Defined Benefit (Pension) · DOL Form 5500 · 2024

Needham Bank Pension Plan

Data updated 2026-08-25

$4M
Total assets Small plan by assets
99
Participants Small participant base
39th
Percentile by assets National rank
$41,686
Avg per participant Low balance/head
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Official DOL plan name: Needham Bank Defined Benefit Plan · Sponsored by Needham Bank · Massachusetts · Finance & Insurance

$4M in assets, 99 participants

Needham Bank's Needham Bank Defined Benefit Plan reported $4M in total assets and 99 participants in its 2024 DOL Form 5500 filing, ranking in the 39th 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.

  • #2,198 in Finance & Insurance (8,549 peers)

Needham Bank multi-year trail

Needham Bank's plans moved +108.4% in assets from 2023 to 2024; this filing shows Needham Bank Defined Benefit Plan at $4M / 99 participants.

#2,198
in Finance & Insurance (8,549 peers)
-$23M
reported net income

The plan reported a net loss of $23M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Needham Bank Defined Benefit Plan's mid-pack asset rank among Finance & Insurance and all filers

Needham Bank Defined Benefit Plan vs every filed plan by assets

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

$4,126,869 39th percentile higher than 39% 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

Needham Bank Defined Benefit Plan among smaller filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Needham Bank Defined Benefit Plan is a small filing (99 participants) on this national headcount ladder.

EBSA filing schedule strip

Filing strip 843556185 · Needham Bank PY 2024 · Defined Benefit (Pension)

Needham Bank Defined Benefit Plan · $4M · 99 · 39th

  • BOOK $4M
  • BOOK 99
  • BOOK 39th
  • BOOK Defined Benefit (Pension)
  • BOOK near Curitec LLC Defined Benefit Pension Plan
  • BOOK ind #2198

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 Defined Benefit Plan in the asset neighbourhood

Equity Cooperative Livestock Sales Assoc Employees Retirement PlanEquity Cooperative Livestock…$4MLaw Offices of Kayhan Shakib Defined Benefit Pension PlanLaw Offices of Kayhan Shakib…$4MNeedham Bank Defined Benefit PlanNeedham Bank Defined Benefit…$4MCuritec LLC Defined Benefit Pension PlanCuritec LLC Defined Benefit …$4MCascade Eye & Skin Centers, P.C. Cash Balance PlanCascade Eye & Skin Centers, …$4M
End-of-year total assets ($M) among Needham Bank Defined Benefit Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2024.

Needham Bank multi-year asset trail

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

Needham Bank filing trail (2024)

Total Assets (Beginning of Year)N/A
Net Assets (End of Year)$4M
Net Income-$23M
Employer EIN843556185
Plan Effective Date2024-01-01
Filing StatusFILING RECEIVED

Nearby Defined Benefit (Pension) Plans in Massachusetts

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

Needham Bank Defined Benefit Plan vs. nearby Defined Benefit (Pension) plans in Massachusetts, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -5051015 Total assets ($B) Participants Needham Bank Defined Benefit Plan, Total assets ($B): 0.004126869 · Participants: 99Needham Bank Defined Benefit PlanConsolidated Cash Balance Program of Mass General Brigham and Member Organizations, Total assets ($B): 11.586293172 · Participants: 60621Consolidated Cash Balance Program of Mass General Brigham and Member OrganizationsNew England Teamsters Pension Fund, Total assets ($B): 9.093299462 · Participants: 21577New England Teamsters Pension FundLiberty Mutual Retirement Benefit Plan, Total assets ($B): 6.250686483 · Participants: 34910Liberty Mutual Retirement Benefit PlanMassachusetts Institute of Technology Basic Retirement Plan, Total assets ($B): 5.888715533 · Participants: 12533Massachusetts Institute of Technology Basic Retirement PlanN. Atlantic States Carp. Pension Fund, Total assets ($B): 5.086051556 · Participants: 16946N. Atlantic States Carp. Pension Fund
Needham Bank Defined Benefit Plan vs. nearby Defined Benefit (Pension) plans in Massachusetts, assets vs. participants
Compare Needham Bank Defined Benefit Plan side-by-side with 3 peers →

Needham Bank Defined Benefit Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Massachusetts, the nearest Defined Benefit (Pension) by assets is Curitec LLC Defined Benefit Pension Plan in TX ($4M); by covered participants it is Sipi Metals Corp. Hourly and Collective Bargaining Unit Employees Retirement Plan in IL (99 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (99 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 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 Defined Benefit (Pension) plans are similar in size to Needham Bank Defined Benefit Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Curitec LLC Defined Benefit Pension Plan in TX ($4M, 45 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Needham Bank Defined Benefit Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Sipi Metals Corp. Hourly and Collective Bargaining Unit Employees Retirement Plan in IL (99 participants, $3M 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 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.