401(k) · DOL Form 5500 · 2023

Commonwealth Financial Network 401(k) Plan

Data updated 2026-08-11

$196M
Total assets: 1,098
Participants: 95th
Percentile by assets: $178,166
Avg per participant

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.

95th percentile by assets (of 127,072 plans)
#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.

$196M
total plan assets (2023 EOY): 1,098
covered participants: 95th
percentile by assets (of 127,072 plans): $178,166
avg assets per participant

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 →

State

Massachusetts

Industry

Finance & Insurance

Commonwealth Financial Network 401(k) P/S Plan vs the 2023 asset distribution

By assets, Commonwealth Financial Network 401(k) P/S Plan outranks 95% of the 127,072 plans that filed a Form 5500 for the 2023 plan year, and holds roughly 2.0x the national average plan size of $100M (721 average participants).

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)	$145M
Net Assets (End of Year)	$196M
Net Income	$49M
Employer EIN	042675571
Plan Effective Date	1996-01-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Commonwealth Financial Network)

Total plan assets by year, all Commonwealth Financial Network plans on file

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

Fidelity Retirement Savings Plan $28.6B · 62,289
Liberty Mutual 401(k) Plan $10.6B · 37,052
Massachusetts Institute of Technology Supplemental 401(k) Plan $6.8B · 14,094
Boston Scientific Corporation 401(k) Retirement Savings Plan $5.8B · 19,881
Philips North America 401(k) Plan $5.8B · 19,120

Compare Commonwealth Financial Network 401(k) P/… side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Commonwealth Financial Network 401(k) P/S Plan by total assets, not by location.

Turning Stone Enterprises, LLC 401 (K) Plan (NY) $196M · 4,125
Marubeni Group Retirement Savings Plan (NY) $196M · 952
Ensemble Retirement Savings Plan 401(k) (OH) $196M · 8,930
Acts Retirement - Life Communities, Inc. Retirement Savings Plan - 401(k) (PA) $196M · 5,303

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).

Next read for Commonwealth Financial Network 401(k) P/…

Scale reading

Ways to act on Commonwealth Financial Network 401(k) P/S Plan's numbers.

By total assets, Commonwealth Financial Network 401(k) P/S 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
Commonwealth Financial Network's sponsor-wide assets have grown 63.9% 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 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 042675571.