401(k) · DOL Form 5500 · 2023
Eastern Bank 401(k) Plan
Data updated 2026-08-11
- $327M
- Total assets
- 2,047
- Participants
- 96th
- Percentile by assets
- $159,839
- Avg per participant
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.
- 96th percentile by assets (of 127,072 plans)
- #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.
- $327M
- total plan assets (2023 EOY)
- 2,047
- covered participants
- 96th
- percentile by assets (of 127,072 plans)
- $159,839
- avg assets per participant
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.
Participants vs Massachusetts filers
In Massachusetts, the average filing covers about 659 participants across 4,265 plans. Eastern Bank 401(k) Plan reports 2,047 participants - 3.1x that state average ($327M EOY assets).
Massachusetts filing particulars
| Total Assets (Beginning of Year) | $296M |
|---|---|
| Net Assets (End of Year) | $327M |
| Net Income | $32M |
| Employer EIN | 043067724 |
| Plan Effective Date | 1992-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Eastern Bank)
| 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
- Fidelity Retirement Savings Plan $28.6B · 62,289
- Liberty Mutual 401(k) Plan $10.6B · 37,052
- Massachusetts Institute of Technology Supplemental 401(k) Plan $6.8B · 14,094
- Boston Scientific Corporation 401(k) Retirement Savings Plan $5.8B · 19,881
- Philips North America 401(k) Plan $5.8B · 19,120
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Eastern Bank 401(k) Plan by total assets, not by location.
- Carle Profit Sharing Plan (IL) $327M · 2,229
- Chart Industries, Inc. 401(k) Investment and Savings Plan (GA) $327M · 2,674
- Chickasaw Nation Governmental Enterprises 401(k) Plan (OK) $327M · 7,702
- Inteplast Group Corporation Employees Savings Plan (NJ) $327M · 4,156
Frequently Asked Questions
How did Eastern Bank 401(k) Plan assets move in 2023? ▼
How have Eastern Bank plan assets changed over time? ▼
Where does Eastern Bank 401(k) Plan rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to Eastern Bank 401(k) Plan? ▼
Next read for Eastern Bank 401(k) Plan
Filing takeaways
Ways to act on Eastern Bank 401(k) Plan's numbers.
- By total assets, Eastern Bank 401(k) Plan ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in Massachusetts. Compare plans
- Eastern Bank's sponsor-wide assets have declined 3.0% since 2022 across 3 plan years on file. More Finance & Insurance plans