401(k) · DOL Form 5500 · 2023

Main Street Bank 401(k) Plan

Data updated 2026-08-25

$26M
Total assets Below avg plan size
178
Participants Small participant base
77th
Percentile by assets National rank
$146,559
Avg per participant Above avg balance/head
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Official DOL plan name: Main Street Bank 401(k) and Profit Sharing Plan · Sponsored by Main Street Bank · Massachusetts · Finance & Insurance

$26M in assets, 178 participants

Main Street Bank's Main Street Bank 401(k) and Profit Sharing Plan reported $26M in total assets and 178 participants in its 2023 DOL Form 5500 filing, ranking in the 77th 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.

  • #5,781 in Finance & Insurance (8,869 peers)

Coverage in Massachusetts

Main Street Bank 401(k) and Profit Sharing Plan covers 178 participants in Massachusetts, about 27% of the average Massachusetts filer (state average ~659 per filing). Assets: $26M.

#5,781
in Finance & Insurance (8,869 peers)
+23.2%
assets growth YoY
0.3×
vs typical plan assets (national mean)

Main Street Bank 401(k) and Profit Sharing Plan's outsized position by total assets

Main Street Bank 401(k) and Profit Sharing Plan vs every filed plan by assets

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

$26,087,558 Top 23% higher than 77% 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

Main Street Bank 401(k) and Profit Sharing 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. Main Street Bank 401(k) and Profit Sharing Plan sits mid-pack in the medium band (178 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Main Street Bank 401(k) and Profit Sharing Plan reported net income rose from -$4M in the plan year 2022 filing to $5M in the plan year 2023 filing.
  • Main Street Bank 401(k) and Profit Sharing Plan end-of-year assets rose from $21M in the plan year 2022 filing to $26M in the plan year 2023 filing.
  • Main Street Bank 401(k) and Profit Sharing Plan reported participants rose from 159 in the plan year 2022 filing to 178 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 041584100 · Main Street Bank PY 2023 · 401(k)

Main Street Bank 401(k) and Profit Sharing Plan · $26M · 178 · 77th

  • PHOTO $26M
  • PHOTO 178
  • PHOTO 77th
  • PHOTO 401(k)
  • PHOTO near Andrew & Sons, LLC 401(k) Plan
  • PHOTO ind #5781

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 →

Main Street Bank 401(k) and Profit Sharing Plan in the asset neighbourhood

Main Street Bank 401(k) and Profit Sharing PlanMain Street Bank 401(k) and …$26MAndrew & Sons, LLC 401(k) PlanAndrew & Sons, LLC 401(k) Pl…$26MBound to Stay Bound Books, Inc. 401(k) Profit Sharing PlanBound to Stay Bound Books, I…$26MAssociation of Certified Fraud Examiners, Inc. 401(k) Profit Sharing PlanAssociation of Certified Fra…$26MYelcot Holding Group, Inc. 401(k) Profit Sharing PlanYelcot Holding Group, Inc. 4…$26M
End-of-year total assets ($M) among Main Street Bank 401(k) and Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Massachusetts filing particulars

Total Assets (Beginning of Year)$21M
Net Assets (End of Year)$26M
Net Income$5M
Employer EIN041584100
Plan Effective Date1996-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Main Street Bank)

Sponsor-wide plan assets over time

All Main Street Bank plans reported in each filing year

Latest sponsor-wide plan assets
$38M 26.698552197404435% vs 2022
2024 filing year
$25M$30M$35M$40M 202220232024 $30M $38M ▲ +26.7%
Year Plans Participants Total Assets
2022 2 188 $30M
2023 2 206 $36M
2024 2 196 $38M

Nearby 401(k) Plans in Massachusetts

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

Main Street Bank 401(k) and Profit Sharing Plan vs. nearby 401(k) plans in Massachusetts, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -10010203040 Total assets ($B) Participants Main Street Bank 401(k) and Profit Sharing Plan, Total assets ($B): 0.026087558 · Participants: 178Main Street Bank 401(k) and Profit Sharing 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
Main Street Bank 401(k) and Profit Sharing Plan vs. nearby 401(k) plans in Massachusetts, assets vs. participants
Compare Main Street Bank 401(k) and Profit Sharing Plan side-by-side with 3 peers →

Main Street Bank 401(k) and Profit Sharing Plan's out-of-state 401(k) peers by assets and headcount

Outside Massachusetts, the nearest 401(k) by assets is Andrew & Sons, LLC 401(k) Plan in NY ($26M); by covered participants it is Chantecaille Beaute Inc 401 K Profit Sharing Plan Trust in NY (178 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (178 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 Main Street Bank 401(k) and Profit Sharing Plan assets move in 2023? ▼
Main Street Bank 401(k) and Profit Sharing Plan grew sharply - up 23.2% during 2023, from $21M to $26M. Reported net income was $5M.
How have Main Street Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Main Street Bank's sponsor-wide assets grew 26.7%, from $30M to $38M.
Where does Main Street Bank 401(k) and Profit Sharing Plan rank by assets among Form 5500 filers? ▼
Main Street Bank 401(k) and Profit Sharing Plan ranks in the 77th 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 Main Street Bank 401(k) and Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Andrew & Sons, LLC 401(k) Plan in NY ($26M, 392 participants).
Which 401(k) plans cover a similar participant headcount to Main Street Bank 401(k) and Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Chantecaille Beaute Inc 401 K Profit Sharing Plan Trust in NY (178 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 041584100.

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.