401(k) · DOL Form 5500 · 2024

Commonwealth Financial Network 401(k) Plan

Data updated 2026-08-11

$238M
Total assets: 1,207
Participants: 95th
Percentile by assets: $197,394
Avg per participant

Official DOL plan name: Commonwealth Financial Network 401(k) P/S Plan · Sponsored by Commonwealth Financial Network · Massachusetts · Finance & Insurance

$238M in assets, 1,207 participants

Commonwealth Financial Network's Commonwealth Financial Network 401(k) P/S Plan reported $238M in total assets and 1,207 participants in its 2024 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 123,622 plans)
#7,854 in Finance & Insurance (8,549 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, $238M for 1,207 participants (~$197,394/participant), up 21.8% in 2024.

$238M
total plan assets (2024 EOY): 1,207
covered participants: 95th
percentile by assets (of 123,622 plans): $197,394
avg assets per participant

Commonwealth Financial Network 401(k) P/S Plan end-of-year assets rose from $196M in the plan year 2023 filing to $238M in the plan year 2024 filing.
Commonwealth Financial Network 401(k) P/S Plan reported net income fell from $49M in the plan year 2023 filing to $43M in the plan year 2024 filing.
Commonwealth Financial Network 401(k) P/S Plan reported participants rose from 1,098 in the plan year 2023 filing to 1,207 in the plan year 2024 filing.

See the national 2023→2024 release diff →

State

Massachusetts

Industry

Finance & Insurance

Commonwealth Financial Network 401(k) P/S Plan vs the 2024 asset distribution

By assets, Commonwealth Financial Network 401(k) P/S Plan outranks 95% of the 123,622 plans that filed a Form 5500 for the 2024 plan year, and holds roughly 2.4x the national average plan size of $100M (721 average participants).

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)	$196M
Net Assets (End of Year)	$238M
Net Income	$43M
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 $34.2B · 66,907
Liberty Mutual 401(k) Plan $11.4B · 34,618
Massachusetts Institute of Technology Supplemental 401(k) Plan $7.7B · 14,762
Boston Scientific Corporation 401(k) Retirement Savings Plan $6.8B · 20,639
State Street Salary Savings Program $6.5B · 12,777

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.

Wesbanco, Inc. 401(k) Plan (WV) $238M · 2,598
Scientific Games, LLC 401(k) Plan (GA) $238M · 1,827
Sew-Eurodrive, Inc. Profit Sharing/401(k) Retirement Plan (SC) $238M · 1,050
U.S. Oral Surgery Management, LLC Retirement Plan (TX) $238M · 1,971

Frequently Asked Questions

How did Commonwealth Financial Network 401(k) P/S Plan assets move in 2024? ▼

Commonwealth Financial Network 401(k) P/S Plan grew sharply - up 21.8% during 2024, from $196M to $238M. Reported net income was $43M.

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 123,622 plans that reported assets for plan year 2024 (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 Wesbanco, Inc. 401(k) Plan in WV ($238M, 2,598 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 2024.

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