Eastern Bank 401(k) Plan: Login, Facts & Contact Information

Eastern Bank 401(k) Plan Facts

Plan name
EASTERN BANK 401(K) PLAN
Plan type
401(k) with employer contributions
Plan sponsor
EASTERN BANK
Participants
2,739 (1,950 active employees)
Former employees with a balance
630
Plan assets
$343,618,912 at Dec 31, 2024
Average account balance
$130,011 across 2,643 accounts
Employer contributions
$4,931,203 in plan year 2024 (14% of all contributions)
Recordkeeper
Empower Annuity Insurance Company O
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Jan 1, 1992
✓ 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 Jun 26, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $35.4 million went into the plan in contributions, $4.93 million of it from the employer (14%).
  • $66.9 million was paid out to participants.
  • Investment and other income added $48.1 million.
  • Administrative expenses were $319,602, about $121 per account.

How the Eastern Bank 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
20191,965$232.6 million$3.82 million$25.8 million
20202,309$292.7 million$4.36 million$18.6 million
20212,337$347.4 million$4.62 million$16.7 million
20223,228$295.6 million$5.08 million$24.5 million
20232,697$327.2 million$5.18 million$25.3 million
20242,739$343.6 million$4.93 million$66.9 million

Eastern Bank 401(k) Contact Information

Phone
781-598-7590
Mailing address
125 HIGH STREET, BOSTON MA 02110
Plan sponsor
EASTERN BANK
Employer identification number (EIN)
04-3067724
Plan number
002

Questions about the Eastern Bank 401(k)

Does Eastern Bank contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $4.93 million, 14% of all contributions.

Does the Eastern Bank 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Eastern Bank 401(k) plan?

2,739 participants at the start of plan year 2024, 1,950 of them active employees, and 630 former employees who still had money in the plan.

What is the average 401(k) balance at Eastern Bank?

About $130,011 per account: $343.6 million in plan assets across 2,643 accounts with a balance at the end of plan year 2024.

Who manages the Eastern Bank 401(k) accounts?

Empower (listed on the filing as EMPOWER ANNUITY INSURANCE COMPANY O) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Eastern Bank. How do I access my 401(k)?

Your account stays with Empower 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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