ESOP · DOL Form 5500 · 2024

Western New England Bancorp, Inc. ESOP

Data updated 2026-08-25

$15M
Total assets Small plan by assets
273
Participants Below avg headcount
64th
Percentile by assets National rank
$53,955
Avg per participant Low balance/head
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Official DOL plan name: Employee Stock Ownership Plan of Westfield Financial, Inc. · Sponsored by Western New England Bancorp, Inc. · Massachusetts · Finance & Insurance

$15M in assets, 273 participants

Western New England Bancorp, Inc.'s Employee Stock Ownership Plan of Westfield Financial, Inc. reported $15M in total assets and 273 participants in its 2024 DOL Form 5500 filing, ranking in the 64th 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.

  • #4,120 in Finance & Insurance (8,549 peers)

Coverage in Massachusetts

Employee Stock Ownership Plan of Westfield Financial, Inc. covers 273 participants in Massachusetts, about 41% of the average Massachusetts filer (state average ~659 per filing). Assets: $15M.

#4,120
in Finance & Insurance (8,549 peers)
-2.4%
assets change YoY

Employee Stock Ownership Plan of Westfield Financial, Inc.'s mid-pack asset rank among Finance & Insurance and all filers

Employee Stock Ownership Plan of Westfield Financial, Inc. vs every filed plan by assets

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

$14,729,782 Top 36% higher than 64% 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

Employee Stock Ownership Plan of Westfield Financial, Inc. 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. Employee Stock Ownership Plan of Westfield Financial, Inc. sits mid-pack in the medium band (273 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Employee Stock Ownership Plan of Westfield Financial, Inc. reported net income rose from -$403K in the plan year 2023 filing to $271K in the plan year 2024 filing.
  • Employee Stock Ownership Plan of Westfield Financial, Inc. reported participants rose from 263 in the plan year 2023 filing to 273 in the plan year 2024 filing.
  • Employee Stock Ownership Plan of Westfield Financial, Inc. end-of-year assets fell from $15M in the plan year 2023 filing to $15M in the plan year 2024 filing.

See the national 2023→2024 release diff →

DOL schedule card

Filing strip 731627673 · Western New England Bancorp, Inc. PY 2024 · ESOP

Employee Stock Ownership Plan of Westfield Financial, Inc. · $15M · 273 · 64th

  • 5500 $15M
  • 5500 273
  • 5500 64th
  • 5500 ESOP
  • 5500 near Provident Savings Bank, F.S.B. Employee Stock Ownership Plan
  • 5500 ind #4120

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 →

Employee Stock Ownership Plan of Westfield Financial, Inc. in the asset neighbourhood

Employee Stock Ownership Plan of Westfield Financial, Inc.Employee Stock Ownership Pla…$15MProvident Savings Bank, F.S.B. Employee Stock Ownership PlanProvident Savings Bank, F.S.…$15MStansell Electric Company, Inc. Employee Stock Ownership PlanStansell Electric Company, I…$15MC.a. Group, Inc. Employee Stock Ownership PlanC.a. Group, Inc. Employee St…$15MNorthern Habilitative Services Employee Stock Ownership PlanNorthern Habilitative Servic…$15M
End-of-year total assets ($M) among Employee Stock Ownership Plan of Westfield Financial, Inc. 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)$12M
Net Income$271K
Employer EIN731627673
Plan Effective Date2002-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Western New England Bancorp, Inc.)

Sponsor-wide plan assets over time

All Western New England Bancorp, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$15M 8.782820943848586% vs 2022
2024 filing year
$14.5M$15M$15.5M$16M$16.5M 202220232024 $16.2M $14.7M ▼ -8.8%
Year Plans Participants Total Assets
2022 1 267 $16M
2023 1 263 $15M
2024 1 273 $15M

Nearby ESOP Plans in Massachusetts

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

Employee Stock Ownership Plan of Westfield Financial, Inc. vs. nearby ESOP plans in Massachusetts, assets vs. participants Scatter plot of 6 data points. 0500100015002000 -2000200400600800 Total assets ($M) Participants Employee Stock Ownership Plan of Westfield Financial, Inc., Total assets ($M): 14.729782 · Participants: 273Employee Stock Ownership Plan of Westfield Financial, Inc.Consigli 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
Employee Stock Ownership Plan of Westfield Financial, Inc. vs. nearby ESOP plans in Massachusetts, assets vs. participants
Compare Employee Stock Ownership Plan of Westfield Financial, Inc. side-by-side with 3 peers →

Employee Stock Ownership Plan of Westfield Financial, Inc.'s out-of-state ESOP peers by assets and headcount

Outside Massachusetts, the nearest ESOP by assets is Provident Savings Bank, F.S.B. Employee Stock Ownership Plan in CA ($15M); by covered participants it is American Mechanical Holdings Employee Stock Ownership Plan in MD (273 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (273 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 Employee Stock Ownership Plan of Westfield Financial, Inc. assets move in 2024? ▼
Employee Stock Ownership Plan of Westfield Financial, Inc. edged down modestly - down 2.4% during 2024, from $15M to $15M. Reported net income was $271K.
How have Western New England Bancorp, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Western New England Bancorp, Inc.'s sponsor-wide assets declined 8.8%, from $16M to $15M.
Which ESOP plans are similar in size to Employee Stock Ownership Plan of Westfield Financial, Inc.? ▼
Among ESOP plans in other states, the closest by assets is Provident Savings Bank, F.S.B. Employee Stock Ownership Plan in CA ($15M, 153 participants).
Which ESOP plans cover a similar participant headcount to Employee Stock Ownership Plan of Westfield Financial, Inc.? ▼
Among ESOP plans in other states, the closest by covered participants is American Mechanical Holdings Employee Stock Ownership Plan in MD (273 participants, $119M 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 731627673.

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.