ESOP · DOL Form 5500 · 2024

BANKPROV ESOP

Data updated 2026-08-25

$16M
Total assets Small plan by assets
196
Participants Below avg headcount
66th
Percentile by assets National rank
$81,373
Avg per participant Below avg balance/head
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Official DOL plan name: Bankprov Employee Stock Ownership Plan · Sponsored by BANKPROV · Massachusetts · Finance & Insurance

$16M in assets, 196 participants

BANKPROV's Bankprov Employee Stock Ownership Plan reported $16M in total assets and 196 participants in its 2024 DOL Form 5500 filing, ranking in the 66th 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.

  • #4,261 in Finance & Insurance (8,549 peers)

Coverage in Massachusetts

Bankprov Employee Stock Ownership Plan covers 196 participants in Massachusetts, about 30% of the average Massachusetts filer (state average ~659 per filing). Assets: $16M.

#4,261
in Finance & Insurance (8,549 peers)
+8.6%
assets growth YoY

Bankprov Employee Stock Ownership Plan's mid-pack asset rank among Finance & Insurance and all filers

Bankprov Employee Stock Ownership Plan vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$15,949,029 Top 34% higher than 66% of 123,620 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 2024

Bankprov Employee Stock Ownership Plan among mid-size filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Bankprov Employee Stock Ownership Plan sits mid-pack in the medium band (196 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Bankprov Employee Stock Ownership Plan reported net income fell from $4M in the plan year 2023 filing to $2M in the plan year 2024 filing.
  • Bankprov Employee Stock Ownership Plan end-of-year assets rose from $15M in the plan year 2023 filing to $16M in the plan year 2024 filing.
  • Bankprov Employee Stock Ownership Plan reported participants fell from 206 in the plan year 2023 filing to 196 in the plan year 2024 filing.

See the national 2023→2024 release diff →

DOL schedule card

Filing strip 043497377 · BANKPROV PY 2024 · ESOP

Bankprov Employee Stock Ownership Plan · $16M · 196 · 66th

  • VS-ST $16M
  • BOY 196
  • SCH 66th
  • EBSA ESOP
  • PART near Gipe Associates, Inc. Employee Stock Ownership Plan
  • TYPE ind #4261

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 →

Bankprov Employee Stock Ownership Plan in the asset neighbourhood

Gipe Associates, Inc. Employee Stock Ownership PlanGipe Associates, Inc. Employ…$16MBankprov Employee Stock Ownership PlanBankprov Employee Stock Owne…$16MGotham Drywall, Inc. Employee Stock Ownership PlanGotham Drywall, Inc. Employe…$16MAbatix Corp. Employee Stock Ownership PlanAbatix Corp. Employee Stock …$16MWebb Landscape, Inc. Employee Stock Ownership PlanWebb Landscape, Inc. Employe…$16M
End-of-year total assets ($M) among Bankprov Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2024.

Massachusetts filing particulars

Total Assets (Beginning of Year)$15M
Net Assets (End of Year)$9M
Net Income$2M
Employer EIN043497377
Plan Effective Date2015-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (BANKPROV)

Sponsor-wide plan assets over time

All BANKPROV plans reported in each filing year

Latest sponsor-wide plan assets
$42M 36.194741381921105% vs 2022
2024 filing year
$25M$30M$35M$40M$45M 202220232024 $30.8M $42M ▲ +36.2%
Year Plans Participants Total Assets
2022 2 357 $31M
2023 2 410 $40M
2024 2 390 $42M

Nearby ESOP Plans in Massachusetts

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

Bankprov Employee Stock Ownership Plan vs. nearby ESOP plans in Massachusetts, assets vs. participants Scatter plot of 6 data points. 0500100015002000 -2000200400600800 Total assets ($M) Participants Bankprov Employee Stock Ownership Plan, Total assets ($M): 15.949029 · Participants: 196Bankprov Employee Stock Ownership PlanConsigli Building Group Employee Stock Ownership Plan, Total assets ($M): 729.34706 · Participants: 1684Consigli Building Group Employee Stock Ownership PlanThe Gillette Company Employee Stock Ownership Plan, Total assets ($M): 367.792322 · Participants: 139The Gillette Company Employee Stock Ownership PlanFirst Amended and Restated Creative Financial Staffing, Inc. Employee Stock Ownership Plan, Total assets ($M): 253.372727 · Participants: 445First Amended and Restated Creative Financial Staffing, Inc. Employee Stock Ownership PlanDavid Clark Employee Stock Ownership Plan, Total assets ($M): 182.6375 · Participants: 236David Clark Employee Stock Ownership PlanNew England Biolabs, Inc. Non-Voting Stock Ownership Plan, Total assets ($M): 162.974294 · Participants: 424New England Biolabs, Inc. Non-Voting Stock Ownership Plan
Bankprov Employee Stock Ownership Plan vs. nearby ESOP plans in Massachusetts, assets vs. participants
Compare Bankprov Employee Stock Ownership Plan side-by-side with 3 peers →

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

Outside Massachusetts, the nearest ESOP by assets is Gipe Associates, Inc. Employee Stock Ownership Plan in MD ($16M); by covered participants it is Karmak, Inc. Employee Stock Ownership Plan in IL (196 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (196 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Bankprov Employee Stock Ownership Plan assets move in 2024? ▼
Bankprov Employee Stock Ownership Plan grew at a solid clip - up 8.6% during 2024, from $15M to $16M. Reported net income was $2M.
How have BANKPROV plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), BANKPROV's sponsor-wide assets grew 36.2%, from $31M to $42M.
Which ESOP plans are similar in size to Bankprov Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Gipe Associates, Inc. Employee Stock Ownership Plan in MD ($16M, 35 participants).
Which ESOP plans cover a similar participant headcount to Bankprov Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Karmak, Inc. Employee Stock Ownership Plan in IL (196 participants, $17M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 043497377.

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.