ESOP · DOL Form 5500 · 2023

BANKPROV ESOP

Data updated 2026-08-25

$15M
Total assets Small plan by assets
206
Participants Below avg headcount
67th
Percentile by assets National rank
$71,266
Avg per participant Below avg balance/head
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Official DOL plan name: Bankprov Employee Stock Ownership Plan · Sponsored by BANKPROV · Massachusetts · Finance & Insurance

$15M in assets, 206 participants

BANKPROV's Bankprov Employee Stock Ownership Plan reported $15M in total assets and 206 participants in its 2023 DOL Form 5500 filing, ranking in the 67th 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.

  • #4,599 in Finance & Insurance (8,869 peers)

Coverage in Massachusetts

Bankprov Employee Stock Ownership Plan covers 206 participants in Massachusetts, about 31% of the average Massachusetts filer (state average ~659 per filing). Assets: $15M.

#4,599
in Finance & Insurance (8,869 peers)
+34.1%
assets growth YoY

Bankprov Employee Stock Ownership Plan's outsized position by total assets

Bankprov Employee Stock Ownership Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$14,680,772 Top 33% higher than 67% of 127,068 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 2023

Bankprov Employee Stock Ownership Plan among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Bankprov Employee Stock Ownership Plan sits mid-pack in the medium band (206 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Bankprov Employee Stock Ownership Plan reported net income rose from -$17M in the plan year 2022 filing to $4M in the plan year 2023 filing.
  • Bankprov Employee Stock Ownership Plan end-of-year assets rose from $11M in the plan year 2022 filing to $15M in the plan year 2023 filing.
  • Bankprov Employee Stock Ownership Plan reported participants rose from 179 in the plan year 2022 filing to 206 in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 043497377 · BANKPROV PY 2023 · ESOP

Bankprov Employee Stock Ownership Plan · $15M · 206 · 67th

  • PHOTO $15M
  • IND 206
  • EOY 67th
  • 5500 ESOP
  • ASSETS near The Chicago Lumber Company of Omaha Employee Stock Ownership Plan and Trust
  • PCT ind #4599

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 →

Bankprov Employee Stock Ownership Plan in the asset neighbourhood

Precision Metal Industries, Inc. ESOP 2012Precision Metal Industries, …$15MBankprov Employee Stock Ownership PlanBankprov Employee Stock Owne…$15MThe Chicago Lumber Company of Omaha Employee Stock Ownership Plan and TrustThe Chicago Lumber Company o…$15MAbs Med, Inc. Employee Stock Ownership PlanAbs Med, Inc. Employee Stock…$15MHardman Construction, Inc. Employee Stock Ownership PlanHardman Construction, Inc. E…$15M
End-of-year total assets ($M) among Bankprov Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

Massachusetts filing particulars

Total Assets (Beginning of Year)$11M
Net Assets (End of Year)$7M
Net Income$4M
Employer EIN043497377
Plan Effective Date2015-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (BANKPROV)

Sponsor-wide plan assets over time

All BANKPROV plans reported in each filing year

Latest sponsor-wide plan assets
$42M 36.194741381921105% vs 2022
2024 filing year
$25M$30M$35M$40M$45M 202220232024 $30.8M $42M ▲ +36.2%
Year Plans Participants Total Assets
2022 2 357 $31M
2023 2 410 $40M
2024 2 390 $42M

Nearby ESOP Plans in Massachusetts

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

Bankprov Employee Stock Ownership Plan vs. nearby ESOP plans in Massachusetts, assets vs. participants Scatter plot of 6 data points. 0500100015002000 -2000200400600800 Total assets ($M) Participants Bankprov Employee Stock Ownership Plan, Total assets ($M): 14.680772 · Participants: 206Bankprov Employee Stock Ownership PlanConsigli Building Group Employee Stock Ownership Plan, Total assets ($M): 611.879597 · Participants: 1511Consigli Building Group Employee Stock Ownership PlanThe Gillette Company Employee Stock Ownership Plan, Total assets ($M): 349.164775 · Participants: 174The Gillette Company Employee Stock Ownership PlanShawmut Group Employee Stock Ownership Plan, Total assets ($M): 274.195602 · Participants: 716Shawmut Group Employee Stock Ownership PlanFirst Amended and Restated Creative Financial Staffing, Inc. Employee Stock Ownership Plan, Total assets ($M): 244.511447 · Participants: 641First Amended and Restated Creative Financial Staffing, Inc. Employee Stock Ownership PlanEastern Bank Employee Stock Ownership Plan, Total assets ($M): 213.345202 · Participants: 1778Eastern Bank Employee Stock Ownership Plan
Bankprov Employee Stock Ownership Plan vs. nearby ESOP plans in Massachusetts, assets vs. participants
Compare Bankprov Employee Stock Ownership Plan side-by-side with 3 peers →

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

Outside Massachusetts, the nearest ESOP by assets is The Chicago Lumber Company of Omaha Employee Stock Ownership Plan and Trust in NE ($15M); by covered participants it is Boudreau Pipeline Employee Stock Ownership Plan in CA (206 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (206 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Bankprov Employee Stock Ownership Plan assets move in 2023? ▼
Bankprov Employee Stock Ownership Plan surged - up 34.1% during 2023, from $11M to $15M. Reported net income was $4M.
How have BANKPROV plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), BANKPROV's sponsor-wide assets grew 36.2%, from $31M to $42M.
Which ESOP plans are similar in size to Bankprov Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is The Chicago Lumber Company of Omaha Employee Stock Ownership Plan and Trust in NE ($15M, 66 participants).
Which ESOP plans cover a similar participant headcount to Bankprov Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Boudreau Pipeline Employee Stock Ownership Plan in CA (206 participants, $3M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 043497377.

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.