ESOP · DOL Form 5500 · 2023
Shawmut Group Inc. ESOP
Data updated 2026-08-11
- $274M
- Total assets
- 716
- Participants
- 96th
- Percentile by assets
- $382,955
- Avg per participant
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.
- 96th percentile by assets (of 127,072 plans)
- #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.
- $274M
- total plan assets (2023 EOY)
- 716
- covered participants
- 96th
- percentile by assets (of 127,072 plans)
- $382,955
- avg assets per participant
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.
Shawmut Group Employee Stock Ownership Plan vs the 2023 asset distribution
By assets, Shawmut Group Employee Stock Ownership Plan outranks 96% of the 127,072 plans that filed a Form 5500 for the 2023 plan year, and holds roughly 2.8x the national average plan size of $100M (721 average participants).
Scale-class filing particulars (2023)
| Total Assets (Beginning of Year) | $234M |
|---|---|
| Net Assets (End of Year) | $247M |
| Net Income | $41M |
| Employer EIN | 813645861 |
| Plan Effective Date | 1997-12-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Shawmut Group Inc.)
| 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
- Consigli Building Group Employee Stock Ownership Plan $612M · 1,511
- The Gillette Company Employee Stock Ownership Plan $349M · 174
- First Amended and Restated Creative Financial Staffing, Inc. Employee Stock Ownership Plan $245M · 641
- Eastern Bank Employee Stock Ownership Plan $213M · 1,778
- David Clark Employee Stock Ownership Plan $209M · 221
Similar-Sized ESOP Plans Nationally
ESOP plans in other states closest to Shawmut Group Employee Stock Ownership Plan by total assets, not by location.
- Parksite Inc. Employee Stock Ownership Plan (IL) $274M · 627
- Triple B Corporation Employee Stock Ownership Plan (WA) $278M · 1,123
- Preferred Pump & Equipment Employee Stock Ownership Plan (TX) $279M · 534
- Src Employee Stock Ownership Plan and Trust (MO) $269M · 1,561
Frequently Asked Questions
How did Shawmut Group Employee Stock Ownership Plan assets move in 2023? ▼
How have Shawmut Group Inc. plan assets changed over time? ▼
Where does Shawmut Group Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
Which ESOP plans are similar in size to Shawmut Group Employee Stock Ownership Plan? ▼
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Ways to act on Shawmut Group Employee Stock Ownership Plan's numbers.
- By total assets, Shawmut Group Employee Stock Ownership Plan ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar ESOP plans in Massachusetts. Compare plans
- Shawmut Group Inc.'s sponsor-wide assets have declined 49.2% since 2022 across 3 plan years on file. More Construction plans