ESOP · DOL Form 5500 · 2023
Carney, Sandoe & Associates, Inc. ESOP
Data updated 2026-08-11
- $23M
- Total assets
- 37
- Participants
- 75th
- Percentile by assets
- $622,380
- Avg per participant
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.
- 75th percentile by assets (of 127,072 plans)
- #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.
- $23M
- total plan assets (2023 EOY)
- 37
- covered participants
- 75th
- percentile by assets (of 127,072 plans)
- $622,380
- avg assets per participant
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.
Where Carney, Sandoe & Associates Employee Stock Ownership Plan sits 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
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023
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.
Carney, Sandoe & Associates Employee Stock Ownership Plan vs the 2023 asset distribution
By assets, Carney, Sandoe & Associates Employee Stock Ownership Plan outranks 75% of the 127,072 plans that filed a Form 5500 for the 2023 plan year, and holds roughly 0.2x the national average plan size of $100M (721 average participants).
Scale-class filing particulars (2023)
| Total Assets (Beginning of Year) | $27M |
|---|---|
| Net Assets (End of Year) | $23M |
| Net Income | -$3M |
| Employer EIN | 043401502 |
| Plan Effective Date | 2013-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Carney, Sandoe & Associates, Inc.)
| 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
- 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
Similar-Sized ESOP Plans Nationally
ESOP plans in other states closest to Carney, Sandoe & Associates Employee Stock Ownership Plan by total assets, not by location.
Frequently Asked Questions
How did Carney, Sandoe & Associates Employee Stock Ownership Plan assets move in 2023? ▼
How have Carney, Sandoe & Associates, Inc. plan assets changed over time? ▼
Where does Carney, Sandoe & Associates Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
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Ways to act on Carney, Sandoe & Associates Employee Stock Ownership Plan's numbers.
- By total assets, Carney, Sandoe & Associates Employee Stock Ownership Plan ranks in the top quartile of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar ESOP plans in Massachusetts. Compare plans
- Carney, Sandoe & Associates, Inc.'s sponsor-wide assets have declined 18.5% since 2022 across 3 plan years on file. More Administrative & Support Services plans