ESOP · DOL Form 5500 · 2022

Eastern Bank ESOP

Data updated 2026-08-25

$259M
Total assets Near avg plan size
1,646
Participants Near avg headcount
96th
Percentile by assets National rank
$157,252
Avg per participant Above avg balance/head
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Official DOL plan name: Eastern Bank Employee Stock Ownership Plan · Sponsored by Eastern Bank · Massachusetts · Finance & Insurance

$259M in assets, 1,646 participants

Eastern Bank's Eastern Bank Employee Stock Ownership Plan reported $259M in total assets and 1,646 participants in its 2022 DOL Form 5500 filing, ranking in the 96th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #8,688 in Finance & Insurance (9,261 peers)

Coverage in Massachusetts

Eastern Bank Employee Stock Ownership Plan covers 1,646 participants in Massachusetts, 2.5x the typical Massachusetts plan (state average ~659 per filing). Assets: $259M.

#8,688
in Finance & Insurance (9,261 peers)
-14.4%
assets change YoY
2.6×
vs typical plan assets (national mean)

The plan reported a net loss of $40M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Eastern Bank Employee Stock Ownership Plan's outsized position by total assets

Eastern Bank Employee Stock Ownership Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$258,836,117 Top 4% higher than 96% of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

Eastern Bank Employee Stock Ownership Plan's large-plan peer group by participant headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Eastern Bank Employee Stock Ownership Plan lands in the large band (1,646 participants).

DOL schedule card

Filing strip 043067724 · Eastern Bank PY 2022 · ESOP

Eastern Bank Employee Stock Ownership Plan · $259M · 1,646 · 96th

  • EIN $259M
  • RANK 1,646
  • PHOTO 96th
  • IND ESOP
  • EOY near Golden Hippo Employee Stock Ownership Plan
  • 5500 ind #8688

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with What is an ESOP? → · Plans in Massachusetts →

Eastern Bank Employee Stock Ownership Plan in the asset neighbourhood

Bi-Mart Corporation Employee Stock Ownership PlanBi-Mart Corporation Employee…$259MIec Corporation Employee Stock Ownership PlanIec Corporation Employee Sto…$259MEastern Bank Employee Stock Ownership PlanEastern Bank Employee Stock …$259MGolden Hippo Employee Stock Ownership PlanGolden Hippo Employee Stock …$259MTrachte Building Systems Employee Stock Ownership PlanTrachte Building Systems Emp…$258M
End-of-year total assets ($M) among Eastern Bank Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2022.

Massachusetts filing particulars

Total Assets (Beginning of Year)$302M
Net Assets (End of Year)$116M
Net Income-$40M
Employer EIN043067724
Plan Effective Date2020-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Eastern Bank)

Sponsor-wide plan assets over time

All Eastern Bank plans reported in each filing year

Latest sponsor-wide plan assets
$946M 3.0497301683910547% vs 2022
2024 filing year
$0.9B$0.95B$1B$1.05B 202220232024 $0.98B $0.95B ▼ -3.1%
Year Plans Participants Total Assets
2022 4 5,829 $976M
2023 3 5,359 $1.0B
2024 3 3,851 $946M

Nearby ESOP Plans in Massachusetts

Peer ESOP plans, same state, same plan type, ranked by total assets.

Eastern Bank Employee Stock Ownership Plan vs. nearby ESOP plans in Massachusetts, assets vs. participants Scatter plot of 6 data points. 050010001500200025003000 200300400500600 Total assets ($M) Participants Eastern Bank Employee Stock Ownership Plan, Total assets ($M): 258.836117 · Participants: 1646Eastern Bank Employee Stock Ownership PlanConsigli Building Group Employee Stock Ownership Plan, Total assets ($M): 495.023943 · Participants: 1315Consigli Building Group Employee Stock Ownership PlanThe Gillette Company Employee Stock Ownership Plan, Total assets ($M): 380.839397 · Participants: 193The Gillette Company Employee Stock Ownership PlanAbt Associates Inc. Employees Stock Ownership Plan, Total assets ($M): 312.177588 · Participants: 2426Abt Associates Inc. Employees Stock Ownership PlanNew England Biolabs, Inc. Voting Stock Ownership Plan, Total assets ($M): 272.105333 · Participants: 386New England Biolabs, Inc. Voting Stock Ownership PlanShawmut Group Employee Stock Ownership Plan, Total assets ($M): 234.269486 · Participants: 690Shawmut Group Employee Stock Ownership Plan
Eastern Bank Employee Stock Ownership Plan vs. nearby ESOP plans in Massachusetts, assets vs. participants
Compare Eastern Bank Employee Stock Ownership Plan side-by-side with 3 peers →

Eastern Bank Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Massachusetts, the nearest ESOP by assets is Golden Hippo Employee Stock Ownership Plan in CA ($259M); by covered participants it is Crowley Holdings, Inc. Employee Stock Ownership Plan in FL (1,644 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (1,646 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Eastern Bank Employee Stock Ownership Plan assets move in 2022? ▼
Eastern Bank Employee Stock Ownership Plan pulled back noticeably - down 14.4% during 2022, from $302M to $259M. Reported net income was -$40M.
How have Eastern Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Eastern Bank's sponsor-wide assets declined 3.0%, from $976M to $946M.
Where does Eastern Bank Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
Eastern Bank Employee Stock Ownership Plan ranks in the 96th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top 5% of all filed plans by assets).
Which ESOP plans are similar in size to Eastern Bank Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Golden Hippo Employee Stock Ownership Plan in CA ($259M, 737 participants).
Which ESOP plans cover a similar participant headcount to Eastern Bank Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Crowley Holdings, Inc. Employee Stock Ownership Plan in FL (1,644 participants, $26M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 043067724.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.