Berkshire Bank 401(k) match, vesting and fees
What Berkshire Bank's 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | The Vanguard Group, Inc. | Schedule C ↗ |
| Independent auditor | Crowe, LLP (unmodified opinion) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 673 defined-contribution plans in finance and insurance with 1,000 to 4,999 participants.
| Berkshire Bank: employer contribution per participant | $2,004 | |
| Peer median | $2,966 |
| Berkshire Bank: average balance | $112,322 | |
| Peer median | $104,792 |
| Berkshire Bank: admin expenses ÷ assets | 0.09% | |
| Peer median | 0.10% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $180M at the end of plan year 2021 to $183M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 1,672 | $183M | $3.3M | $2,004 | 0.09% | Not published | Form 5500 ↗ |
| 2023 | 1,740 | $165M | $3.1M | $1,886 | 0.09% | Not published | Form 5500 ↗ |
| 2022 | 1,744 | $150M | $2.9M | $1,715 | 0.08% | Not published | Form 5500 ↗ |
| 2021 | 1,797 | $180M | $2.9M | $1,670 | 0.04% | Not published | Form 5500 ↗ |
Other Berkshire Bank plans (1)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Retirement Plan of Rome Savings Bank
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Plan type and status | Pension (defined benefit) · Frozen | Form 5500 ↗ |
Common questions
Does Berkshire Bank match 401(k) contributions?
The match terms for the Berkshire Bank 401(k) Plan have not been published from its filing yet. The plan year 2024 filing reports $3.3M in employer contributions, about $2,004 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Berkshire Bank 401(k) match vested?
The vesting schedule for the Berkshire Bank 401(k) Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Berkshire Bank 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is The Vanguard Group, Inc.. The plan administrator is Berkshire Bank.
I left Berkshire Bank. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Berkshire Bank, (413) 443-5601) or the recordkeeper, The Vanguard Group, Inc.. The Berkshire Bank old 401(k) page lists the contacts from every plan filing. Find an old Berkshire Bank 401(k)
Data from the public Form 5500 annual reports Berkshire Bank filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Berkshire Bank. Not financial advice. Report a correction · Methodology