ESOP · DOL Form 5500 · 2023
Sps New England, Inc. ESOP
Data updated 2026-08-11
- $19M
- Total assets
- 182
- Participants
- 71st
- Percentile by assets
- $101,934
- Avg per participant
Official DOL plan name: Sps New England, Inc. Employee Stock Ownership Plan · Sponsored by Sps New England, Inc. · Massachusetts · Construction
$19M in assets, 182 participants
Sps New England, Inc.'s Sps New England, Inc. Employee Stock Ownership Plan reported $19M in total assets and 182 participants in its 2023 DOL Form 5500 filing, ranking in the 71st 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.
- 71st percentile by assets (of 127,072 plans)
- #6,320 in Construction (9,030 peers)
Coverage in Massachusetts
Sps New England, Inc. Employee Stock Ownership Plan covers 182 participants in Massachusetts, about 28% of the average Massachusetts filer (state average ~659 per filing). Assets: $19M.
- $19M
- total plan assets (2023 EOY)
- 182
- covered participants
- 71st
- percentile by assets (of 127,072 plans)
- $101,934
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Sps New England, Inc. Employee Stock Ownership Plan reported net income rose from -$46M in the plan year 2022 filing to $9M in the plan year 2023 filing.
- Sps New England, Inc. Employee Stock Ownership Plan end-of-year assets rose from $10M in the plan year 2022 filing to $19M in the plan year 2023 filing.
- Sps New England, Inc. Employee Stock Ownership Plan reported participants fell from 184 in the plan year 2022 filing to 182 in the plan year 2023 filing.
Participants vs Massachusetts filers
In Massachusetts, the average filing covers about 659 participants across 4,265 plans. Sps New England, Inc. Employee Stock Ownership Plan reports 182 participants - about 28% of that state average ($19M EOY assets).
Massachusetts filing particulars
| Total Assets (Beginning of Year) | $10M |
|---|---|
| Net Assets (End of Year) | -$37M |
| Net Income | $9M |
| Employer EIN | 042741165 |
| Plan Effective Date | 2022-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Sps New England, Inc.)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 510 | $46M |
| 2023 | 2 | 497 | $58M |
| 2024 | 2 | 429 | $94M |
Nearby ESOP Plans in Massachusetts
Peer ESOP plans, same state, same plan type, ranked by total assets.
Sps New England, Inc. 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 Sps New England, Inc. Employee Stock Ownership Plan by total assets, not by location.
Frequently Asked Questions
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Filing takeaways
Ways to act on Sps New England, Inc. Employee Stock Ownership Plan's numbers.
- By total assets, Sps New England, Inc. Employee Stock Ownership Plan ranks above the median plan by assets. See the largest plans
- Compare it side-by-side against 3 similar ESOP plans in Massachusetts. Compare plans
- Sps New England, Inc.'s sponsor-wide assets have grown 103.5% since 2022 across 3 plan years on file. More Construction plans