401(k) · DOL Form 5500 · 2023

Berkshire Bank 401(k) Plan

Data updated 2026-08-25

$165M
Total assets Near avg plan size
956
Participants Near avg headcount
94th
Percentile by assets National rank
$172,108
Avg per participant Above avg balance/head
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Official DOL plan name: Berkshire Bank 401(k) Plan · Sponsored by Berkshire Bank · Massachusetts · Finance & Insurance

$165M in assets, 956 participants

Berkshire Bank's Berkshire Bank 401(k) Plan reported $165M in total assets and 956 participants in its 2023 DOL Form 5500 filing, ranking in the 94th 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.

  • #8,025 in Finance & Insurance (8,869 peers)

Where Berkshire Bank 401(k) Plan sits by assets

Berkshire Bank 401(k) Plan sits in the top 10% of all filed plans by assets, $165M for 956 participants (~$172,108/participant), up 10.0% in 2023.

#8,025
in Finance & Insurance (8,869 peers)
+10.0%
assets growth YoY
1.7×
vs typical plan assets (national mean)

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

Berkshire Bank 401(k) Plan vs every filed plan by assets

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

$164,534,981 Top 6% higher than 94% 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

Berkshire Bank 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. Berkshire Bank 401(k) Plan sits mid-pack in the medium band (956 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Berkshire Bank 401(k) Plan reported net income rose from -$30M in the plan year 2022 filing to $15M in the plan year 2023 filing.
  • Berkshire Bank 401(k) Plan end-of-year assets rose from $150M in the plan year 2022 filing to $165M in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 043312097 · Berkshire Bank PY 2023 · 401(k)

Berkshire Bank 401(k) Plan · $165M · 956 · 94th

  • PHOTO $165M
  • IND 956
  • EOY 94th
  • 5500 401(k)
  • ASSETS near Coeur Mining Defined Contribution and 401(k) Plan
  • PCT ind #8025

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 →

Berkshire Bank 401(k) Plan in the asset neighbourhood

Superior Plus Energy Services, Inc. 401(k) Retirement PlanSuperior Plus Energy Service…$165MDiscount Drug Mart, Inc. 401(k) Profit Sharing PlanDiscount Drug Mart, Inc. 401…$165MStar Tribune 401(k) Retirement Savings PlanStar Tribune 401(k) Retireme…$165MBerkshire Bank 401(k) Plan$165MCoeur Mining Defined Contribution and 401(k) PlanCoeur Mining Defined Contrib…$165M
End-of-year total assets ($M) among Berkshire Bank 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$150M
Net Assets (End of Year)$165M
Net Income$15M
Employer EIN043312097
Plan Effective Date1993-04-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Berkshire Bank)

Sponsor-wide plan assets over time

All Berkshire Bank plans reported in each filing year

Latest sponsor-wide plan assets
$183M 22.15313716502269% vs 2022
2024 filing year
$140M$150M$160M$170M$180M$190M 202220232024 $150M $183M ▲ +22.2%
Year Plans Participants Total Assets
2022 1 953 $150M
2023 1 956 $165M
2024 1 1,024 $183M

Nearby 401(k) Plans in Massachusetts

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

Berkshire Bank 401(k) Plan vs. nearby 401(k) plans in Massachusetts, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -10010203040 Total assets ($B) Participants Berkshire Bank 401(k) Plan, Total assets ($B): 0.164534981 · Participants: 956Berkshire 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
Berkshire Bank 401(k) Plan vs. nearby 401(k) plans in Massachusetts, assets vs. participants
Compare Berkshire Bank 401(k) Plan side-by-side with 3 peers →

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

Outside Massachusetts, the nearest 401(k) by assets is Coeur Mining Defined Contribution and 401(k) Plan in IL ($165M); by covered participants it is New Country Motor Car Salary Deferral 401(k) Plan in NY (956 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (956 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 Berkshire Bank 401(k) Plan assets move in 2023? ▼
Berkshire Bank 401(k) Plan grew at a solid clip - up 10.0% during 2023, from $150M to $165M. Reported net income was $15M.
How have Berkshire Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Berkshire Bank's sponsor-wide assets grew 22.2%, from $150M to $183M.
Where does Berkshire Bank 401(k) Plan rank by assets among Form 5500 filers? ▼
Berkshire Bank 401(k) Plan ranks in the 94th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 10% of all filed plans by assets).
Which 401(k) plans are similar in size to Berkshire Bank 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Coeur Mining Defined Contribution and 401(k) Plan in IL ($165M, 1,117 participants).
Which 401(k) plans cover a similar participant headcount to Berkshire Bank 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is New Country Motor Car Salary Deferral 401(k) Plan in NY (956 participants, $73M 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 043312097.

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.