401(k) · DOL Form 5500 · 2023

Freedom Credit Union 401(k) Plan

Data updated 2026-08-25

$14M
Total assets Small plan by assets
104
Participants Small participant base
65th
Percentile by assets National rank
$131,199
Avg per participant Near avg balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Freedom Credit Union 401(k) Retirement Plan · Sponsored by Freedom Credit Union · Massachusetts · Finance & Insurance

$14M in assets, 104 participants

Freedom Credit Union's Freedom Credit Union 401(k) Retirement Plan reported $14M in total assets and 104 participants in its 2023 DOL Form 5500 filing, ranking in the 65th 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.

  • #4,466 in Finance & Insurance (8,869 peers)

Coverage in Massachusetts

Freedom Credit Union 401(k) Retirement Plan covers 104 participants in Massachusetts, about 16% of the average Massachusetts filer (state average ~659 per filing). Assets: $14M.

#4,466
in Finance & Insurance (8,869 peers)
+15.2%
assets growth YoY

Freedom Credit Union 401(k) Retirement Plan's mid-pack asset rank among Finance & Insurance and all filers

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

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

$13,644,699 Top 35% higher than 65% 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

Freedom 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. Freedom Credit Union 401(k) Retirement Plan sits mid-pack in the medium band (104 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Freedom Credit Union 401(k) Retirement Plan reported net income rose from -$3M in the plan year 2022 filing to $2M in the plan year 2023 filing.
  • Freedom Credit Union 401(k) Retirement Plan end-of-year assets rose from $12M in the plan year 2022 filing to $14M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 041961180 · Freedom Credit Union PY 2023 · 401(k)

Freedom Credit Union 401(k) Retirement Plan · $14M · 104 · 65th

  • PART $14M
  • PART 104
  • PART 65th
  • PART 401(k)
  • PART near Harris & Harris, Ltd 401(k) Plan
  • PART ind #4466

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 →

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

Freedom Credit Union 401(k) Retirement PlanFreedom Credit Union 401(k) …$14MHarris & Harris, Ltd 401(k) PlanHarris & Harris, Ltd 401(k) …$14MChelsea Rhone Company, LLC 401(k) Profit Sharing PlanChelsea Rhone Company, LLC 4…$14MMypath to Retire 401(k) Plan$14MRentech Boiler Systems, Inc. 401(k) PlanRentech Boiler Systems, Inc.…$14M
End-of-year total assets ($M) among Freedom Credit Union 401(k) Retirement Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Massachusetts filing particulars

Total Assets (Beginning of Year)$12M
Net Assets (End of Year)$14M
Net Income$2M
Employer EIN041961180
Plan Effective Date2021-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Freedom Credit Union)

Sponsor-wide plan assets over time

All Freedom Credit Union plans reported in each filing year

Latest sponsor-wide plan assets
$14M 17.069583138253954% vs 2022
2024 filing year
$11M$12M$13M$14M$15M 202220232024 $11.9M $13.9M ▲ +17.0%
Year Plans Participants Total Assets
2022 1 105 $12M
2023 1 104 $14M
2024 1 110 $14M

Nearby 401(k) Plans in Massachusetts

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

Freedom 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 ($B) Participants Freedom Credit Union 401(k) Retirement Plan, Total assets ($B): 0.013644699 · Participants: 104Freedom 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
Freedom Credit Union 401(k) Retirement Plan vs. nearby 401(k) plans in Massachusetts, assets vs. participants
Compare Freedom Credit Union 401(k) Retirement Plan side-by-side with 3 peers →

Freedom 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 Harris & Harris, Ltd 401(k) Plan in IL ($14M); by covered participants it is Penn Automotive, Inc. 401(k) Plan in MI (104 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($14M here).

Similar participant headcount

Nearest other-state filings by covered participants (104 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 Freedom Credit Union 401(k) Retirement Plan assets move in 2023? ▼
Freedom Credit Union 401(k) Retirement Plan grew sharply - up 15.2% during 2023, from $12M to $14M. Reported net income was $2M.
How have Freedom Credit Union plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Freedom Credit Union's sponsor-wide assets grew 17.1%, from $12M to $14M.
Which 401(k) plans are similar in size to Freedom Credit Union 401(k) Retirement Plan? ▼
Among 401(k) plans in other states, the closest by assets is Harris & Harris, Ltd 401(k) Plan in IL ($14M, 373 participants).
Which 401(k) plans cover a similar participant headcount to Freedom Credit Union 401(k) Retirement Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Penn Automotive, Inc. 401(k) Plan in MI (104 participants, N/A 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 041961180.

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.