ESOP · DOL Form 5500 · 2023
Western New England Bancorp, Inc. ESOP
Data updated 2026-08-25
- $15M
- Total assets Small plan by assets
- 263
- Participants Below avg headcount
- 67th
- Percentile by assets National rank
- $57,386
- Avg per participant Low balance/head
Official DOL plan name: Employee Stock Ownership Plan of Westfield Financial, Inc. · Sponsored by Western New England Bancorp, Inc. · Massachusetts · Finance & Insurance
$15M in assets, 263 participants
Western New England Bancorp, Inc.'s Employee Stock Ownership Plan of Westfield Financial, Inc. reported $15M in total assets and 263 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.
- #4,650 in Finance & Insurance (8,869 peers)
Coverage in Massachusetts
Employee Stock Ownership Plan of Westfield Financial, Inc. covers 263 participants in Massachusetts, about 40% of the average Massachusetts filer (state average ~659 per filing). Assets: $15M.
- #4,650
- in Finance & Insurance (8,869 peers)
- -6.5%
- assets change YoY
The plan reported a net loss of $403K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
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 2023 · DOL Form 5500
$15,092,556 Top 33% higher than 67% of 127,068 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023
Employee Stock Ownership Plan of Westfield Financial, Inc. 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. Employee Stock Ownership Plan of Westfield Financial, Inc. sits mid-pack in the medium band (263 participants).
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Employee Stock Ownership Plan of Westfield Financial, Inc. reported net income fell from $1M in the plan year 2022 filing to -$403K in the plan year 2023 filing.
- Employee Stock Ownership Plan of Westfield Financial, Inc. end-of-year assets fell from $16M in the plan year 2022 filing to $15M in the plan year 2023 filing.
- Employee Stock Ownership Plan of Westfield Financial, Inc. reported participants fell from 267 in the plan year 2022 filing to 263 in the plan year 2023 filing.
Published 5500 schedule card
Filing strip 731627673 · Western New England Bancorp, Inc. PY 2023 · ESOP
Employee Stock Ownership Plan of Westfield Financial, Inc. · $15M · 263 · 67th
- BOOK $15M
- VS-ST 263
- BOY 67th
- SCH ESOP
- EBSA near Premier Bank 401(k) Employee Stock Ownership Plan
- PART ind #4650
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
Massachusetts filing particulars
| Total Assets (Beginning of Year) | $16M |
|---|---|
| Net Assets (End of Year) | $12M |
| Net Income | -$403K |
| Employer EIN | 731627673 |
| Plan Effective Date | 2002-01-01 |
| Filing Status | FILING 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
| 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.
- Consigli Building Group Employee Stock Ownership Plan $612M · 1,511
- The Gillette Company Employee Stock Ownership Plan $349M · 174
- Shawmut Group Employee Stock Ownership Plan $274M · 716
- First Amended and Restated Creative Financial Staffing, Inc. Employee Stock Ownership Plan $245M · 641
- Eastern Bank Employee Stock Ownership Plan $213M · 1,778
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 Premier Bank 401(k) Employee Stock Ownership Plan in IA ($15M); by covered participants it is Imperial Brown, Inc. Employee Stock Ownership Plan in OR (263 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($15M here).
- Premier Bank 401(k) Employee Stock Ownership Plan (IA) $15M · 37
- Brewer & Company of West Virginia, Inc. Employee Stock Ownership Plan (WV) $15M · 50
- Indiana Professional Management Group, Inc. Employee Stock Ownership Plan (IN) $15M · 343
- Absher Holding Co. Employee Stock Ownership Plan (WA) $15M · 176
Similar participant headcount
Nearest other-state filings by covered participants (263 participants); asset peers above are excluded.
- Imperial Brown, Inc. Employee Stock Ownership Plan (OR) 263 · 0 off
- Mcaninch Holding Company Employee Stock Ownership Plan (IA) 263 · 0 off
- Primera Engineers ESOP Plan (IL) 263 · 0 off
- Synergi Employee Stock Ownership Plan (SC) 263 · 0 off
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.