401(k) · DOL Form 5500 · 2023

Westfield Bank 401(k) Plan

Data updated 2026-08-25

$42M
Total assets Below avg plan size
325
Participants Below avg headcount
84th
Percentile by assets National rank
$128,970
Avg per participant Near avg balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: 401(k) Plan as Adopted by Westfield Bank · Sponsored by Westfield Bank · Massachusetts · Finance & Insurance

$42M in assets, 325 participants

Westfield Bank's 401(k) Plan as Adopted by Westfield Bank reported $42M in total assets and 325 participants in its 2023 DOL Form 5500 filing, ranking in the 84th 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.

  • #6,641 in Finance & Insurance (8,869 peers)

Coverage in Massachusetts

401(k) Plan as Adopted by Westfield Bank covers 325 participants in Massachusetts, about 49% of the average Massachusetts filer (state average ~659 per filing). Assets: $42M.

#6,641
in Finance & Insurance (8,869 peers)
+23.8%
assets growth YoY
0.4×
vs typical plan assets (national mean)

401(k) Plan as Adopted by Westfield Bank's outsized position by total assets

401(k) Plan as Adopted by Westfield Bank vs every filed plan by assets

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

$41,915,329 Top 16% higher than 84% 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

401(k) Plan as Adopted by Westfield Bank 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. 401(k) Plan as Adopted by Westfield Bank sits mid-pack in the medium band (325 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • 401(k) Plan as Adopted by Westfield Bank reported net income rose from -$6M in the plan year 2022 filing to $8M in the plan year 2023 filing.
  • 401(k) Plan as Adopted by Westfield Bank end-of-year assets rose from $34M in the plan year 2022 filing to $42M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 043305700 · Westfield Bank PY 2023 · 401(k)

401(k) Plan as Adopted by Westfield Bank · $42M · 325 · 84th

  • IND $42M
  • IND 325
  • IND 84th
  • IND 401(k)
  • IND near Saulsbury Industries, Inc. Employee 401(k) Plan
  • IND ind #6641

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 →

401(k) Plan as Adopted by Westfield Bank in the asset neighbourhood

401(k) Plan as Adopted by Westfield Bank401(k) Plan as Adopted by We…$42MSaulsbury Industries, Inc. Employee 401(k) PlanSaulsbury Industries, Inc. E…$42MSouthwest Health Center, Inc. 403(b) Tsa PlanSouthwest Health Center, Inc…$42MCode42 401(k) Retirement Plan$42MIntest Corporation Incentive Savings PlanIntest Corporation Incentive…$42M
End-of-year total assets ($M) among 401(k) Plan as Adopted by Westfield Bank and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Massachusetts filing particulars

Total Assets (Beginning of Year)$34M
Net Assets (End of Year)$42M
Net Income$8M
Employer EIN043305700
Plan Effective Date1995-04-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Westfield Bank)

Sponsor-wide plan assets over time

All Westfield Bank plans reported in each filing year

Latest sponsor-wide plan assets
$48M 41.923652837630385% vs 2022
2024 filing year
$30M$35M$40M$45M$50M 202220232024 $33.9M $48.1M ▲ +41.9%
Year Plans Participants Total Assets
2022 2 426 $34M
2023 1 325 $42M
2024 1 331 $48M

Nearby 401(k) Plans in Massachusetts

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

401(k) Plan as Adopted by Westfield Bank vs. nearby 401(k) plans in Massachusetts, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -10010203040 Total assets ($B) Participants 401(k) Plan as Adopted by Westfield Bank, Total assets ($B): 0.041915329 · Participants: 325401(k) Plan as Adopted by Westfield BankFidelity 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
401(k) Plan as Adopted by Westfield Bank vs. nearby 401(k) plans in Massachusetts, assets vs. participants
Compare 401(k) Plan as Adopted by Westfield Bank side-by-side with 3 peers →

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

Outside Massachusetts, the nearest 401(k) by assets is Saulsbury Industries, Inc. Employee 401(k) Plan in TX ($42M); by covered participants it is Raining Rose, Inc. 401(k) Plan in IA (325 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($42M here).

Similar participant headcount

Nearest other-state filings by covered participants (325 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 401(k) Plan as Adopted by Westfield Bank assets move in 2023? ▼
401(k) Plan as Adopted by Westfield Bank grew sharply - up 23.8% during 2023, from $34M to $42M. Reported net income was $8M.
How have Westfield Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Westfield Bank's sponsor-wide assets grew 41.9%, from $34M to $48M.
Where does 401(k) Plan as Adopted by Westfield Bank rank by assets among Form 5500 filers? ▼
401(k) Plan as Adopted by Westfield Bank ranks in the 84th 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 401(k) Plan as Adopted by Westfield Bank? ▼
Among 401(k) plans in other states, the closest by assets is Saulsbury Industries, Inc. Employee 401(k) Plan in TX ($42M, 1,246 participants).
Which 401(k) plans cover a similar participant headcount to 401(k) Plan as Adopted by Westfield Bank? ▼
Among 401(k) plans in other states, the closest by covered participants is Raining Rose, Inc. 401(k) Plan in IA (325 participants, $13M 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 043305700.

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.