ESOP · DOL Form 5500 · 2024
Sps New England, Inc. ESOP
Data updated 2026-08-11
- $52M
- Total assets
- 191
- Participants
- 85th
- Percentile by assets
- $270,199
- Avg per participant
Official DOL plan name: Sps New England, Inc. Employee Stock Ownership Plan · Sponsored by Sps New England, Inc. · Massachusetts · Construction
$52M in assets, 191 participants
Sps New England, Inc.'s Sps New England, Inc. Employee Stock Ownership Plan reported $52M in total assets and 191 participants in its 2024 DOL Form 5500 filing, ranking in the 85th 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.
- 85th percentile by assets (of 123,622 plans)
- #7,471 in Construction (9,039 peers)
Coverage in Massachusetts
Sps New England, Inc. Employee Stock Ownership Plan covers 191 participants in Massachusetts, about 29% of the average Massachusetts filer (state average ~659 per filing). Assets: $52M.
- $52M
- total plan assets (2024 EOY)
- 191
- covered participants
- 85th
- percentile by assets (of 123,622 plans)
- $270,199
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Sps New England, Inc. Employee Stock Ownership Plan reported net income rose from $9M in the plan year 2023 filing to $35M in the plan year 2024 filing.
- Sps New England, Inc. Employee Stock Ownership Plan end-of-year assets rose from $19M in the plan year 2023 filing to $52M in the plan year 2024 filing.
- Sps New England, Inc. Employee Stock Ownership Plan reported participants rose from 182 in the plan year 2023 filing to 191 in the plan year 2024 filing.
Participants vs Massachusetts filers
In Massachusetts, the average filing covers about 659 participants across 4,265 plans. Sps New England, Inc. Employee Stock Ownership Plan reports 191 participants - about 29% of that state average ($52M EOY assets).
Massachusetts filing particulars
| Total Assets (Beginning of Year) | $19M |
|---|---|
| Net Assets (End of Year) | -$2M |
| Net Income | $35M |
| Employer EIN | 042741165 |
| Plan Effective Date | 2022-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Sps New England, Inc.)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 510 | $46M |
| 2023 | 2 | 497 | $58M |
| 2024 | 2 | 429 | $94M |
Nearby ESOP Plans in Massachusetts
Peer ESOP plans, same state, same plan type, ranked by total assets.
Sps New England, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Massachusetts, assets vs. participants
- Consigli Building Group Employee Stock Ownership Plan $729M · 1,684
- The Gillette Company Employee Stock Ownership Plan $368M · 139
- First Amended and Restated Creative Financial Staffing, Inc. Employee Stock Ownership Plan $253M · 445
- David Clark Employee Stock Ownership Plan $183M · 236
- New England Biolabs, Inc. Non-Voting Stock Ownership Plan $163M · 424
Similar-Sized ESOP Plans Nationally
ESOP plans in other states closest to Sps New England, Inc. Employee Stock Ownership Plan by total assets, not by location.
Frequently Asked Questions
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Filing takeaways
Ways to act on Sps New England, Inc. Employee Stock Ownership Plan's numbers.
- By total assets, Sps New England, Inc. Employee Stock Ownership Plan ranks in the top quartile of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar ESOP plans in Massachusetts. Compare plans
- Sps New England, Inc.'s sponsor-wide assets have grown 103.5% since 2022 across 3 plan years on file. More Construction plans