ESOP · DOL Form 5500 · 2023

New England Controls, Inc. ESOP

Data updated 2026-08-11

$82M
Total assets: 446
Participants: 90th
Percentile by assets: $184,944
Avg per participant

Official DOL plan name: New England Controls, Inc. Employee Stock Ownership Plan · Sponsored by New England Controls, Inc. · Massachusetts · Manufacturing

$82M in assets, 446 participants

New England Controls, Inc.'s New England Controls, Inc. Employee Stock Ownership Plan reported $82M in total assets and 446 participants in its 2023 DOL Form 5500 filing, ranking in the 90th 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.

90th percentile by assets (of 127,072 plans)
#15,906 in Manufacturing (18,722 peers)

Where New England Controls, Inc. Employee Stock Ownership Plan sits by assets

New England Controls, Inc. Employee Stock Ownership Plan sits in the top 10% of all filed plans by assets, $82M for 446 participants (~$184,944/participant), up 4.5% in 2023.

$82M
total plan assets (2023 EOY): 446
covered participants: 90th
percentile by assets (of 127,072 plans): $184,944
avg assets per participant

New England Controls, Inc. Employee Stock Ownership Plan reported net income fell from $20M in the plan year 2022 filing to $4M in the plan year 2023 filing.
New England Controls, Inc. Employee Stock Ownership Plan reported participants rose from 349 in the plan year 2022 filing to 446 in the plan year 2023 filing.
New England Controls, Inc. Employee Stock Ownership Plan end-of-year assets rose from $79M in the plan year 2022 filing to $82M in the plan year 2023 filing.

See the national 2022→2023 release diff →

State

Massachusetts

Industry

Manufacturing

New England Controls, Inc. Employee Stock Ownership Plan vs the 2023 asset distribution

By assets, New England Controls, Inc. Employee Stock Ownership Plan outranks 90% of the 127,072 plans that filed a Form 5500 for the 2023 plan year, and holds roughly 0.8x the national average plan size of $100M (721 average participants).

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)	$79M
Net Assets (End of Year)	$82M
Net Income	$4M
Employer EIN	042389826
Plan Effective Date	1986-01-01
Filing Status	FILING RECEIVED

Sponsor Plan History (New England Controls, Inc.)

Total plan assets by year, all New England Controls, Inc. plans on file

Year	Plans	Participants	Total Assets
2022	2	753	$113M
2023	2	918	$121M
2024	2	929	$129M

Nearby ESOP Plans in Massachusetts

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

New England Controls, 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

Compare New England Controls, Inc. Employee Stoc… side-by-side with 3 peers →

Similar-Sized ESOP Plans Nationally

ESOP plans in other states closest to New England Controls, Inc. Employee Stock Ownership Plan by total assets, not by location.

Carrier Process Equipment Group, Inc. Employee Stock Ownership Plan (KY) $82M · 231
Eagle Alloy, Inc. Employee Stock Ownership Plan (MI) $82M · 266
Skyline Construction Employee Stock Ownership Plan (CA) $82M · 387
Twin Mro Employee Stock Ownership Plan (CT) $83M · 93

Frequently Asked Questions

How did New England Controls, Inc. Employee Stock Ownership Plan assets move in 2023? ▼

New England Controls, Inc. Employee Stock Ownership Plan edged up modestly - up 4.5% during 2023, from $79M to $82M. Reported net income was $4M.

How have New England Controls, Inc. plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), New England Controls, Inc.'s sponsor-wide assets grew 14.5%, from $113M to $129M.

Where does New England Controls, Inc. Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼

New England Controls, Inc. Employee Stock Ownership Plan ranks in the 90th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 10% of all filed plans by assets).

Which ESOP plans are similar in size to New England Controls, Inc. Employee Stock Ownership Plan? ▼

Among ESOP plans in other states, the closest by assets is Carrier Process Equipment Group, Inc. Employee Stock Ownership Plan in KY ($82M, 231 participants).

Next read for New England Controls, Inc. Employee Stoc…

Scale reading

Ways to act on New England Controls, Inc. Employee Stock Ownership Plan's numbers.

By total assets, New England Controls, Inc. Employee Stock Ownership Plan ranks in the top 10% of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar ESOP plans in Massachusetts. Compare plans
New England Controls, Inc.'s sponsor-wide assets have grown 14.5% since 2022 across 3 plan years on file. More Manufacturing plans

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 042389826.