401(k) · DOL Form 5500 · 2024

Eastern Bank 401(k) Plan

Data updated 2026-07-24

$344M
Total assets: 1,706
Participants: 96th
Percentile by assets: $201,418
Avg per participant

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.

96th percentile by assets (of 116,472 plans)

Coverage in Massachusetts

Eastern Bank 401(k) Plan covers 1,706 participants in Massachusetts, 2.7x the typical Massachusetts plan (state average ~641 per filing). Assets: $344M.

$344M
total plan assets (2024 EOY): 1,706
covered participants: 96th
percentile by assets (of 116,472 plans): $201,418
avg assets per participant

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 →

State

Massachusetts

Industry

Finance & Insurance

Participants vs Massachusetts filers

In Massachusetts, the average filing covers about 641 participants across 3,941 plans. Eastern Bank 401(k) Plan reports 1,706 participants - 2.7x that state average ($344M EOY assets).

Massachusetts filing particulars

Total Assets (Beginning of Year)	$327M
Net Assets (End of Year)	$344M
Net Income	$16M
Employer EIN	043067724
Plan Effective Date	1992-01-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Eastern Bank)

Total plan assets by year, all Eastern Bank plans on file

Year	Plans	Participants	Total Assets
2022	4	5,829	$976M
2023	3	5,359	$1.0B
2024	2	2,067	$363M

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

Fidelity Retirement Savings Plan $34.2B · 66,907
Liberty Mutual 401(k) Plan $11.4B · 34,618
Massachusetts Institute of Technology Supplemental 401(k) Plan $7.7B · 14,762
Boston Scientific Corporation 401(k) Retirement Savings Plan $6.8B · 20,639
State Street Salary Savings Program $6.5B · 12,777

Compare Eastern Bank 401(k) Plan side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

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

Generac Power Systems, Inc. Employees 401(k) Savings Plan (WI) $344M · 5,021
Delaware North Companies 401(k) Plan (NY) $344M · 8,499
Crate & Barrel Holdings, Inc. Retirement Savings Plan (IL) $343M · 7,395
Northwest Natural Gas Company Retirement K Savings Plan (OR) $343M · 1,193

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 62.8%, from $976M to $363M.

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 116,472 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).

Next read for Eastern Bank 401(k) Plan

Filing takeaways

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

By total assets, Eastern Bank 401(k) Plan ranks in the top 5% of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar 401(k) plans in Massachusetts. Compare plans
Eastern Bank's sponsor-wide assets have declined 62.8% since 2022 across 3 plan years on file. More Finance & Insurance plans

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.