ESOP · DOL Form 5500 · 2022
Eastern Bank ESOP
Data updated 2026-08-11
- $259M
- Total assets
- 1,646
- Participants
- 96th
- Percentile by assets
- $157,252
- Avg per participant
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.
- 96th percentile by assets (of 139,126 plans)
- #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.
- $259M
- total plan assets (2022 EOY)
- 1,646
- covered participants
- 96th
- percentile by assets (of 139,126 plans)
- $157,252
- avg assets per participant
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.
Participants vs Massachusetts filers
In Massachusetts, the average filing covers about 659 participants across 4,265 plans. Eastern Bank Employee Stock Ownership Plan reports 1,646 participants - 2.5x that state average ($259M EOY assets).
Massachusetts filing particulars
| Total Assets (Beginning of Year) | $302M |
|---|---|
| Net Assets (End of Year) | $116M |
| Net Income | -$40M |
| Employer EIN | 043067724 |
| Plan Effective Date | 2020-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Eastern Bank)
| 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
- Consigli Building Group Employee Stock Ownership Plan $495M · 1,315
- The Gillette Company Employee Stock Ownership Plan $381M · 193
- Abt Associates Inc. Employees Stock Ownership Plan $312M · 2,426
- New England Biolabs, Inc. Voting Stock Ownership Plan $272M · 386
- Shawmut Group Employee Stock Ownership Plan $234M · 690
Similar-Sized ESOP Plans Nationally
ESOP plans in other states closest to Eastern Bank Employee Stock Ownership Plan by total assets, not by location.
- Golden Hippo Employee Stock Ownership Plan (CA) $259M · 737
- Iec Corporation Employee Stock Ownership Plan (CA) $259M · 1,222
- Trachte Building Systems Employee Stock Ownership Plan (WI) $258M · 210
- Bi-Mart Corporation Employee Stock Ownership Plan (OR) $259M · 1,947
Frequently Asked Questions
How did Eastern Bank Employee Stock Ownership Plan assets move in 2022? ▼
How have Eastern Bank plan assets changed over time? ▼
Where does Eastern Bank Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
Which ESOP plans are similar in size to Eastern Bank Employee Stock Ownership Plan? ▼
Next read for Eastern Bank Employee Stock Ownership Pl…
Filing takeaways
Ways to act on Eastern Bank Employee Stock Ownership Plan's numbers.
- By total assets, Eastern Bank Employee Stock Ownership Plan ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar ESOP plans in Massachusetts. Compare plans
- Eastern Bank's sponsor-wide assets have declined 3.0% since 2022 across 3 plan years on file. More Finance & Insurance plans