401(k) · DOL Form 5500 · 2022

The Andover Companies 401(k) Plan

Data updated 2026-08-11

$57M
Total assets
218
Participants
89th
Percentile by assets
$259,255
Avg per participant
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Official DOL plan name: The Andover Companies Employee's Savings & Profit · Sponsored by The Andover Companies · Massachusetts · Finance & Insurance

$57M in assets, 218 participants

The Andover Companies's The Andover Companies Employee's Savings & Profit reported $57M in total assets and 218 participants in its 2022 DOL Form 5500 filing, ranking in the 89th 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.

  • 89th percentile by assets (of 139,126 plans)
  • #7,620 in Finance & Insurance (9,261 peers)

Coverage in Massachusetts

The Andover Companies Employee's Savings & Profit covers 218 participants in Massachusetts, about 33% of the average Massachusetts filer (state average ~659 per filing). Assets: $57M.

$57M
total plan assets (2022 EOY)
218
covered participants
89th
percentile by assets (of 139,126 plans)
$259,255
avg assets per participant

The plan reported a net loss of $9M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Where The Andover Companies Employee's Savings & Profit sits by total assets

The Andover Companies Employee's Savings & Profit vs every filed plan by assets

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

$56,517,686 Top 11% higher than 89% of 139,123 filed plans

This plan $0 $2,010,000,000 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

State
Massachusetts
Industry
Finance & Insurance

Participants vs Massachusetts filers

In Massachusetts, the average filing covers about 659 participants across 4,265 plans. The Andover Companies Employee's Savings & Profit reports 218 participants - about 33% of that state average ($57M EOY assets).

Massachusetts filing particulars

Total Assets (Beginning of Year)$65M
Net Assets (End of Year)$57M
Net Income-$9M
Employer EIN041614490
Plan Effective Date1963-04-25
Filing StatusFILING RECEIVED

Sponsor Plan History (The Andover Companies)

$400M$450M$500M$550M$600M 202220232024 $421M $540M ▲ +28.1%
Total plan assets by year, all The Andover Companies plans on file
Year Plans Participants Total Assets
2022 2 456 $421M
2023 2 524 $460M
2024 2 601 $540M

Nearby 401(k) Plans in Massachusetts

Peer 401(k) plans, same state, same plan type, ranked by total assets.

The Andover Companies Employee's Savings & Profit vs. nearby 401(k) plans in Massachusetts, assets vs. participants Scatter plot of 6 data points. -200000200004000060000 -100102030 Total assets ($B) Participants The Andover Companie…, Total assets ($B): 0.056517686 · Participants: 218The Andover Companie…Fidelity Retirement …, Total assets ($B): 22.953563448 · Participants: 52036Fidelity Retirement …Liberty Mutual 401(k…, Total assets ($B): 8.79802945 · Participants: 32843Liberty Mutual 401(k…Massachusetts Instit…, Total assets ($B): 5.810585521 · Participants: 13690Massachusetts Instit…Philips North Americ…, Total assets ($B): 5.180251859 · Participants: 19750Philips North Americ…Boston Scientific Co…, Total assets ($B): 4.853752256 · Participants: 18359Boston Scientific Co…
The Andover Companies Employee's Savings & Profit vs. nearby 401(k) plans in Massachusetts, assets vs. participants
Compare The Andover Companies Employee's Savings… side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to The Andover Companies Employee's Savings & Profit by total assets, not by location.

Frequently Asked Questions

How did The Andover Companies Employee's Savings & Profit assets move in 2022? ▼
The Andover Companies Employee's Savings & Profit pulled back noticeably - down 13.4% during 2022, from $65M to $57M. Reported net income was -$9M.
How have The Andover Companies plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), The Andover Companies's sponsor-wide assets grew 28.1%, from $421M to $540M.
Where does The Andover Companies Employee's Savings & Profit rank by assets among Form 5500 filers? ▼
The Andover Companies Employee's Savings & Profit ranks in the 89th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to The Andover Companies Employee's Savings & Profit? ▼
Among 401(k) plans in other states, the closest by assets is Kendall Automotive Group Employees' Retirement Plan in ID ($57M, 1,756 participants).

Next read for The Andover Companies Employee's Savings…

Filing takeaways

Ways to act on The Andover Companies Employee's Savings & Profit's numbers.

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 041614490.

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.