Defined Benefit (Pension) · DOL Form 5500 · 2023

Baycoast Bank Pension Plan

Data updated 2026-08-25

$92M
Total assets Below avg plan size
483
Participants Below avg headcount
91st
Percentile by assets National rank
$190,357
Avg per participant Above avg balance/head
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Official DOL plan name: Baycoast Bank Pension Plan · Sponsored by Baycoast Bank · Massachusetts · Finance & Insurance

$92M in assets, 483 participants

Baycoast Bank's Baycoast Bank Pension Plan reported $92M in total assets and 483 participants in its 2023 DOL Form 5500 filing, ranking in the 91st 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.

  • #7,604 in Finance & Insurance (8,869 peers)

Where Baycoast Bank Pension Plan sits by assets

Baycoast Bank Pension Plan sits in the top 10% of all filed plans by assets, $92M for 483 participants (~$190,357/participant), up 19.9% in 2023.

#7,604
in Finance & Insurance (8,869 peers)
+19.9%
assets growth YoY
0.9×
vs typical plan assets (national mean)

Baycoast Bank Pension Plan's outsized position by total assets

Baycoast Bank Pension Plan vs every filed plan by assets

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

$91,942,650 Top 9% higher than 91% 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

Baycoast Bank Pension 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. Baycoast Bank Pension Plan sits mid-pack in the medium band (483 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Baycoast Bank Pension Plan reported net income rose from $3M in the plan year 2022 filing to $15M in the plan year 2023 filing.
  • Baycoast Bank Pension Plan end-of-year assets rose from $77M in the plan year 2022 filing to $92M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 041178460 · Baycoast Bank PY 2023 · Defined Benefit (Pension)

Baycoast Bank Pension Plan · $92M · 483 · 91st

  • EIN $92M
  • RANK 483
  • PHOTO 91st
  • IND Defined Benefit (Pension)
  • EOY near The Retirement Benefit Plan of Sky Chefs, Inc. for Employees Represented by Unite Here
  • 5500 ind #7604

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 →

Baycoast Bank Pension Plan in the asset neighbourhood

Altru Health System Cash Balance PlanAltru Health System Cash Bal…$92MThe Retirement Benefit Plan of Sky Chefs, Inc. for Employees Represented by Unite HereThe Retirement Benefit Plan …$92MBaycoast Bank Pension Plan$92MPearson Inc. Pension Plan$92MUpper Peninsula Power Company Retirement PlanUpper Peninsula Power Compan…$92M
End-of-year total assets ($M) among Baycoast Bank Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$77M
Net Assets (End of Year)$92M
Net Income$15M
Employer EIN041178460
Plan Effective Date1989-11-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Baycoast Bank)

Sponsor-wide plan assets over time

All Baycoast Bank plans reported in each filing year

Latest sponsor-wide plan assets
$78M 40.79043485092928% vs 2022
2024 filing year
$50M$100M$150M$200M 202220232024 $132M $78.3M ▼ -40.8%
Year Plans Participants Total Assets
2022 2 1,007 $132M
2023 2 1,044 $159M
2024 1 524 $78M

Nearby Defined Benefit (Pension) Plans in Massachusetts

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

Baycoast Bank Pension Plan vs. nearby Defined Benefit (Pension) plans in Massachusetts, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -5051015 Total assets ($B) Participants Baycoast Bank Pension Plan, Total assets ($B): 0.09194265 · Participants: 483Baycoast Bank Pension PlanConsolidated Cash Balance Program of Mass General Brigham and Member Organizations, Total assets ($B): 10.325856564 · Participants: 58745Consolidated Cash Balance Program of Mass General Brigham and Member OrganizationsNew England Teamsters Pension Fund, Total assets ($B): 9.092299586 · Participants: 21786New England Teamsters Pension FundLiberty Mutual Retirement Benefit Plan, Total assets ($B): 6.892259637 · Participants: 37145Liberty Mutual Retirement Benefit PlanMassachusetts Institute of Technology Basic Retirement Plan, Total assets ($B): 5.381626447 · Participants: 11888Massachusetts Institute of Technology Basic Retirement PlanN. Atlantic States Carp. Pension Fund, Total assets ($B): 4.973349354 · Participants: 17166N. Atlantic States Carp. Pension Fund
Baycoast Bank Pension Plan vs. nearby Defined Benefit (Pension) plans in Massachusetts, assets vs. participants
Compare Baycoast Bank Pension Plan side-by-side with 3 peers →

Baycoast Bank Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Massachusetts, the nearest Defined Benefit (Pension) by assets is The Retirement Benefit Plan of Sky Chefs, Inc. for Employees Represented by Unite Here in TX ($92M); by covered participants it is Brotherhood of Locomotive Engineers and Trainmen Long Island Pension Fund in NY (483 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (483 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 Baycoast Bank Pension Plan assets move in 2023? ▼
Baycoast Bank Pension Plan grew sharply - up 19.9% during 2023, from $77M to $92M. Reported net income was $15M.
How have Baycoast Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Baycoast Bank's sponsor-wide assets declined 40.8%, from $132M to $78M.
Where does Baycoast Bank Pension Plan rank by assets among Form 5500 filers? ▼
Baycoast Bank Pension Plan ranks in the 91st percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 10% of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to Baycoast Bank Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is The Retirement Benefit Plan of Sky Chefs, Inc. for Employees Represented by Unite Here in TX ($92M, 269 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Baycoast Bank Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Brotherhood of Locomotive Engineers and Trainmen Long Island Pension Fund in NY (483 participants, $81M 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 041178460.

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.