# Eastern Bank 401(k) Plan
Source: https://planprovider.pro/companies/eastern-bank-401k-plan-002

> Eastern Bank's 401(k) plan: 1,950 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Eastern Bank

- **Sponsor EIN:** 043067724

- **Sponsor Address:** 125 HIGH STREET, BOSTON, MA, 02110

- **Plan Type:** 401(k)

- **Total Participants:** 1,950

- **Total Assets:** $343.6M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** Yes

- **Participant Loans:** No

- **Participant-Directed Investments:** Yes

- **ERISA Section 404(c) Fiduciary Safe Harbor:** Yes

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|1,950|$343.6M|$4.9M|$12.4M|

| 2023|1,698|$327.2M|$5.2M|$14.0M|

| 2022|2,040|$295.6M|$5.1M|$13.6M|

## Service Providers (Schedule C)

Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).

| Provider Name|
Role|
Direct Compensation|
Indirect Compensation|
Total Fees|

| WOLF AND COMPANY P.C|Auditor|—|—|$0|

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $0

### Historical Administrative Expenses

Breakdown of administrative expense categories reported on Form 5500 filings.

| Year|
Total Admin Expenses|
Investment Mgmt Fees|
Contract Admin Fees|
IQPA Audit Fees|
Professional Fees|

| 2024|$319,602|$63,907|—|—|—|

| 2023|$313,710|$47,011|—|—|—|

| 2022|$259,673|$31,408|—|—|—|

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