401(k) · DOL Form 5500 · 2024

Westfield Bank 401(k) Plan

Data updated 2026-08-25

$48M
Total assets Below avg plan size
331
Participants Below avg headcount
84th
Percentile by assets National rank
$145,187
Avg per participant Above avg balance/head
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Official DOL plan name: 401(k) Plan as Adopted by Westfield Bank · Sponsored by Westfield Bank · Massachusetts · Finance & Insurance

$48M in assets, 331 participants

Westfield Bank's 401(k) Plan as Adopted by Westfield Bank reported $48M in total assets and 331 participants in its 2024 DOL Form 5500 filing, ranking in the 84th 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.

  • #6,388 in Finance & Insurance (8,549 peers)

Where 401(k) Plan as Adopted by Westfield Bank sits by assets

401(k) Plan as Adopted by Westfield Bank sits in the top quartile of all filed plans by assets, $48M for 331 participants (~$145,187/participant), up 14.7% in 2024.

#6,388
in Finance & Insurance (8,549 peers)
+14.7%
assets growth YoY
0.5×
vs typical plan assets (national mean)

401(k) Plan as Adopted by Westfield Bank's outsized position by total assets

401(k) Plan as Adopted by Westfield Bank vs every filed plan by assets

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

$48,057,042 Top 16% higher than 84% 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

401(k) Plan as Adopted by Westfield Bank among mid-size filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. 401(k) Plan as Adopted by Westfield Bank sits mid-pack in the medium band (331 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • 401(k) Plan as Adopted by Westfield Bank reported net income fell from $8M in the plan year 2023 filing to $6M in the plan year 2024 filing.
  • 401(k) Plan as Adopted by Westfield Bank end-of-year assets rose from $42M in the plan year 2023 filing to $48M in the plan year 2024 filing.
  • 401(k) Plan as Adopted by Westfield Bank reported participants rose from 325 in the plan year 2023 filing to 331 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Plan-year Form 5500 strip

Filing strip 043305700 · Westfield Bank PY 2024 · 401(k)

401(k) Plan as Adopted by Westfield Bank · $48M · 331 · 84th

  • 5500 $48M
  • 5500 331
  • 5500 84th
  • 5500 401(k)
  • 5500 near Chicago Bulls 401(k) Savings Plan Trust
  • 5500 ind #6388

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 →

401(k) Plan as Adopted by Westfield Bank in the asset neighbourhood

401(k) Plan as Adopted by Westfield Bank401(k) Plan as Adopted by We…$48MChicago Bulls 401(k) Savings Plan TrustChicago Bulls 401(k) Savings…$48MWestern Holding Group, Inc. Profit Sharing & 401(k) PlanWestern Holding Group, Inc. …$48MAerotech, Inc. 401(k) Plan$48MNorth West Handling Systems, Inc 401(k) Retirement PlanNorth West Handling Systems,…$48M
End-of-year total assets ($M) among 401(k) Plan as Adopted by Westfield Bank and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$42M
Net Assets (End of Year)$48M
Net Income$6M
Employer EIN043305700
Plan Effective Date1995-04-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Westfield Bank)

Sponsor-wide plan assets over time

All Westfield Bank plans reported in each filing year

Latest sponsor-wide plan assets
$48M 41.923652837630385% vs 2022
2024 filing year
$30M$35M$40M$45M$50M 202220232024 $33.9M $48.1M ▲ +41.9%
Year Plans Participants Total Assets
2022 2 426 $34M
2023 1 325 $42M
2024 1 331 $48M

Nearby 401(k) Plans in Massachusetts

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

401(k) Plan as Adopted by Westfield Bank vs. nearby 401(k) plans in Massachusetts, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -10010203040 Total assets ($B) Participants 401(k) Plan as Adopted by Westfield Bank, Total assets ($B): 0.048057042 · Participants: 331401(k) Plan as Adopted by Westfield BankFidelity 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
401(k) Plan as Adopted by Westfield Bank vs. nearby 401(k) plans in Massachusetts, assets vs. participants
Compare 401(k) Plan as Adopted by Westfield Bank side-by-side with 3 peers →

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

Outside Massachusetts, the nearest 401(k) by assets is Chicago Bulls 401(k) Savings Plan Trust in IL ($48M); by covered participants it is F.H. Furr Plumbing, Heating & Air Conditioning, Inc. 401(k) Plan in VA (331 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (331 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 401(k) Plan as Adopted by Westfield Bank assets move in 2024? ▼
401(k) Plan as Adopted by Westfield Bank grew at a solid clip - up 14.7% during 2024, from $42M to $48M. Reported net income was $6M.
How have Westfield Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Westfield Bank's sponsor-wide assets grew 41.9%, from $34M to $48M.
Where does 401(k) Plan as Adopted by Westfield Bank rank by assets among Form 5500 filers? ▼
401(k) Plan as Adopted by Westfield Bank ranks in the 84th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to 401(k) Plan as Adopted by Westfield Bank? ▼
Among 401(k) plans in other states, the closest by assets is Chicago Bulls 401(k) Savings Plan Trust in IL ($48M, 205 participants).
Which 401(k) plans cover a similar participant headcount to 401(k) Plan as Adopted by Westfield Bank? ▼
Among 401(k) plans in other states, the closest by covered participants is F.H. Furr Plumbing, Heating & Air Conditioning, Inc. 401(k) Plan in VA (331 participants, N/A 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 043305700.

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.