401(k) · DOL Form 5500 · 2023

Berkshire Bank 401(k) Plan

Data updated 2026-08-11

$165M
Total assets
956
Participants
94th
Percentile by assets
$172,108
Avg per participant
PlainRetire home → About this data

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.

  • 94th percentile by assets (of 127,072 plans)
  • #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.

$165M
total plan assets (2023 EOY)
956
covered participants
94th
percentile by assets (of 127,072 plans)
$172,108
avg assets per participant

Where Berkshire Bank 401(k) Plan sits 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 $2,010,000,000 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

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 →

State
Massachusetts
Industry
Finance & Insurance

Berkshire Bank 401(k) Plan vs the 2023 asset distribution

By assets, Berkshire Bank 401(k) Plan outranks 94% of the 127,072 plans that filed a Form 5500 for the 2023 plan year, and holds roughly 1.7x the national average plan size of $100M (721 average participants).

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)

$140M$150M$160M$170M$180M$190M 202220232024 $150M $183M ▲ +22.2%
Total plan assets by year, all Berkshire Bank plans on file
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 ($B) Participants Berkshire Bank 401(k…, Total assets ($B): 0.164534981 · Participants: 956Berkshire Bank 401(k…Fidelity Retirement …, Total assets ($B): 28.649852331 · Participants: 62289Fidelity Retirement …Liberty Mutual 401(k…, Total assets ($B): 10.556596852 · Participants: 37052Liberty Mutual 401(k…Massachusetts Instit…, Total assets ($B): 6.829912863 · Participants: 14094Massachusetts Instit…Boston Scientific Co…, Total assets ($B): 5.786107181 · Participants: 19881Boston Scientific Co…Philips North Americ…, Total assets ($B): 5.779286156 · Participants: 19120Philips North Americ…
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 →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Berkshire Bank 401(k) Plan by total assets, not by location.

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).

Next read for Berkshire Bank 401(k) Plan

Scale reading

Ways to act on Berkshire Bank 401(k) Plan's numbers.

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.