401(k) · DOL Form 5500 · 2023

Eastern Bank 401(k) Plan

Data updated 2026-08-25

$327M
Total assets Above avg plan size
2,047
Participants Near avg headcount
96th
Percentile by assets National rank
$159,839
Avg per participant Above avg balance/head
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Official DOL plan name: Eastern Bank 401(k) Plan · Sponsored by Eastern Bank · Massachusetts · Finance & Insurance

$327M in assets, 2,047 participants

Eastern Bank's Eastern Bank 401(k) Plan reported $327M in total assets and 2,047 participants in its 2023 DOL Form 5500 filing, ranking in the 96th 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.

  • #8,340 in Finance & Insurance (8,869 peers)

Coverage in Massachusetts

Eastern Bank 401(k) Plan covers 2,047 participants in Massachusetts, 3.1x the typical Massachusetts plan (state average ~659 per filing). Assets: $327M.

#8,340
in Finance & Insurance (8,869 peers)
+10.7%
assets growth YoY
3.3×
vs typical plan assets (national mean)

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 2023 · DOL Form 5500

$327,190,882 Top 4% higher than 96% 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

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

Plan-year 2023 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 (2,047 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Eastern Bank 401(k) Plan reported net income rose from -$52M in the plan year 2022 filing to $32M in the plan year 2023 filing.
  • Eastern Bank 401(k) Plan reported participants fell from 2,425 in the plan year 2022 filing to 2,047 in the plan year 2023 filing.
  • Eastern Bank 401(k) Plan end-of-year assets rose from $296M in the plan year 2022 filing to $327M in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 043067724 · Eastern Bank PY 2023 · 401(k)

Eastern Bank 401(k) Plan · $327M · 2,047 · 96th

  • PHOTO $327M
  • PHOTO 2,047
  • PHOTO 96th
  • PHOTO 401(k)
  • PHOTO near Carle Profit Sharing Plan
  • PHOTO ind #8340

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

Chickasaw Nation Governmental Enterprises 401(k) PlanChickasaw Nation Governmenta…$327MEastern Bank 401(k) Plan$327MCarle Profit Sharing Plan$327MChart Industries, Inc. 401(k) Investment and Savings PlanChart Industries, Inc. 401(k…$327MInteplast Group Corporation Employees Savings PlanInteplast Group Corporation …$327M
End-of-year total assets ($M) among Eastern Bank 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Massachusetts filing particulars

Total Assets (Beginning of Year)$296M
Net Assets (End of Year)$327M
Net Income$32M
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. -20000020000400006000080000 -10010203040 Total assets ($B) Participants Eastern Bank 401(k) Plan, Total assets ($B): 0.327190882 · Participants: 2047Eastern Bank 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
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 Carle Profit Sharing Plan in IL ($327M); by covered participants it is Myers Industries, Inc. Profit Sharing and 401(k) Plan in OH (2,047 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (2,047 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 Eastern Bank 401(k) Plan assets move in 2023? ▼
Eastern Bank 401(k) Plan grew at a solid clip - up 10.7% during 2023, from $296M to $327M. Reported net income was $32M.
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 96th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (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 Carle Profit Sharing Plan in IL ($327M, 2,229 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 Myers Industries, Inc. Profit Sharing and 401(k) Plan in OH (2,047 participants, $130M 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 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.