YoY
0.2×
vs typical plan assets (national mean)

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

Bankprov 401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$24,819,749 Top 24% higher than 76% of 127,068 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 2023

Bankprov 401(k) Plan among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Bankprov 401(k) Plan sits mid-pack in the medium band (204 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Bankprov 401(k) Plan reported net income rose from -$11M in the plan year 2022 filing to $5M in the plan year 2023 filing.
  • Bankprov 401(k) Plan end-of-year assets rose from $20M in the plan year 2022 filing to $25M in the plan year 2023 filing.
  • Bankprov 401(k) Plan reported participants rose from 178 in the plan year 2022 filing to 204 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 043497377 · BANKPROV PY 2023 · 401(k)

Bankprov 401(k) Plan · $25M · 204 · 76th

  • PHOTO $25M
  • IND 204
  • EOY 76th
  • 5500 401(k)
  • ASSETS near Gramon & Affiliates Profit Sharing Plan
  • PCT ind #5682

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 →

Bankprov 401(k) Plan in the asset neighbourhood

Bankprov 401(k) Plan$25MGramon & Affiliates Profit Sharing PlanGramon & Affiliates Profit S…$25MI2c Synergy, Inc 401(k) Profit Sharing PlanI2c Synergy, Inc 401(k) Prof…$25MJhi Group Inc. Incentive Savings PlanJhi Group Inc. Incentive Sav…$25MMesser Cutting Systems, Inc. 401(k) Savings and Investment PlanMesser Cutting Systems, Inc.…$25M
End-of-year total assets ($M) among Bankprov 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Massachusetts filing particulars

Total Assets (Beginning of Year)$20M
Net Assets (End of Year)$25M
Net Income$5M
Employer EIN043497377
Plan Effective Date1996-02-01
Filing StatusFILING RECEIVED

Sponsor Plan History (BANKPROV)

Sponsor-wide plan assets over time

All BANKPROV plans reported in each filing year

Latest sponsor-wide plan assets
$42M 36.194741381921105% vs 2022
2024 filing year
$25M$30M$35M$40M$45M 202220232024 $30.8M $42M ▲ +36.2%
Year Plans Participants Total Assets
2022 2 357 $31M
2023 2 410 $40M
2024 2 390 $42M

Nearby 401(k) Plans in Massachusetts

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

Bankprov 401(k) Plan vs. nearby 401(k) plans in Massachusetts, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -10010203040 Total assets ($B) Participants Bankprov 401(k) Plan, Total assets ($B): 0.024819749 · Participants: 204Bankprov 401(k) PlanFidelity Retirement Savings Plan, Total assets ($B): 28.649852331 · Participants: 62289Fidelity Retirement Savings PlanLiberty Mutual 401(k) Plan, Total assets ($B): 10.556596852 · Participants: 37052Liberty Mutual 401(k) PlanMassachusetts Institute of Technology Supplemental 401(k) Plan, Total assets ($B): 6.829912863 · Participants: 14094Massachusetts Institute of Technology Supplemental 401(k) PlanBoston Scientific Corporation 401(k) Retirement Savings Plan, Total assets ($B): 5.786107181 · Participants: 19881Boston Scientific Corporation 401(k) Retirement Savings PlanPhilips North America 401(k) Plan, Total assets ($B): 5.779286156 · Participants: 19120Philips North America 401(k) Plan
Bankprov 401(k) Plan vs. nearby 401(k) plans in Massachusetts, assets vs. participants
Compare Bankprov 401(k) Plan side-by-side with 3 peers →

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

Outside Massachusetts, the nearest 401(k) by assets is Gramon & Affiliates Profit Sharing Plan in NJ ($25M); by covered participants it is Metromile Inc 401(k) Plan in CA (204 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (204 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Bankprov 401(k) Plan assets move in 2023? ▼
Bankprov 401(k) Plan grew sharply - up 24.8% during 2023, from $20M to $25M. Reported net income was $5M.
How have BANKPROV plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), BANKPROV's sponsor-wide assets grew 36.2%, from $31M to $42M.
Where does Bankprov 401(k) Plan rank by assets among Form 5500 filers? ▼
Bankprov 401(k) Plan ranks in the 76th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Bankprov 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Gramon & Affiliates Profit Sharing Plan in NJ ($25M, 334 participants).
Which 401(k) plans cover a similar participant headcount to Bankprov 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Metromile Inc 401(k) Plan in CA (204 participants, N/A in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 043497377.

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.