ESOP · DOL Form 5500 · 2024

Sps New England, Inc. ESOP

Data updated 2026-08-25

$52M
Total assets Below avg plan size
191
Participants Below avg headcount
85th
Percentile by assets National rank
$270,199
Avg per participant High balance/head
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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.

  • #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.

#7,471
in Construction (9,039 peers)
+178.2%
assets growth YoY
0.5×
vs typical plan assets (national mean)

Sps New England, Inc. Employee Stock Ownership Plan's outsized position by total assets

Sps New England, Inc. Employee Stock Ownership Plan vs every filed plan by assets

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

$51,608,000 Top 15% higher than 85% 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

Sps New England, Inc. 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. Sps New England, Inc. Employee Stock Ownership Plan sits mid-pack in the medium band (191 participants).

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.

See the national 2023→2024 release diff →

EBSA filing schedule strip

Filing strip 042741165 · Sps New England, Inc. PY 2024 · ESOP

Sps New England, Inc. Employee Stock Ownership Plan · $52M · 191 · 85th

  • RANK $52M
  • RANK 191
  • RANK 85th
  • RANK ESOP
  • RANK near Hawkeye Electric, Inc. Employee Stock Ownership Plan
  • RANK ind #7471

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 →

Sps New England, Inc. Employee Stock Ownership Plan in the asset neighbourhood

Design Partners, Incorporated ESOPDesign Partners, Incorporate…$52MSps New England, Inc. Employee Stock Ownership PlanSps New England, Inc. Employ…$52MHawkeye Electric, Inc. Employee Stock Ownership PlanHawkeye Electric, Inc. Emplo…$52MBoston, Inc. Employee Stock Ownership PlanBoston, Inc. Employee Stock …$52MBuilding Plastics, Inc. Employee Stock Ownership PlanBuilding Plastics, Inc. Empl…$52M
End-of-year total assets ($M) among Sps New England, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2024.

Massachusetts filing particulars

Total Assets (Beginning of Year)$19M
Net Assets (End of Year)-$2M
Net Income$35M
Employer EIN042741165
Plan Effective Date2022-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Sps New England, Inc.)

Sponsor-wide plan assets over time

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

Latest sponsor-wide plan assets
$94M 103.5246493143705% vs 2022
2024 filing year
$40M$60M$80M$100M 202220232024 $46.1M $93.8M ▲ +103.5%
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 Scatter plot of 6 data points. 0500100015002000 0200400600800 Total assets ($M) Participants Sps New England, Inc. Employee Stock Ownership Plan, Total assets ($M): 51.608 · Participants: 191Sps New England, Inc. 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
Sps New England, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Massachusetts, assets vs. participants
Compare Sps New England, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

Sps New England, Inc. Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Massachusetts, the nearest ESOP by assets is Hawkeye Electric, Inc. Employee Stock Ownership Plan in AZ ($52M); by covered participants it is America's Gardening Resource, Inc. Employee Stock Ownership Plan in VT (191 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (191 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 Sps New England, Inc. Employee Stock Ownership Plan assets move in 2024? ▼
Sps New England, Inc. Employee Stock Ownership Plan surged - up 178.2% during 2024, from $19M to $52M. Reported net income was $35M.
How have Sps New England, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Sps New England, Inc.'s sponsor-wide assets grew 103.5%, from $46M to $94M.
Where does Sps New England, Inc. Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
Sps New England, Inc. Employee Stock Ownership Plan ranks in the 85th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top quartile of all filed plans by assets).
Which ESOP plans are similar in size to Sps New England, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Hawkeye Electric, Inc. Employee Stock Ownership Plan in AZ ($52M, 162 participants).
Which ESOP plans cover a similar participant headcount to Sps New England, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is America's Gardening Resource, Inc. Employee Stock Ownership Plan in VT (191 participants, $2M 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 042741165.

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.