Leader Bank401(k)
LEADER BANK 401K PLAN · ARLINGTON, MA · plan year 2024
Leader Bank's 2024 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $62,572,448 across 407 participant accounts, with employer contributions averaging $1,533 per active participant. See methodology for what Form 5500 does and doesn't capture.
The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other finance & insurance employers. By assets it is the 594th-largest of 2,726 plans among Massachusetts employers on file, and the 1,411th of 4,798 in finance & insurance. In 2024, employees put in $5.88 for every $1.00 the employer contributed; active participation has grown from 377 to 419 since 2022.
Leader Bank's 2024 employer contribution ran below the $3,635 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
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Source: U.S. Department of Labor, Form 5500 series, EIN 043557920 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.