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Sponsor portfolioTH

NEEDHAM BANK

EIN 84-3556185-banking-Latest filing 2025
Plans
8
Retirement
3
$135.0M assets
Welfare
5
$570K premiums
Participants
1,197
1063 GREAT PLAIN AVE - NEEDHAM, MA 024922302781-474-5882needhambank.comLinkedIn51-200 employeesbanking
Plans on this EIN
8 filings
#003401k-$69.0M - 491 part#002ESOP-$61.8M - 287 part#004TraditionalDB-$4.1M - 45 part#502Fully Insured-$281K - 0 lives#501Fully Insured-$236K - 374 lives#508Fully Insured-$53K - 278 lives#505Self Funded-0 lives#506Self Funded-0 lives

Retirement portfolio analytics

3 plans aggregated / $135.0M assets / 823 participants

Assets by plan

Share of aggregate retirement assets

51%top
  • NEEDHAM BANK 401(K) (#003)51%
  • EMPLOYEE STOCK OWNERSHIP (#002)46%
  • DEFINED BENEFIT PLAN (#004)3%
Total $135.0MClick slice to drill in

Participants by plan

Active + retired + deferred vested

  • NEEDHAM BANK 401(K) (#003)491
  • EMPLOYEE STOCK OWNERSHIP (#002)287
  • DEFINED BENEFIT PLAN (#004)45
Total 823Click row to drill in

Benefits portfolio analytics

5 plans / $570K premiums / 652 covered lives

Coverage by line

Premium dollars by benefit type (bundled lines overlap)

  • Other$517K
  • Life$227K
  • Long-term disability$205K
  • Vision$53K
  • Short-term disability$8K
Total $570K5 rows

Carrier market share

Premium dollars by Schedule A carrier

Multi-vendor
90%top
  • UNUM LIFE INSURANCE COMPANY OF AMERICA90%
  • VISION SERVICE PLAN9%
  • HARTFORD LIFE AND ACCIDENT1%
Total $570K3 slices

Broker market share

Schedule A broker compensation

Split broker
61%top
  • HILB GROUP OF NEW ENGLAND61%
  • NEESENROLL28%
  • MASS FNCL SVCS INS AGCY INC8%
  • COLGATE BENEFITS INC1%
  • INDIGO INSURANCE SERVICES1%
  • +3 more
Total $44K8 slices

Plan deep-dives

Per-plan teasers. The full analytics (fees vs peers, audit grade, trajectory, counterparties) live on each plan detail page.
Retirement#003

NEEDHAM BANK 401(K) PLAN

401k

Assets$69.0M
Participants491
Inside the deep dive
Fees vs peersAudit gradeAsset trajectoryContributionsSch C providers
Open plan deep dive
Retirement#002

NEEDHAM BANK EMPLOYEE STOCK OWNERSHIP PLAN

ESOP

Assets$61.8M
Participants287
Inside the deep dive
Fees vs peersAudit gradeAsset trajectoryContributionsSch C providers
Open plan deep dive
Retirement#004

NEEDHAM BANK DEFINED BENEFIT PLAN

TraditionalDB

Assets$4.1M
Participants45
Inside the deep dive
Fees vs peersAudit gradeAsset trajectoryContributionsSch C providers
Open plan deep dive
Welfare#502

NEEDHAM BANK PFML PLAN

Fully Insured - UNUM INSURANCE COMPANY

Premiums$281K
Covered lives0
Inside the deep dive
Premium breakdownCarriersBrokersCoverage stats
Open plan deep dive
Welfare#501

NEEDHAM BANK GROUP ACCIDENTAL DEATH & DISMEMBERMENT AND LONG TERM DISABILITY PLAN

Fully Insured - UNUM LIFE INSURANCE COMPANY OF AMERICA

Premiums$236K
Covered lives374
Inside the deep dive
Premium breakdownCarriersBrokersCoverage stats
Open plan deep dive
Welfare#508

NEEDHAM BANK VISION SERVICE PLAN

Fully Insured - VISION SERVICE PLAN

Premiums$53K
Covered lives278
Inside the deep dive
Premium breakdownCarriersBrokersCoverage stats
Open plan deep dive
Welfare#505

NEEDHAM BANK HEALTH REIMBURSEMENT ARRANGEMENT PLAN

Self Funded

Premiums$0
Covered lives0
Inside the deep dive
Premium breakdownCarriersBrokersCoverage stats
Open plan deep dive
Welfare#506

NEEDHAM BANK FLEXIBLE SPENDING PLAN

Self Funded

Premiums$0
Covered lives0
Inside the deep dive
Premium breakdownCarriersBrokersCoverage stats
Open plan deep dive

Retirement plans3

Plan #NameTypeAssetsParticipantsLatest year
003NEEDHAM BANK 401(K) PLAN401k$69.0M4912025
002NEEDHAM BANK EMPLOYEE STOCK OWNERSHIP PLANESOP$61.8M2872024
004NEEDHAM BANK DEFINED BENEFIT PLANTraditionalDB$4.1M452024

Welfare plans5

Plan #NameFundingCarrierPremiumsCoveredLatest year
502NEEDHAM BANK PFML PLANFully InsuredUNUM INSURANCE COMPANY$281K02025
501NEEDHAM BANK GROUP ACCIDENTAL DEATH & DISMEMBERMENT AND LONG TERM DISABILITY PLANFully InsuredUNUM LIFE INSURANCE COMPANY OF AMERICA$236K3742025
508NEEDHAM BANK VISION SERVICE PLANFully InsuredVISION SERVICE PLAN$53K2782025
505NEEDHAM BANK HEALTH REIMBURSEMENT ARRANGEMENT PLANSelf Funded-$002025
506NEEDHAM BANK FLEXIBLE SPENDING PLANSelf Funded-$002025
Retirement plans
Welfare plans
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