401(k) · DOL Form 5500 · 2024

Commonwealth Financial Network 401(k) Plan

Data updated 2026-08-25

$238M
Total assets Near avg plan size
1,207
Participants Near avg headcount
95th
Percentile by assets National rank
$197,394
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

$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.

  • #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.

#7,854
in Finance & Insurance (8,549 peers)
+21.8%
assets growth YoY
2.4×
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 2024 · DOL Form 5500

$238,254,863 Top 5% higher than 95% 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

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

Plan-year 2024 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 (1,207 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • 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 →

DOL schedule card

Filing strip 042675571 · Commonwealth Financial Network PY 2024 · 401(k)

Commonwealth Financial Network 401(k) P/S Plan · $238M · 1,207 · 95th

  • SCH $238M
  • SCH 1,207
  • SCH 95th
  • SCH 401(k)
  • SCH near Wesbanco, Inc. 401(k) Plan
  • SCH ind #7854

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

Scientific Games, LLC 401(k) PlanScientific Games, LLC 401(k)…$238MCommonwealth Financial Network 401(k) P/S PlanCommonwealth Financial Netwo…$238MWesbanco, Inc. 401(k) Plan$238MSew-Eurodrive, Inc. Profit Sharing/401(k) Retirement PlanSew-Eurodrive, Inc. Profit S…$238MU.S. Oral Surgery Management, LLC Retirement PlanU.S. Oral Surgery Management…$238M
End-of-year total assets ($M) among Commonwealth Financial Network 401(k) P/S Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$196M
Net Assets (End of Year)$238M
Net Income$43M
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): 0.238254863 · Participants: 1207Commonwealth Financial Network 401(k) P/S 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
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 Wesbanco, Inc. 401(k) Plan in WV ($238M); by covered participants it is Tanner Memorial Clinic Employee 401(k)Profit Sharing Plan in UT (1,207 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($238M here).

Similar participant headcount

Nearest other-state filings by covered participants (1,207 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 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).
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 Tanner Memorial Clinic Employee 401(k)Profit Sharing Plan in UT (1,207 participants, $146M 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 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.