ESOP · DOL Form 5500 · 2023

Carney, Sandoe & Associates, Inc. ESOP

Data updated 2026-08-25

$23M
Total assets Small plan by assets
37
Participants Small participant base
75th
Percentile by assets National rank
$622,380
Avg per participant High balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Carney, Sandoe & Associates Employee Stock Ownership Plan · Sponsored by Carney, Sandoe & Associates, Inc. · Massachusetts · Administrative & Support Services

$23M in assets, 37 participants

Carney, Sandoe & Associates, Inc.'s Carney, Sandoe & Associates Employee Stock Ownership Plan reported $23M in total assets and 37 participants in its 2023 DOL Form 5500 filing, ranking in the 75th 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.

  • #3,815 in Administrative & Support Services (4,372 peers)

Where Carney, Sandoe & Associates Employee Stock Ownership Plan sits by assets

Carney, Sandoe & Associates Employee Stock Ownership Plan sits in the top quartile of all filed plans by assets, $23M for 37 participants (~$622,380/participant), down 13.2% in 2023.

#3,815
in Administrative & Support Services (4,372 peers)
-13.2%
assets change YoY
0.2×
vs typical plan assets (national mean)

The plan reported a net loss of $3M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Carney, Sandoe & Associates Employee Stock Ownership Plan's outsized position by total assets

Carney, Sandoe & Associates Employee Stock Ownership Plan vs every filed plan by assets

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

$23,028,057 Top 25% higher than 75% 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

Carney, Sandoe & Associates Employee Stock Ownership Plan among smaller filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Carney, Sandoe & Associates Employee Stock Ownership Plan is a small filing (37 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Carney, Sandoe & Associates Employee Stock Ownership Plan reported net income fell from $400K in the plan year 2022 filing to -$3M in the plan year 2023 filing.
  • Carney, Sandoe & Associates Employee Stock Ownership Plan reported participants rose from 29 in the plan year 2022 filing to 37 in the plan year 2023 filing.
  • Carney, Sandoe & Associates Employee Stock Ownership Plan end-of-year assets fell from $27M in the plan year 2022 filing to $23M in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 043401502 · Carney, Sandoe & Associates, Inc. PY 2023 · ESOP

Carney, Sandoe & Associates Employee Stock Ownership Plan · $23M · 37 · 75th

  • PCT $23M
  • PCT 37
  • PCT 75th
  • PCT ESOP
  • PCT near Home Bancorp, Inc. Employee Stock Ownership Plan
  • PCT ind #3815

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 →

Carney, Sandoe & Associates Employee Stock Ownership Plan in the asset neighbourhood

Commercial Sheetmetal Co., Inc. Employee Stock Ownership PlanCommercial Sheetmetal Co., I…$23MHome Bancorp, Inc. Employee Stock Ownership PlanHome Bancorp, Inc. Employee …$23MCarney, Sandoe & Associates Employee Stock Ownership PlanCarney, Sandoe & Associates …$23MEagle Metal Employee Stock Ownership PlanEagle Metal Employee Stock O…$23MR.C. Moore, Inc. Employee Stock Ownership PlanR.C. Moore, Inc. Employee St…$23M
End-of-year total assets ($M) among Carney, Sandoe & Associates Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$27M
Net Assets (End of Year)$23M
Net Income-$3M
Employer EIN043401502
Plan Effective Date2013-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Carney, Sandoe & Associates, Inc.)

Sponsor-wide plan assets over time

All Carney, Sandoe & Associates, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$22M 18.492079615280087% vs 2022
2024 filing year
$20M$22M$24M$26M$28M 202220232024 $26.5M $21.6M ▼ -18.5%
Year Plans Participants Total Assets
2022 1 29 $27M
2023 1 37 $23M
2024 1 36 $22M

Nearby ESOP Plans in Massachusetts

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

Carney, Sandoe & Associates Employee Stock Ownership Plan vs. nearby ESOP plans in Massachusetts, assets vs. participants Scatter plot of 6 data points. -5000500100015002000 -2000200400600800 Total assets ($M) Participants Carney, Sandoe & Associates Employee Stock Ownership Plan, Total assets ($M): 23.028057 · Participants: 37Carney, Sandoe & Associates 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
Carney, Sandoe & Associates Employee Stock Ownership Plan vs. nearby ESOP plans in Massachusetts, assets vs. participants
Compare Carney, Sandoe & Associates Employee Stock Ownership Plan side-by-side with 3 peers →

Carney, Sandoe & Associates Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Massachusetts, the nearest ESOP by assets is Home Bancorp, Inc. Employee Stock Ownership Plan in LA ($23M); by covered participants it is Alexander Clark, Inc. Employee Stock Ownership Plan and Trust in ID (37 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (37 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 Carney, Sandoe & Associates Employee Stock Ownership Plan assets move in 2023? ▼
Carney, Sandoe & Associates Employee Stock Ownership Plan pulled back noticeably - down 13.2% during 2023, from $27M to $23M. Reported net income was -$3M.
How have Carney, Sandoe & Associates, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Carney, Sandoe & Associates, Inc.'s sponsor-wide assets declined 18.5%, from $27M to $22M.
Where does Carney, Sandoe & Associates Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
Carney, Sandoe & Associates Employee Stock Ownership Plan ranks in the 75th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which ESOP plans are similar in size to Carney, Sandoe & Associates Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Home Bancorp, Inc. Employee Stock Ownership Plan in LA ($23M, 443 participants).
Which ESOP plans cover a similar participant headcount to Carney, Sandoe & Associates Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Alexander Clark, Inc. Employee Stock Ownership Plan and Trust in ID (37 participants, $4M 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 043401502.

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.