401(k) · DOL Form 5500 · 2024

Needham Bank 401(k) Plan

Data updated 2026-08-25

$58M
Total assets Below avg plan size
348
Participants Below avg headcount
86th
Percentile by assets National rank
$166,639
Avg per participant Above avg balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Needham Bank 401(k) Plan · Sponsored by Needham Bank · Massachusetts · Finance & Insurance

$58M in assets, 348 participants

Needham Bank's Needham Bank 401(k) Plan reported $58M in total assets and 348 participants in its 2024 DOL Form 5500 filing, ranking in the 86th 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.

  • #6,650 in Finance & Insurance (8,549 peers)

Where Needham Bank 401(k) Plan sits by assets

Needham Bank 401(k) Plan sits in the top quartile of all filed plans by assets, $58M for 348 participants (~$166,639/participant), up 26.0% in 2024.

#6,650
in Finance & Insurance (8,549 peers)
+26.0%
assets growth YoY
0.6×
vs typical plan assets (national mean)

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

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

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

$57,990,345 Top 14% higher than 86% 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

Needham Bank 401(k) Plan 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. Needham Bank 401(k) Plan sits mid-pack in the medium band (348 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Needham Bank 401(k) Plan reported net income rose from $6M in the plan year 2023 filing to $12M in the plan year 2024 filing.
  • Needham Bank 401(k) Plan end-of-year assets rose from $46M in the plan year 2023 filing to $58M in the plan year 2024 filing.
  • Needham Bank 401(k) Plan reported participants rose from 338 in the plan year 2023 filing to 348 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Published 5500 schedule card

Filing strip 843556185 · Needham Bank PY 2024 · 401(k)

Needham Bank 401(k) Plan · $58M · 348 · 86th

  • VS-ST $58M
  • VS-ST 348
  • VS-ST 86th
  • VS-ST 401(k)
  • VS-ST near Information & Computing Services, Inc. Savings Plan
  • VS-ST ind #6650

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 →

Needham Bank 401(k) Plan in the asset neighbourhood

Needham Bank 401(k) Plan$58MInformation & Computing Services, Inc. Savings PlanInformation & Computing Serv…$58MCardiothoracic & Vascular Surgical Associates, S.C. Retirement Savings PlanCardiothoracic & Vascular Su…$58MBetter Home & Finance Holding Company 401(k) PlanBetter Home & Finance Holdin…$58MGraham Hospital Thrift and Savings PlanGraham Hospital Thrift and S…$58M
End-of-year total assets ($M) among Needham Bank 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$46M
Net Assets (End of Year)$58M
Net Income$12M
Employer EIN843556185
Plan Effective Date1946-01-16
Filing StatusFILING RECEIVED

Sponsor Plan History (Needham Bank)

Sponsor-wide plan assets over time

All Needham Bank plans reported in each filing year

Latest sponsor-wide plan assets
$124M 108.37377326228624% vs 2023
2024 filing year
$40M$60M$80M$100M$120M$140M 20232024 $59.5M $124M ▲ +108.4%
Year Plans Participants Total Assets
2023 2 622 $59M
2024 3 730 $124M

Nearby 401(k) Plans in Massachusetts

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

Needham Bank 401(k) Plan vs. nearby 401(k) plans in Massachusetts, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -10010203040 Total assets ($B) Participants Needham Bank 401(k) Plan, Total assets ($B): 0.057990345 · Participants: 348Needham 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
Needham Bank 401(k) Plan vs. nearby 401(k) plans in Massachusetts, assets vs. participants
Compare Needham Bank 401(k) Plan side-by-side with 3 peers →

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

Outside Massachusetts, the nearest 401(k) by assets is Information & Computing Services, Inc. Savings Plan in FL ($58M); by covered participants it is Opensquare 401(k) Retirement Plan in WA (348 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (348 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 Needham Bank 401(k) Plan assets move in 2024? ▼
Needham Bank 401(k) Plan grew sharply - up 26.0% during 2024, from $46M to $58M. Reported net income was $12M.
How have Needham Bank plan assets changed over time? ▼
Across 2 plan years on file (2023-2024), Needham Bank's sponsor-wide assets grew 108.4%, from $59M to $124M.
Where does Needham Bank 401(k) Plan rank by assets among Form 5500 filers? ▼
Needham Bank 401(k) Plan ranks in the 86th 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 Needham Bank 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Information & Computing Services, Inc. Savings Plan in FL ($58M, 378 participants).
Which 401(k) plans cover a similar participant headcount to Needham Bank 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Opensquare 401(k) Retirement Plan in WA (348 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 843556185.

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.