Commonwealth Financial Network 401(k) Plan: Login, Facts & Contact Information

Commonwealth Financial Network 401(k) Plan Facts

Plan name
COMMONWEALTH FINANCIAL NETWORK 401(K) P/S PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
COMMONWEALTH FINANCIAL NETWORK
Participants
1,480 (1,271 active employees)
Former employees with a balance
298
Plan assets
$238,254,863 at Dec 31, 2024
Average account balance
$154,510 across 1,542 accounts
Employer contributions
$6,155,897 in plan year 2024 (25% of all contributions)
Recordkeeper
Fidelity Investments Institutional
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Jan 1, 1996
✓ Employer contributions— Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments✓ Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2024 (Jan 1, 2024 – Dec 31, 2024), filed Oct 6, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $24.4 million went into the plan in contributions, $6.16 million of it from the employer (25%).
  • $14.6 million was paid out to participants.
  • Investment and other income added $32.7 million.

How the Commonwealth Financial Network 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
20191,123$105.9 million$3.27 million$6.00 million
20201,021$130.8 million$3.24 million$8.19 million
20211,087$163.5 million$3.59 million$5.22 million
20221,237$145.3 million$4.51 million$7.42 million
20231,360$195.6 million$5.76 million$8.85 million
20241,480$238.3 million$6.16 million$14.6 million

Commonwealth Financial Network 401(k) Contact Information

Phone
781-663-9660
Mailing address
29 SAWYER RD., WALTHAM MA 02453
Plan sponsor
COMMONWEALTH FINANCIAL NETWORK
Employer identification number (EIN)
04-2675571
Plan number
002

Questions about the Commonwealth Financial Network 401(k)

Does Commonwealth Financial Network contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $6.16 million, 25% of all contributions.

Does the Commonwealth Financial Network 401(k) have automatic enrollment?

No. The plan does not report automatic enrollment; employees enroll themselves.

How many people are in the Commonwealth Financial Network 401(k) plan?

1,480 participants at the start of plan year 2024, 1,271 of them active employees, and 298 former employees who still had money in the plan.

What is the average 401(k) balance at Commonwealth Financial Network?

About $154,510 per account: $238.3 million in plan assets across 1,542 accounts with a balance at the end of plan year 2024.

Who manages the Commonwealth Financial Network 401(k) accounts?

Fidelity NetBenefits (listed on the filing as FIDELITY INVESTMENTS INSTITUTIONAL) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Commonwealth Financial Network. How do I access my 401(k)?

Your account stays with Fidelity NetBenefits after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.

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