401(k) · DOL Form 5500 · 2023

Commonwealth Financial Network 401(k) Plan

Data updated 2026-08-25

$196M
Total assets Near avg plan size
1,098
Participants Near avg headcount
95th
Percentile by assets National rank
$178,166
Avg per participant Above avg balance/head
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Official DOL plan name: Commonwealth Financial Network 401(k) P/S Plan · Sponsored by Commonwealth Financial Network · Massachusetts · Finance & Insurance

$196M in assets, 1,098 participants

Commonwealth Financial Network's Commonwealth Financial Network 401(k) P/S Plan reported $196M in total assets and 1,098 participants in its 2023 DOL Form 5500 filing, ranking in the 95th 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.

  • #8,110 in Finance & Insurance (8,869 peers)

Where Commonwealth Financial Network 401(k) P/S Plan sits by assets

Commonwealth Financial Network 401(k) P/S Plan sits in the top 5% of all filed plans by assets, $196M for 1,098 participants (~$178,166/participant), up 34.6% in 2023.

#8,110
in Finance & Insurance (8,869 peers)
+34.6%
assets growth YoY
2.0×
vs typical plan assets (national mean)

Commonwealth Financial Network 401(k) P/S Plan's outsized position by total assets

Commonwealth Financial Network 401(k) P/S Plan vs every filed plan by assets

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

$195,626,020 Top 5% higher than 95% 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

Commonwealth Financial Network 401(k) P/S Plan's large-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Commonwealth Financial Network 401(k) P/S Plan lands in the large band (1,098 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Commonwealth Financial Network 401(k) P/S Plan reported net income rose from -$18M in the plan year 2022 filing to $49M in the plan year 2023 filing.
  • Commonwealth Financial Network 401(k) P/S Plan end-of-year assets rose from $145M in the plan year 2022 filing to $196M in the plan year 2023 filing.
  • Commonwealth Financial Network 401(k) P/S Plan reported participants rose from 1,004 in the plan year 2022 filing to 1,098 in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 042675571 · Commonwealth Financial Network PY 2023 · 401(k)

Commonwealth Financial Network 401(k) P/S Plan · $196M · 1,098 · 95th

  • IND $196M
  • IND 1,098
  • IND 95th
  • IND 401(k)
  • IND near Turning Stone Enterprises, LLC 401 (K) Plan
  • IND ind #8110

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 →

Commonwealth Financial Network 401(k) P/S Plan in the asset neighbourhood

Acts Retirement - Life Communities, Inc. Retirement Savings Plan - 401(k)Acts Retirement - Life Commu…$196MTurning Stone Enterprises, LLC 401 (K) PlanTurning Stone Enterprises, L…$196MCommonwealth Financial Network 401(k) P/S PlanCommonwealth Financial Netwo…$196MMarubeni Group Retirement Savings PlanMarubeni Group Retirement Sa…$196MEnsemble Retirement Savings Plan 401(k)Ensemble Retirement Savings …$196M
End-of-year total assets ($M) among Commonwealth Financial Network 401(k) P/S Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$145M
Net Assets (End of Year)$196M
Net Income$49M
Employer EIN042675571
Plan Effective Date1996-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Commonwealth Financial Network)

Sponsor-wide plan assets over time

All Commonwealth Financial Network plans reported in each filing year

Latest sponsor-wide plan assets
$238M 63.93622923460621% vs 2022
2024 filing year
$100M$150M$200M$250M 202220232024 $145M $238M ▲ +63.9%
Year Plans Participants Total Assets
2022 1 1,004 $145M
2023 1 1,098 $196M
2024 1 1,207 $238M

Nearby 401(k) Plans in Massachusetts

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

Commonwealth Financial Network 401(k) P/S Plan vs. nearby 401(k) plans in Massachusetts, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -10010203040 Total assets ($B) Participants Commonwealth Financial Network 401(k) P/S Plan, Total assets ($B): 0.19562602 · Participants: 1098Commonwealth Financial Network 401(k) P/S PlanFidelity Retirement Savings Plan, Total assets ($B): 28.649852331 · Participants: 62289Fidelity Retirement Savings PlanLiberty Mutual 401(k) Plan, Total assets ($B): 10.556596852 · Participants: 37052Liberty Mutual 401(k) PlanMassachusetts Institute of Technology Supplemental 401(k) Plan, Total assets ($B): 6.829912863 · Participants: 14094Massachusetts Institute of Technology Supplemental 401(k) PlanBoston Scientific Corporation 401(k) Retirement Savings Plan, Total assets ($B): 5.786107181 · Participants: 19881Boston Scientific Corporation 401(k) Retirement Savings PlanPhilips North America 401(k) Plan, Total assets ($B): 5.779286156 · Participants: 19120Philips North America 401(k) Plan
Commonwealth Financial Network 401(k) P/S Plan vs. nearby 401(k) plans in Massachusetts, assets vs. participants
Compare Commonwealth Financial Network 401(k) P/S Plan side-by-side with 3 peers →

Commonwealth Financial Network 401(k) P/S Plan's out-of-state 401(k) peers by assets and headcount

Outside Massachusetts, the nearest 401(k) by assets is Turning Stone Enterprises, LLC 401 (K) Plan in NY ($196M); by covered participants it is Pgw Auto Glass, LLC 401(k) Plan in PA (1,098 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (1,098 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 Commonwealth Financial Network 401(k) P/S Plan assets move in 2023? ▼
Commonwealth Financial Network 401(k) P/S Plan surged - up 34.6% during 2023, from $145M to $196M. Reported net income was $49M.
How have Commonwealth Financial Network plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Commonwealth Financial Network's sponsor-wide assets grew 63.9%, from $145M to $238M.
Where does Commonwealth Financial Network 401(k) P/S Plan rank by assets among Form 5500 filers? ▼
Commonwealth Financial Network 401(k) P/S Plan ranks in the 95th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 5% of all filed plans by assets).
Which 401(k) plans are similar in size to Commonwealth Financial Network 401(k) P/S Plan? ▼
Among 401(k) plans in other states, the closest by assets is Turning Stone Enterprises, LLC 401 (K) Plan in NY ($196M, 4,125 participants).
Which 401(k) plans cover a similar participant headcount to Commonwealth Financial Network 401(k) P/S Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Pgw Auto Glass, LLC 401(k) Plan in PA (1,098 participants, $21M 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 042675571.

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.