401(k) · DOL Form 5500 · 2024

Eastern Bank 401(k) Plan

Data updated 2026-08-25

$344M
Total assets Above avg plan size
1,706
Participants Near avg headcount
96th
Percentile by assets National rank
$201,418
Avg per participant Above avg balance/head
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Official DOL plan name: Eastern Bank 401(k) Plan · Sponsored by Eastern Bank · Massachusetts · Finance & Insurance

$344M in assets, 1,706 participants

Eastern Bank's Eastern Bank 401(k) Plan reported $344M in total assets and 1,706 participants in its 2024 DOL Form 5500 filing, ranking in the 96th 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.

  • #7,999 in Finance & Insurance (8,549 peers)

Coverage in Massachusetts

Eastern Bank 401(k) Plan covers 1,706 participants in Massachusetts, 2.6x the typical Massachusetts plan (state average ~659 per filing). Assets: $344M.

#7,999
in Finance & Insurance (8,549 peers)
+5.0%
assets growth YoY
3.4×
vs typical plan assets (national mean)

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

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

End-of-year total assets · plan year 2024 · DOL Form 5500

$343,618,912 Top 4% higher than 96% of 123,620 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 2024

Eastern Bank 401(k) Plan's large-plan peer group by participant headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Eastern Bank 401(k) Plan lands in the large band (1,706 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Eastern Bank 401(k) Plan reported net income fell from $32M in the plan year 2023 filing to $16M in the plan year 2024 filing.
  • Eastern Bank 401(k) Plan reported participants fell from 2,047 in the plan year 2023 filing to 1,706 in the plan year 2024 filing.
  • Eastern Bank 401(k) Plan end-of-year assets rose from $327M in the plan year 2023 filing to $344M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Published 5500 schedule card

Filing strip 043067724 · Eastern Bank PY 2024 · 401(k)

Eastern Bank 401(k) Plan · $344M · 1,706 · 96th

  • TYPE $344M
  • TYPE 1,706
  • TYPE 96th
  • TYPE 401(k)
  • TYPE near Generac Power Systems, Inc. Employees 401(k) Savings Plan
  • TYPE ind #7999

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 →

Eastern Bank 401(k) Plan in the asset neighbourhood

Generac Power Systems, Inc. Employees 401(k) Savings PlanGenerac Power Systems, Inc. …$344MEastern Bank 401(k) Plan$344MDelaware North Companies 401(k) PlanDelaware North Companies 401…$344MCrate & Barrel Holdings, Inc. Retirement Savings PlanCrate & Barrel Holdings, Inc…$343MNorthwest Natural Gas Company Retirement K Savings PlanNorthwest Natural Gas Compan…$343M
End-of-year total assets ($M) among Eastern Bank 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Massachusetts filing particulars

Total Assets (Beginning of Year)$327M
Net Assets (End of Year)$344M
Net Income$16M
Employer EIN043067724
Plan Effective Date1992-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Eastern Bank)

Sponsor-wide plan assets over time

All Eastern Bank plans reported in each filing year

Latest sponsor-wide plan assets
$946M 3.0497301683910547% vs 2022
2024 filing year
$0.9B$0.95B$1B$1.05B 202220232024 $0.98B $0.95B ▼ -3.1%
Year Plans Participants Total Assets
2022 4 5,829 $976M
2023 3 5,359 $1.0B
2024 3 3,851 $946M

Nearby 401(k) Plans in Massachusetts

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

Eastern Bank 401(k) Plan vs. nearby 401(k) plans in Massachusetts, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -10010203040 Total assets ($B) Participants Eastern Bank 401(k) Plan, Total assets ($B): 0.343618912 · Participants: 1706Eastern Bank 401(k) PlanFidelity Retirement Savings Plan, Total assets ($B): 34.201609937 · Participants: 66907Fidelity Retirement Savings PlanLiberty Mutual 401(k) Plan, Total assets ($B): 11.352606499 · Participants: 34618Liberty Mutual 401(k) PlanMassachusetts Institute of Technology Supplemental 401(k) Plan, Total assets ($B): 7.720373045 · Participants: 14762Massachusetts Institute of Technology Supplemental 401(k) PlanBoston Scientific Corporation 401(k) Retirement Savings Plan, Total assets ($B): 6.775289067 · Participants: 20639Boston Scientific Corporation 401(k) Retirement Savings PlanState Street Salary Savings Program, Total assets ($B): 6.532301643 · Participants: 12777State Street Salary Savings Program
Eastern Bank 401(k) Plan vs. nearby 401(k) plans in Massachusetts, assets vs. participants
Compare Eastern Bank 401(k) Plan side-by-side with 3 peers →

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

Outside Massachusetts, the nearest 401(k) by assets is Generac Power Systems, Inc. Employees 401(k) Savings Plan in WI ($344M); by covered participants it is Pcna 401(k) Plan in PA (1,706 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (1,706 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Eastern Bank 401(k) Plan assets move in 2024? ▼
Eastern Bank 401(k) Plan grew at a solid clip - up 5.0% during 2024, from $327M to $344M. Reported net income was $16M.
How have Eastern Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Eastern Bank's sponsor-wide assets declined 3.0%, from $976M to $946M.
Where does Eastern Bank 401(k) Plan rank by assets among Form 5500 filers? ▼
Eastern Bank 401(k) Plan ranks in the 96th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top 5% of all filed plans by assets).
Which 401(k) plans are similar in size to Eastern Bank 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Generac Power Systems, Inc. Employees 401(k) Savings Plan in WI ($344M, 5,021 participants).
Which 401(k) plans cover a similar participant headcount to Eastern Bank 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Pcna 401(k) Plan in PA (1,706 participants, $84M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 043067724.

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.