ESOP · DOL Form 5500 · 2023

Harborone Bank ESOP

Data updated 2026-08-25

$54M
Total assets Below avg plan size
341
Participants Below avg headcount
86th
Percentile by assets National rank
$157,297
Avg per participant Above avg balance/head
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Official DOL plan name: Harborone Bank Employee Stock Ownership Plan · Sponsored by Harborone Bank · Massachusetts · Finance & Insurance

$54M in assets, 341 participants

Harborone Bank's Harborone Bank Employee Stock Ownership Plan reported $54M in total assets and 341 participants in its 2023 DOL Form 5500 filing, ranking in the 86th 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.

  • #6,990 in Finance & Insurance (8,869 peers)

Where Harborone Bank Employee Stock Ownership Plan sits by assets

Harborone Bank Employee Stock Ownership Plan sits in the top quartile of all filed plans by assets, $54M for 341 participants (~$157,297/participant), down 15.0% in 2023.

#6,990
in Finance & Insurance (8,869 peers)
-15.0%
assets change YoY
0.5×
vs typical plan assets (national mean)

The plan reported a net loss of $8M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Harborone Bank Employee Stock Ownership Plan's outsized position by total assets

Harborone Bank Employee Stock Ownership Plan vs every filed plan by assets

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

$53,638,327 Top 14% higher than 86% 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

Harborone Bank 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. Harborone Bank Employee Stock Ownership Plan sits mid-pack in the medium band (341 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Harborone Bank Employee Stock Ownership Plan reported net income fell from -$3M in the plan year 2022 filing to -$8M in the plan year 2023 filing.
  • Harborone Bank Employee Stock Ownership Plan end-of-year assets fell from $63M in the plan year 2022 filing to $54M in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 041123040 · Harborone Bank PY 2023 · ESOP

Harborone Bank Employee Stock Ownership Plan · $54M · 341 · 86th

  • 5500 $54M
  • ASSETS 341
  • PCT 86th
  • EIN ESOP
  • RANK near Scallon Controls, Inc. Employee Stock Ownership Plan
  • PHOTO ind #6990

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 →

Harborone Bank Employee Stock Ownership Plan in the asset neighbourhood

Aviation Systems Engineering Company Inc. Employee Stock Ownership PlanAviation Systems Engineering…$54MFrank M. Booth, Inc. Employee Stock Ownership PlanFrank M. Booth, Inc. Employe…$54MScallon Controls, Inc. Employee Stock Ownership PlanScallon Controls, Inc. Emplo…$54MHarborone Bank Employee Stock Ownership PlanHarborone Bank Employee Stoc…$54MOwl's Head Alloys Employee Stock Ownership PlanOwl's Head Alloys Employee S…$54M
End-of-year total assets ($M) among Harborone Bank 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)$63M
Net Assets (End of Year)$26M
Net Income-$8M
Employer EIN041123040
Plan Effective Date2016-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Harborone Bank)

Sponsor-wide plan assets over time

All Harborone Bank plans reported in each filing year

Latest sponsor-wide plan assets
$133M 7.039176208171491% vs 2022
2024 filing year
$130M$135M$140M$145M 202220232024 $143M $133M ▼ -7.0%
Year Plans Participants Total Assets
2022 2 756 $143M
2023 2 783 $133M
2024 2 758 $133M

Nearby ESOP Plans in Massachusetts

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

Harborone Bank Employee Stock Ownership Plan vs. nearby ESOP plans in Massachusetts, assets vs. participants Scatter plot of 6 data points. 0500100015002000 0200400600800 Total assets ($M) Participants Harborone Bank Employee Stock Ownership Plan, Total assets ($M): 53.638327 · Participants: 341Harborone Bank 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
Harborone Bank Employee Stock Ownership Plan vs. nearby ESOP plans in Massachusetts, assets vs. participants
Compare Harborone Bank Employee Stock Ownership Plan side-by-side with 3 peers →

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

Outside Massachusetts, the nearest ESOP by assets is Scallon Controls, Inc. Employee Stock Ownership Plan in TX ($54M); by covered participants it is Bradford White Corporation Employee Stock Ownership Plan and Trust Agreement in PA (342 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (341 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 Harborone Bank Employee Stock Ownership Plan assets move in 2023? ▼
Harborone Bank Employee Stock Ownership Plan declined sharply - down 15.0% during 2023, from $63M to $54M. Reported net income was -$8M.
How have Harborone Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Harborone Bank's sponsor-wide assets declined 7.0%, from $143M to $133M.
Where does Harborone Bank Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
Harborone Bank Employee Stock Ownership Plan ranks in the 86th 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 Harborone Bank Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Scallon Controls, Inc. Employee Stock Ownership Plan in TX ($54M, 215 participants).
Which ESOP plans cover a similar participant headcount to Harborone Bank Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Bradford White Corporation Employee Stock Ownership Plan and Trust Agreement in PA (342 participants, $1.6B 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 041123040.

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.