ESOP · DOL Form 5500 · 2022

Western New England Bancorp, Inc. ESOP

Data updated 2026-08-25

$16M
Total assets Small plan by assets
267
Participants Below avg headcount
74th
Percentile by assets National rank
$60,480
Avg per participant Low balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Employee Stock Ownership Plan of Westfield Financial, Inc. · Sponsored by Western New England Bancorp, Inc. · Massachusetts · Finance & Insurance

$16M in assets, 267 participants

Western New England Bancorp, Inc.'s Employee Stock Ownership Plan of Westfield Financial, Inc. reported $16M in total assets and 267 participants in its 2022 DOL Form 5500 filing, ranking in the 74th 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.

  • #5,480 in Finance & Insurance (9,261 peers)

Coverage in Massachusetts

Employee Stock Ownership Plan of Westfield Financial, Inc. covers 267 participants in Massachusetts, about 41% of the average Massachusetts filer (state average ~659 per filing). Assets: $16M.

#5,480
in Finance & Insurance (9,261 peers)
+3.1%
assets growth YoY

Employee Stock Ownership Plan of Westfield Financial, Inc.'s outsized position by total assets

Employee Stock Ownership Plan of Westfield Financial, Inc. vs every filed plan by assets

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

$16,148,035 Top 26% higher than 74% 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

Employee Stock Ownership Plan of Westfield Financial, Inc. among mid-size filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Employee Stock Ownership Plan of Westfield Financial, Inc. sits mid-pack in the medium band (267 participants).

EBSA filing schedule strip

Filing strip 731627673 · Western New England Bancorp, Inc. PY 2022 · ESOP

Employee Stock Ownership Plan of Westfield Financial, Inc. · $16M · 267 · 74th

  • VS-ST $16M
  • BOY 267
  • SCH 74th
  • EBSA ESOP
  • PART near Vinyl Technology, Inc. Employee Stock Ownership Plan
  • TYPE ind #5480

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 →

Employee Stock Ownership Plan of Westfield Financial, Inc. in the asset neighbourhood

Employee Stock Ownership Plan of Westfield Financial, Inc.Employee Stock Ownership Pla…$16MVinyl Technology, Inc. Employee Stock Ownership PlanVinyl Technology, Inc. Emplo…$16MGateside, Inc Employee Stock Ownership PlanGateside, Inc Employee Stock…$16MPrisoner Transportation Services, Inc Employee Stock Ownership PlanPrisoner Transportation Serv…$16MCrafton, Tull & Associates, Inc . Employee Stock Ownership PlanCrafton, Tull & Associates, …$16M
End-of-year total assets ($M) among Employee Stock Ownership Plan of Westfield Financial, Inc. and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2022.

Massachusetts filing particulars

Total Assets (Beginning of Year)$16M
Net Assets (End of Year)$12M
Net Income$1M
Employer EIN731627673
Plan Effective Date2002-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Western New England Bancorp, Inc.)

Sponsor-wide plan assets over time

All Western New England Bancorp, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$15M 8.782820943848586% vs 2022
2024 filing year
$14.5M$15M$15.5M$16M$16.5M 202220232024 $16.2M $14.7M ▼ -8.8%
Year Plans Participants Total Assets
2022 1 267 $16M
2023 1 263 $15M
2024 1 273 $15M

Nearby ESOP Plans in Massachusetts

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

Employee Stock Ownership Plan of Westfield Financial, Inc. vs. nearby ESOP plans in Massachusetts, assets vs. participants Scatter plot of 6 data points. 050010001500200025003000 -2000200400600 Total assets ($M) Participants Employee Stock Ownership Plan of Westfield Financial, Inc., Total assets ($M): 16.148035 · Participants: 267Employee Stock Ownership Plan of Westfield Financial, Inc.Consigli 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 PlanEastern Bank Employee Stock Ownership Plan, Total assets ($M): 258.836117 · Participants: 1646Eastern Bank Employee Stock Ownership Plan
Employee Stock Ownership Plan of Westfield Financial, Inc. vs. nearby ESOP plans in Massachusetts, assets vs. participants
Compare Employee Stock Ownership Plan of Westfield Financial, Inc. side-by-side with 3 peers →

Employee Stock Ownership Plan of Westfield Financial, Inc.'s out-of-state ESOP peers by assets and headcount

Outside Massachusetts, the nearest ESOP by assets is Vinyl Technology, Inc. Employee Stock Ownership Plan in CA ($16M); by covered participants it is Dlc Resources, Inc. Employee Stock Ownership Plan in AZ (267 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (267 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 Employee Stock Ownership Plan of Westfield Financial, Inc. assets move in 2022? ▼
Employee Stock Ownership Plan of Westfield Financial, Inc. edged up modestly - up 3.1% during 2022, from $16M to $16M. Reported net income was $1M.
How have Western New England Bancorp, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Western New England Bancorp, Inc.'s sponsor-wide assets declined 8.8%, from $16M to $15M.
Which ESOP plans are similar in size to Employee Stock Ownership Plan of Westfield Financial, Inc.? ▼
Among ESOP plans in other states, the closest by assets is Vinyl Technology, Inc. Employee Stock Ownership Plan in CA ($16M, 176 participants).
Which ESOP plans cover a similar participant headcount to Employee Stock Ownership Plan of Westfield Financial, Inc.? ▼
Among ESOP plans in other states, the closest by covered participants is Dlc Resources, Inc. Employee Stock Ownership Plan in AZ (267 participants, $16M 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 731627673.

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.