Eastern Bank 401(k) match, vesting and fees
What Eastern 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 | Empower Annuity Insurance Company O | Schedule C ↗ |
| Independent auditor | Wolf and Company P.C (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.
| Eastern Bank: employer contribution per participant | $1,866 | |
| Peer median | $2,966 |
| Eastern Bank: average balance | $130,011 | |
| Peer median | $104,792 |
| Eastern Bank: admin expenses ÷ assets | 0.10% | |
| 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 $327M at the end of plan year 2023 to $344M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 2,685 | $344M | $4.9M | $1,866 | 0.10% | Not published | Form 5500 ↗ |
| 2023 | 2,731 | $327M | $5.2M | $1,930 | 0.10% | Not published | Form 5500 ↗ |
Other Eastern Bank plans (2)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Cambridge Bancorp Employee Stock Ownership Plan
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.
| Independent auditor | Baker Newman Noyes, LLC (unmodified opinion) | Schedule H ↗ |
| Plan type and status | Retirement · Active | Form 5500 ↗ |
Sbera Pension Plan As Adopted by Eastern 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.
| Independent auditor | Johnson Oconnor Feron & Carucci LLP (unmodified opinion) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Active | Form 5500 ↗ |
Common questions
Does Eastern Bank match 401(k) contributions?
The match terms for the Eastern Bank 401(k) Plan have not been published from its filing yet. The plan year 2024 filing reports $4.9M in employer contributions, about $1,866 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Eastern Bank 401(k) match vested?
The vesting schedule for the Eastern Bank 401(k) Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Eastern Bank 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Empower Annuity Insurance Company O. The plan administrator is Eastern Bank.
I left Eastern Bank. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Eastern Bank, (781) 598-7590) or the recordkeeper, Empower Annuity Insurance Company O. The Eastern Bank old 401(k) page lists the contacts from every plan filing. Find an old Eastern Bank 401(k)
Data from the public Form 5500 annual reports Eastern Bank filed with the U.S. Department of Labor (plan years 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 Eastern Bank. Not financial advice. Report a correction · Methodology