ESOP · DOL Form 5500 · 2023

Shawmut Group Inc. ESOP

Data updated 2026-08-25

$274M
Total assets Near avg plan size
716
Participants Below avg headcount
96th
Percentile by assets National rank
$382,955
Avg per participant High balance/head
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Official DOL plan name: Shawmut Group Employee Stock Ownership Plan · Sponsored by Shawmut Group Inc. · Massachusetts · Construction

$274M in assets, 716 participants

Shawmut Group Inc.'s Shawmut Group Employee Stock Ownership Plan reported $274M in total assets and 716 participants in its 2023 DOL Form 5500 filing, ranking in the 96th 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.

  • #8,586 in Construction (9,030 peers)

Where Shawmut Group Employee Stock Ownership Plan sits by assets

Shawmut Group Employee Stock Ownership Plan sits in the top 5% of all filed plans by assets, $274M for 716 participants (~$382,955/participant), up 17.0% in 2023.

#8,586
in Construction (9,030 peers)
+17.0%
assets growth YoY
2.8×
vs typical plan assets (national mean)

Shawmut Group Employee Stock Ownership Plan's outsized position by total assets

Shawmut Group Employee Stock Ownership Plan vs every filed plan by assets

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

$274,195,602 Top 4% higher than 96% 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

Shawmut Group 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. Shawmut Group Employee Stock Ownership Plan sits mid-pack in the medium band (716 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Shawmut Group Employee Stock Ownership Plan reported net income rose from $27M in the plan year 2022 filing to $41M in the plan year 2023 filing.
  • Shawmut Group Employee Stock Ownership Plan end-of-year assets rose from $234M in the plan year 2022 filing to $274M in the plan year 2023 filing.
  • Shawmut Group Employee Stock Ownership Plan reported participants rose from 690 in the plan year 2022 filing to 716 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 813645861 · Shawmut Group Inc. PY 2023 · ESOP

Shawmut Group Employee Stock Ownership Plan · $274M · 716 · 96th

  • RANK $274M
  • RANK 716
  • RANK 96th
  • RANK ESOP
  • RANK near Parksite Inc. Employee Stock Ownership Plan
  • RANK ind #8586

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 →

Shawmut Group Employee Stock Ownership Plan in the asset neighbourhood

Preferred Pump & Equipment Employee Stock Ownership PlanPreferred Pump & Equipment E…$279MTriple B Corporation Employee Stock Ownership PlanTriple B Corporation Employe…$278MShawmut Group Employee Stock Ownership PlanShawmut Group Employee Stock…$274MParksite Inc. Employee Stock Ownership PlanParksite Inc. Employee Stock…$274MSrc Employee Stock Ownership Plan and TrustSrc Employee Stock Ownership…$269M
End-of-year total assets ($M) among Shawmut Group 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)$234M
Net Assets (End of Year)$247M
Net Income$41M
Employer EIN813645861
Plan Effective Date1997-12-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Shawmut Group Inc.)

Sponsor-wide plan assets over time

All Shawmut Group Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$188M 49.17310831021775% vs 2022
2024 filing year
$100M$200M$300M$400M$500M 202220232024 $370M $188M ▼ -49.2%
Year Plans Participants Total Assets
2022 2 1,505 $370M
2023 2 1,538 $433M
2024 1 872 $188M

Nearby ESOP Plans in Massachusetts

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

Shawmut Group Employee Stock Ownership Plan vs. nearby ESOP plans in Massachusetts, assets vs. participants Scatter plot of 6 data points. 0500100015002000 100200300400500600700 Total assets ($M) Participants Shawmut Group Employee Stock Ownership Plan, Total assets ($M): 274.195602 · Participants: 716Shawmut Group 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 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 PlanDavid Clark Employee Stock Ownership Plan, Total assets ($M): 209.266 · Participants: 221David Clark Employee Stock Ownership Plan
Shawmut Group Employee Stock Ownership Plan vs. nearby ESOP plans in Massachusetts, assets vs. participants
Compare Shawmut Group Employee Stock Ownership Plan side-by-side with 3 peers →

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

Outside Massachusetts, the nearest ESOP by assets is Parksite Inc. Employee Stock Ownership Plan in IL ($274M); by covered participants it is Integration Innovation, Inc. Employee Stock Ownership Plan in AL (717 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (716 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 Shawmut Group Employee Stock Ownership Plan assets move in 2023? ▼
Shawmut Group Employee Stock Ownership Plan grew sharply - up 17.0% during 2023, from $234M to $274M. Reported net income was $41M.
How have Shawmut Group Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Shawmut Group Inc.'s sponsor-wide assets declined 49.2%, from $370M to $188M.
Where does Shawmut Group Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
Shawmut Group Employee Stock Ownership Plan ranks in the 96th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 5% of all filed plans by assets).
Which ESOP plans are similar in size to Shawmut Group Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Parksite Inc. Employee Stock Ownership Plan in IL ($274M, 627 participants).
Which ESOP plans cover a similar participant headcount to Shawmut Group Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Integration Innovation, Inc. Employee Stock Ownership Plan in AL (717 participants, $47M 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 813645861.

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.