Other · DOL Form 5500 · 2023

Needham Bank Retirement Plan

Data updated 2026-08-25

$13M
Total assets Small plan by assets
284
Participants Below avg headcount
65th
Percentile by assets National rank
$47,347
Avg per participant Low balance/head
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Official DOL plan name: Needham Bank Employee Stock Ownership Plan · Sponsored by Needham Bank · Massachusetts · Finance & Insurance

$13M in assets, 284 participants

Needham Bank's Needham Bank Employee Stock Ownership Plan reported $13M in total assets and 284 participants in its 2023 DOL Form 5500 filing, ranking in the 65th 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.

  • #4,435 in Finance & Insurance (8,869 peers)

Coverage in Massachusetts

Needham Bank Employee Stock Ownership Plan covers 284 participants in Massachusetts, about 43% of the average Massachusetts filer (state average ~659 per filing). Assets: $13M.

#4,435
in Finance & Insurance (8,869 peers)
-$324K
reported net income

The plan reported a net loss of $324K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Needham Bank Employee Stock Ownership Plan's mid-pack asset rank among Finance & Insurance and all filers

Needham Bank Employee Stock Ownership Plan vs every filed plan by assets

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

$13,446,450 Top 35% higher than 65% 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

Needham Bank Employee Stock Ownership 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. Needham Bank Employee Stock Ownership Plan sits mid-pack in the medium band (284 participants).

DOL schedule card

Filing strip 843556185 · Needham Bank PY 2023 · Other

Needham Bank Employee Stock Ownership Plan · $13M · 284 · 65th

  • BOY $13M
  • SCH 284
  • EBSA 65th
  • PART Other
  • TYPE near Prep for Prep 403 (B) DC Plan
  • NET ind #4435

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 →

Needham Bank Employee Stock Ownership Plan in the asset neighbourhood

Compass Connections 403(b) Retirement PlanCompass Connections 403(b) R…$13MGoddard College Defined Contribution Retirement PlanGoddard College Defined Cont…$13MPrep for Prep 403 (B) DC Plan$13MNeedham Bank Employee Stock Ownership PlanNeedham Bank Employee Stock …$13MChristian Living Communities 403(b) Retirement PlanChristian Living Communities…$13M
End-of-year total assets ($M) among Needham Bank Employee Stock Ownership Plan and nearest nationwide Other peers. Source: DOL Form 5500 plan year 2023.

Massachusetts filing particulars

Total Assets (Beginning of Year)N/A
Net Assets (End of Year)-$324K
Net Income-$324K
Employer EIN843556185
Plan Effective Date2023-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Needham Bank)

Sponsor-wide plan assets over time

All Needham Bank plans reported in each filing year

Latest sponsor-wide plan assets
$124M 108.37377326228624% vs 2023
2024 filing year
$40M$60M$80M$100M$120M$140M 20232024 $59.5M $124M ▲ +108.4%
Year Plans Participants Total Assets
2023 2 622 $59M
2024 3 730 $124M

Nearby Other Plans in Massachusetts

Peer Other plans, same state, same plan type, ranked by total assets.

Needham Bank Employee Stock Ownership Plan vs. nearby Other plans in Massachusetts, assets vs. participants Scatter plot of 6 data points. -50000500010000150002000025000 -20246 Total assets ($B) Participants Needham Bank Employee Stock Ownership Plan, Total assets ($B): 0.01344645 · Participants: 284Needham Bank Employee Stock Ownership PlanThe Mitre Corporation Tax Sheltered Annuity Plan, Total assets ($B): 4.700618255 · Participants: 11980The Mitre Corporation Tax Sheltered Annuity PlanHarvard University Tax Deferred Annuity Plan, Total assets ($B): 3.76566072 · Participants: 21064Harvard University Tax Deferred Annuity PlanBoston University Retirement Plan, Total assets ($B): 2.758080647 · Participants: 8130Boston University Retirement PlanBeth Israel Deaconess Medical Center Voluntary 403(b) Plan, Total assets ($B): 2.396382678 · Participants: 13981Beth Israel Deaconess Medical Center Voluntary 403(b) PlanNortheastern University Retirement Plan, Total assets ($B): 2.333339945 · Participants: 8553Northeastern University Retirement Plan
Needham Bank Employee Stock Ownership Plan vs. nearby Other plans in Massachusetts, assets vs. participants
Compare Needham Bank Employee Stock Ownership Plan side-by-side with 3 peers →

Needham Bank Employee Stock Ownership Plan's out-of-state Other peers by assets and headcount

Outside Massachusetts, the nearest Other by assets is Prep for Prep 403 (B) DC Plan in NY ($13M); by covered participants it is Hackley Community Care Center, Inc. 403(b) Plan in MI (284 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (284 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 have Needham Bank plan assets changed over time? ▼
Across 2 plan years on file (2023-2024), Needham Bank's sponsor-wide assets grew 108.4%, from $59M to $124M.
Which Other plans are similar in size to Needham Bank Employee Stock Ownership Plan? ▼
Among Other plans in other states, the closest by assets is Prep for Prep 403 (B) DC Plan in NY ($13M, 60 participants).
Which Other plans cover a similar participant headcount to Needham Bank Employee Stock Ownership Plan? ▼
Among Other plans in other states, the closest by covered participants is Hackley Community Care Center, Inc. 403(b) Plan in MI (284 participants, $14M 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 843556185.

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.