401(k) · DOL Form 5500 · 2022

The Andover Companies 401(k) Plan

Data updated 2026-08-25

$57M
Total assets Below avg plan size
218
Participants Below avg headcount
89th
Percentile by assets National rank
$259,255
Avg per participant Above avg balance/head
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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.

  • #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.

#7,620
in Finance & Insurance (9,261 peers)
-13.4%
assets change YoY
0.6×
vs typical plan assets (national mean)

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.

The Andover Companies Employee's Savings & Profit's outsized position 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 $2,050,000,000 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

The Andover Companies Employee's Savings & Profit 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. The Andover Companies Employee's Savings & Profit sits mid-pack in the medium band (218 participants).

Plan-year Form 5500 strip

Filing strip 041614490 · The Andover Companies PY 2022 · 401(k)

The Andover Companies Employee's Savings & Profit · $57M · 218 · 89th

  • SCH $57M
  • SCH 218
  • SCH 89th
  • SCH 401(k)
  • SCH near Kendall Automotive Group Employees' Retirement Plan
  • SCH ind #7620

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 Finance & Insurance retirement plans → · Plans in Massachusetts →

The Andover Companies Employee's Savings & Profit in the asset neighbourhood

The Advanced Group of Companies Employee Savings and Retirement PlanThe Advanced Group of Compan…$57MTasc 401(k) Plan$57MThe Andover Companies Employee's Savings & ProfitThe Andover Companies Employ…$57MKendall Automotive Group Employees' Retirement PlanKendall Automotive Group Emp…$57MLenoir Memorial Hospital, Inc. Savings & Protection PlanLenoir Memorial Hospital, In…$57M
End-of-year total assets ($M) among The Andover Companies Employee's Savings & Profit and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

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)

Sponsor-wide plan assets over time

All The Andover Companies plans reported in each filing year

Latest sponsor-wide plan assets
$540M 28.135523096443453% vs 2022
2024 filing year
$400M$450M$500M$550M$600M 202220232024 $421M $540M ▲ +28.1%
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 ($B) Participants The Andover Companies Employee's Savings & Profit, Total assets ($B): 0.056517686 · Participants: 218The Andover Companies Employee's Savings & ProfitFidelity Retirement Savings Plan, Total assets ($B): 22.953563448 · Participants: 52036Fidelity Retirement Savings PlanLiberty Mutual 401(k) Plan, Total assets ($B): 8.79802945 · Participants: 32843Liberty Mutual 401(k) PlanMassachusetts Institute of Technology Supplemental 401(k) Plan, Total assets ($B): 5.810585521 · Participants: 13690Massachusetts Institute of Technology Supplemental 401(k) PlanPhilips North America 401(k) Plan, Total assets ($B): 5.180251859 · Participants: 19750Philips North America 401(k) PlanBoston Scientific Corporation 401(k) Retirement Savings Plan, Total assets ($B): 4.853752256 · Participants: 18359Boston Scientific Corporation 401(k) Retirement Savings Plan
The Andover Companies Employee's Savings & Profit vs. nearby 401(k) plans in Massachusetts, assets vs. participants
Compare The Andover Companies Employee's Savings & Profit side-by-side with 3 peers →

The Andover Companies Employee's Savings & Profit's out-of-state 401(k) peers by assets and headcount

Outside Massachusetts, the nearest 401(k) by assets is Kendall Automotive Group Employees' Retirement Plan in ID ($57M); by covered participants it is Identity Management Services Organization, LLC 401(k) Plan in CA (218 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (218 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 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).
Which 401(k) plans cover a similar participant headcount to The Andover Companies Employee's Savings & Profit? ▼
Among 401(k) plans in other states, the closest by covered participants is Identity Management Services Organization, LLC 401(k) Plan in CA (218 participants, $5M 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 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.