401(k) · DOL Form 5500 · 2024

Westfield Bank, Fsb 401(k) Plan

Data updated 2026-08-25

$26M
Total assets Below avg plan size
193
Participants Below avg headcount
75th
Percentile by assets National rank
$134,813
Avg per participant Near avg balance/head
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Official DOL plan name: Westfield Bank 401(k) Plan · Sponsored by Westfield Bank, Fsb · Ohio · Finance & Insurance

$26M in assets, 193 participants

Westfield Bank, Fsb's Westfield Bank 401(k) Plan reported $26M in total assets and 193 participants in its 2024 DOL Form 5500 filing, ranking in the 75th 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.

  • #5,262 in Finance & Insurance (8,549 peers)

Coverage in Ohio

Westfield Bank 401(k) Plan covers 193 participants in Ohio, about 25% of the average Ohio filer (state average ~765 per filing). Assets: $26M.

#5,262
in Finance & Insurance (8,549 peers)
+17.3%
assets growth YoY
0.3×
vs typical plan assets (national mean)

Westfield Bank 401(k) Plan's outsized position by total assets

Westfield Bank 401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$26,018,960 Top 25% higher than 75% 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

Westfield Bank 401(k) Plan among mid-size filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Westfield Bank 401(k) Plan sits mid-pack in the medium band (193 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Westfield Bank 401(k) Plan reported net income fell from $5M in the plan year 2023 filing to $4M in the plan year 2024 filing.
  • Westfield Bank 401(k) Plan end-of-year assets rose from $22M in the plan year 2023 filing to $26M in the plan year 2024 filing.
  • Westfield Bank 401(k) Plan reported participants fell from 199 in the plan year 2023 filing to 193 in the plan year 2024 filing.

See the national 2023→2024 release diff →

EBSA filing schedule strip

Filing strip 341940362 · Westfield Bank, Fsb PY 2024 · 401(k)

Westfield Bank 401(k) Plan · $26M · 193 · 75th

  • EBSA $26M
  • EBSA 193
  • EBSA 75th
  • EBSA 401(k)
  • EBSA near The Pruet Companies Salaried Reduction Plan & Trust
  • EBSA ind #5262

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 Ohio →

Westfield Bank 401(k) Plan in the asset neighbourhood

Westfield Bank 401(k) Plan$26MThe Pruet Companies Salaried Reduction Plan & TrustThe Pruet Companies Salaried…$26MOrthosc, LLC 401(k) Profit Sharing PlanOrthosc, LLC 401(k) Profit S…$26MMelissa Data Corporation 401(k) Profit Sharing Plan and TrustMelissa Data Corporation 401…$26MAnalytical Services & Materials, Inc. 401(k) Profit Sharing PlanAnalytical Services & Materi…$26M
End-of-year total assets ($M) among Westfield Bank 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Ohio filing particulars

Total Assets (Beginning of Year)$22M
Net Assets (End of Year)$26M
Net Income$4M
Employer EIN341940362
Plan Effective Date2023-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Westfield Bank, Fsb)

Sponsor-wide plan assets over time

All Westfield Bank, Fsb plans reported in each filing year

Latest sponsor-wide plan assets
$26M 17.330888857142448% vs 2023
2024 filing year
$20M$22M$24M$26M$28M 20232024 $22.2M $26M ▲ +17.3%
Year Plans Participants Total Assets
2023 1 199 $22M
2024 1 193 $26M

Nearby 401(k) Plans in Ohio

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

Westfield Bank 401(k) Plan vs. nearby 401(k) plans in Ohio, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -505101520 Total assets ($B) Participants Westfield Bank 401(k) Plan, Total assets ($B): 0.02601896 · Participants: 193Westfield Bank 401(k) PlanGE Aerospace Retirement Savings Plan, Total assets ($B): 14.738724553 · Participants: 45620GE Aerospace Retirement Savings PlanThe Kroger Co. 401(k) Retirement Savings Account Plan, Total assets ($B): 11.809161 · Participants: 135373The Kroger Co. 401(k) Retirement Savings Account PlanThe Progressive 401(k) Plan, Total assets ($B): 11.533546294 · Participants: 62521The Progressive 401(k) PlanThe Sherwin-Williams Company 401(k) Plan, Total assets ($B): 10.563559628 · Participants: 47459The Sherwin-Williams Company 401(k) PlanParker Retirement Savings Plan, Total assets ($B): 9.010073432 · Participants: 26315Parker Retirement Savings Plan
Westfield Bank 401(k) Plan vs. nearby 401(k) plans in Ohio, assets vs. participants
Compare Westfield Bank 401(k) Plan side-by-side with 3 peers →

Westfield Bank 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Ohio, the nearest 401(k) by assets is The Pruet Companies Salaried Reduction Plan & Trust in MS ($26M); by covered participants it is Spartan Race, Inc. 401(k) Plan in MA (193 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (193 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 Westfield Bank 401(k) Plan assets move in 2024? ▼
Westfield Bank 401(k) Plan grew sharply - up 17.3% during 2024, from $22M to $26M. Reported net income was $4M.
How have Westfield Bank, Fsb plan assets changed over time? ▼
Across 2 plan years on file (2023-2024), Westfield Bank, Fsb's sponsor-wide assets grew 17.3%, from $22M to $26M.
Where does Westfield Bank 401(k) Plan rank by assets among Form 5500 filers? ▼
Westfield Bank 401(k) Plan ranks in the 75th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Westfield Bank 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is The Pruet Companies Salaried Reduction Plan & Trust in MS ($26M, 110 participants).
Which 401(k) plans cover a similar participant headcount to Westfield Bank 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Spartan Race, Inc. 401(k) Plan in MA (193 participants, $5M 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 341940362.

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.