401(k) · DOL Form 5500 · 2024
Springfield Area Transit Co Inc 401(k) Plan
Data updated 2026-08-25
- $7M
- Total assets Small plan by assets
- 300
- Participants Below avg headcount
- 49th
- Percentile by assets National rank
- $24,664
- Avg per participant Low balance/head
Official DOL plan name: Transit Employees 401(k) Plan · Sponsored by Springfield Area Transit Co Inc · Massachusetts · Transportation & Warehousing
$7M in assets, 300 participants
Springfield Area Transit Co Inc's Transit Employees 401(k) Plan reported $7M in total assets and 300 participants in its 2024 DOL Form 5500 filing, ranking in the 49th 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.
- #1,664 in Transportation & Warehousing (3,299 peers)
Coverage in Massachusetts
Transit Employees 401(k) Plan covers 300 participants in Massachusetts, about 46% of the average Massachusetts filer (state average ~659 per filing). Assets: $7M.
- #1,664
- in Transportation & Warehousing (3,299 peers)
- +3.2%
- assets growth YoY
Transit Employees 401(k) Plan's mid-pack asset rank among Transportation & Warehousing and all filers
Transit Employees 401(k) Plan vs every filed plan by assets
End-of-year total assets · plan year 2024 · DOL Form 5500
$7,399,088 49th percentile higher than 49% of 123,620 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024
Transit Employees 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. Transit Employees 401(k) Plan sits mid-pack in the medium band (300 participants).
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Transit Employees 401(k) Plan reported net income rose from -$102K in the plan year 2023 filing to $228K in the plan year 2024 filing.
- Transit Employees 401(k) Plan end-of-year assets rose from $7M in the plan year 2023 filing to $7M in the plan year 2024 filing.
Form 5500 schedule snapshot
Filing strip 043572241 · Springfield Area Transit Co Inc PY 2024 · 401(k)
Transit Employees 401(k) Plan · $7M · 300 · 49th
- RANK $7M
- PHOTO 300
- IND 49th
- EOY 401(k)
- 5500 near Prosource Technologies Retirement Savings Plan
- ASSETS ind #1664
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 Transportation & Warehousing retirement plans → · Plans in Massachusetts →
Transit Employees 401(k) Plan in the asset neighbourhood
Massachusetts filing particulars
| Total Assets (Beginning of Year) | $7M |
|---|---|
| Net Assets (End of Year) | $7M |
| Net Income | $228K |
| Employer EIN | 043572241 |
| Plan Effective Date | 1994-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Springfield Area Transit Co Inc)
Sponsor-wide plan assets over time
All Springfield Area Transit Co Inc plans reported in each filing year
- Latest sponsor-wide plan assets
- $7M 1.7300642243308912% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 295 | $7M |
| 2023 | 1 | 298 | $7M |
| 2024 | 1 | 300 | $7M |
Nearby 401(k) Plans in Massachusetts
Peer 401(k) plans, same state, same plan type, ranked by total assets.
- 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
Transit Employees 401(k) Plan's out-of-state 401(k) peers by assets and headcount
Outside Massachusetts, the nearest 401(k) by assets is Prosource Technologies Retirement Savings Plan in MN ($7M); by covered participants it is Vital Plastics, Inc. 401(k) Plan in WI (300 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($7M here).
Similar participant headcount
Nearest other-state filings by covered participants (300 participants); asset peers above are excluded.
- Vital Plastics, Inc. 401(k) Plan (WI) 300 · 0 off
- Minnesota Elevator, Inc. 401(k) Profit Sharing Plan (MN) 300 · 0 off
- Macrosource, LLC 401(k) Plan for Non-Union Employees (GA) 300 · 0 off
- Laurel Administrative Services, Inc. 401(k) Plan (PA) 300 · 0 off
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.