401(k) · DOL Form 5500 · 2023

The Andover Companies 401(k) Plan

Data updated 2026-08-25

$70M
Total assets Below avg plan size
265
Participants Below avg headcount
89th
Percentile by assets National rank
$262,746
Avg per participant High 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

$70M in assets, 265 participants

The Andover Companies's The Andover Companies Employee's Savings & Profit reported $70M in total assets and 265 participants in its 2023 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.

  • #7,302 in Finance & Insurance (8,869 peers)

Coverage in Massachusetts

The Andover Companies Employee's Savings & Profit covers 265 participants in Massachusetts, about 40% of the average Massachusetts filer (state average ~659 per filing). Assets: $70M.

#7,302
in Finance & Insurance (8,869 peers)
+23.2%
assets growth YoY
0.7×
vs typical plan assets (national mean)

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 2023 · DOL Form 5500

$69,627,750 Top 11% higher than 89% 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

The Andover Companies Employee's Savings & Profit 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. The Andover Companies Employee's Savings & Profit sits mid-pack in the medium band (265 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • The Andover Companies Employee's Savings & Profit reported net income rose from -$9M in the plan year 2022 filing to $13M in the plan year 2023 filing.
  • The Andover Companies Employee's Savings & Profit end-of-year assets rose from $57M in the plan year 2022 filing to $70M in the plan year 2023 filing.
  • The Andover Companies Employee's Savings & Profit reported participants rose from 218 in the plan year 2022 filing to 265 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 041614490 · The Andover Companies PY 2023 · 401(k)

The Andover Companies Employee's Savings & Profit · $70M · 265 · 89th

  • VS-ST $70M
  • BOY 265
  • SCH 89th
  • EBSA 401(k)
  • PART near Kiara, Inc. 401(k) Profit Sharing Plan
  • TYPE ind #7302

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 Andover Companies Employee's Savings & ProfitThe Andover Companies Employ…$70MKiara, Inc. 401(k) Profit Sharing PlanKiara, Inc. 401(k) Profit Sh…$70MDese Research, Inc. Profit Sharing PlanDese Research, Inc. Profit S…$70MTaiho Oncology 401(k) Profit Sharing PlanTaiho Oncology 401(k) Profit…$70MStatcare 401(k) & Profit Sharing PlanStatcare 401(k) & Profit Sha…$70M
End-of-year total assets ($M) among The Andover Companies Employee's Savings & Profit and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Massachusetts filing particulars

Total Assets (Beginning of Year)$57M
Net Assets (End of Year)$70M
Net Income$13M
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. -20000020000400006000080000 -10010203040 Total assets ($B) Participants The Andover Companies Employee's Savings & Profit, Total assets ($B): 0.06962775 · Participants: 265The Andover Companies Employee's Savings & ProfitFidelity Retirement Savings Plan, Total assets ($B): 28.649852331 · Participants: 62289Fidelity Retirement Savings PlanLiberty Mutual 401(k) Plan, Total assets ($B): 10.556596852 · Participants: 37052Liberty Mutual 401(k) PlanMassachusetts Institute of Technology Supplemental 401(k) Plan, Total assets ($B): 6.829912863 · Participants: 14094Massachusetts Institute of Technology Supplemental 401(k) PlanBoston Scientific Corporation 401(k) Retirement Savings Plan, Total assets ($B): 5.786107181 · Participants: 19881Boston Scientific Corporation 401(k) Retirement Savings PlanPhilips North America 401(k) Plan, Total assets ($B): 5.779286156 · Participants: 19120Philips North America 401(k) 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 Kiara, Inc. 401(k) Profit Sharing Plan in IL ($70M); by covered participants it is Ktm Industries Inc 401(k) Profit Sharing Plan & Trust in MI (265 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($70M here).

Similar participant headcount

Nearest other-state filings by covered participants (265 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 The Andover Companies Employee's Savings & Profit assets move in 2023? ▼
The Andover Companies Employee's Savings & Profit grew sharply - up 23.2% during 2023, from $57M to $70M. Reported net income was $13M.
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 127,072 plans that reported assets for plan year 2023 (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 Kiara, Inc. 401(k) Profit Sharing Plan in IL ($70M, 398 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 Ktm Industries Inc 401(k) Profit Sharing Plan & Trust in MI (265 participants, N/A 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 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.