401(k) · DOL Form 5500 · 2023

Workers Federal Credit Union 401(k) Plan

Data updated 2026-08-25

$41M
Total assets Below avg plan size
362
Participants Below avg headcount
83rd
Percentile by assets National rank
$113,329
Avg per participant Below avg balance/head
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Official DOL plan name: Workers Federal Credit Union 401(k) Retirement Plan · Sponsored by Workers Federal Credit Union · Massachusetts · Finance & Insurance

$41M in assets, 362 participants

Workers Federal Credit Union's Workers Federal Credit Union 401(k) Retirement Plan reported $41M in total assets and 362 participants in its 2023 DOL Form 5500 filing, ranking in the 83rd 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.

  • #6,606 in Finance & Insurance (8,869 peers)

Where Workers Federal Credit Union 401(k) Retirement Plan sits by assets

Workers Federal Credit Union 401(k) Retirement Plan sits in the top quartile of all filed plans by assets, $41M for 362 participants (~$113,329/participant), up 6.0% in 2023.

#6,606
in Finance & Insurance (8,869 peers)
+6.0%
assets growth YoY
0.4×
vs typical plan assets (national mean)

Workers Federal Credit Union 401(k) Retirement Plan's outsized position by total assets

Workers Federal Credit Union 401(k) Retirement Plan vs every filed plan by assets

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

$41,025,151 Top 17% higher than 83% 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

Workers Federal Credit Union 401(k) Retirement 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. Workers Federal Credit Union 401(k) Retirement Plan sits mid-pack in the medium band (362 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Workers Federal Credit Union 401(k) Retirement Plan reported net income rose from -$7M in the plan year 2022 filing to $2M in the plan year 2023 filing.
  • Workers Federal Credit Union 401(k) Retirement Plan reported participants rose from 325 in the plan year 2022 filing to 362 in the plan year 2023 filing.
  • Workers Federal Credit Union 401(k) Retirement Plan end-of-year assets rose from $39M in the plan year 2022 filing to $41M in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 042079901 · Workers Federal Credit Union PY 2023 · 401(k)

Workers Federal Credit Union 401(k) Retirement Plan · $41M · 362 · 83rd

  • PCT $41M
  • PCT 362
  • PCT 83rd
  • PCT 401(k)
  • PCT near Meridian Bank 401(k) Profit Sharing Plan
  • PCT ind #6606

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 →

Workers Federal Credit Union 401(k) Retirement Plan in the asset neighbourhood

Workers Federal Credit Union 401(k) Retirement PlanWorkers Federal Credit Union…$41MMeridian Bank 401(k) Profit Sharing PlanMeridian Bank 401(k) Profit …$41MQvine Corporation 401(k) Plan$41MFlagship Credit Acceptance LLC 401(k) PlanFlagship Credit Acceptance L…$41MAchieva Credit Union 401(k) Savings PlanAchieva Credit Union 401(k) …$41M
End-of-year total assets ($M) among Workers Federal Credit Union 401(k) Retirement Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$39M
Net Assets (End of Year)$41M
Net Income$2M
Employer EIN042079901
Plan Effective Date1997-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Workers Federal Credit Union)

Sponsor-wide plan assets over time

All Workers Federal Credit Union plans reported in each filing year

Latest sponsor-wide plan assets
$45M 15.884183393982282% vs 2022
2024 filing year
$38M$40M$42M$44M$46M 202220232024 $38.7M $44.8M ▲ +15.9%
Year Plans Participants Total Assets
2022 1 325 $39M
2023 1 362 $41M
2024 1 325 $45M

Nearby 401(k) Plans in Massachusetts

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

Workers Federal Credit Union 401(k) Retirement Plan vs. nearby 401(k) plans in Massachusetts, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -10010203040 Total assets ($B) Participants Workers Federal Credit Union 401(k) Retirement Plan, Total assets ($B): 0.041025151 · Participants: 362Workers Federal Credit Union 401(k) Retirement 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
Workers Federal Credit Union 401(k) Retirement Plan vs. nearby 401(k) plans in Massachusetts, assets vs. participants
Compare Workers Federal Credit Union 401(k) Retirement Plan side-by-side with 3 peers →

Workers Federal Credit Union 401(k) Retirement Plan's out-of-state 401(k) peers by assets and headcount

Outside Massachusetts, the nearest 401(k) by assets is Meridian Bank 401(k) Profit Sharing Plan in PA ($41M); by covered participants it is G.a. Richards Company Employees' 401(k) Plan in MI (362 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($41M here).

Similar participant headcount

Nearest other-state filings by covered participants (362 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 Workers Federal Credit Union 401(k) Retirement Plan assets move in 2023? ▼
Workers Federal Credit Union 401(k) Retirement Plan grew at a solid clip - up 6.0% during 2023, from $39M to $41M. Reported net income was $2M.
How have Workers Federal Credit Union plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Workers Federal Credit Union's sponsor-wide assets grew 15.9%, from $39M to $45M.
Where does Workers Federal Credit Union 401(k) Retirement Plan rank by assets among Form 5500 filers? ▼
Workers Federal Credit Union 401(k) Retirement Plan ranks in the 83rd 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 Workers Federal Credit Union 401(k) Retirement Plan? ▼
Among 401(k) plans in other states, the closest by assets is Meridian Bank 401(k) Profit Sharing Plan in PA ($41M, 353 participants).
Which 401(k) plans cover a similar participant headcount to Workers Federal Credit Union 401(k) Retirement Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is G.a. Richards Company Employees' 401(k) Plan in MI (362 participants, $3M 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 042079901.

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.