ESOP · DOL Form 5500 · 2023

Colonial Federal Savings Bank ESOP

Data updated 2026-08-25

$2M
Total assets Small plan by assets
24
Participants Small participant base
28th
Percentile by assets National rank
$68,722
Avg per participant Below avg balance/head
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Official DOL plan name: Colonial Federal Savings Bank Employee Stock Ownership Plan · Sponsored by Colonial Federal Savings Bank · Massachusetts · Finance & Insurance

$2M in assets, 24 participants

Colonial Federal Savings Bank's Colonial Federal Savings Bank Employee Stock Ownership Plan reported $2M in total assets and 24 participants in its 2023 DOL Form 5500 filing, ranking in the 28th 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.

  • #1,686 in Finance & Insurance (8,869 peers)

Colonial Federal Savings Bank multi-year trail

Colonial Federal Savings Bank's plans moved -58.4% in assets from 2022 to 2024; this filing shows Colonial Federal Savings Bank Employee Stock Ownership Plan at $2M / 24 participants.

#1,686
in Finance & Insurance (8,869 peers)
-20.3%
assets change YoY

The plan reported a net loss of $349K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Colonial Federal Savings Bank Employee Stock Ownership Plan among the smaller filed plans by assets

Colonial Federal Savings Bank Employee Stock Ownership Plan vs every filed plan by assets

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

$1,649,339 28th percentile higher than 28% 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

Colonial Federal Savings Bank Employee Stock Ownership Plan among smaller filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Colonial Federal Savings Bank Employee Stock Ownership Plan is a small filing (24 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Colonial Federal Savings Bank Employee Stock Ownership Plan end-of-year assets fell from $2M in the plan year 2022 filing to $2M in the plan year 2023 filing.
  • Colonial Federal Savings Bank Employee Stock Ownership Plan reported net income rose from -$418K in the plan year 2022 filing to -$349K in the plan year 2023 filing.
  • Colonial Federal Savings Bank Employee Stock Ownership Plan reported participants fell from 26 in the plan year 2022 filing to 24 in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 041983105 · Colonial Federal Savings Bank PY 2023 · ESOP

Colonial Federal Savings Bank Employee Stock Ownership Plan · $2M · 24 · 28th

  • VS-ST $2M
  • VS-ST 24
  • VS-ST 28th
  • VS-ST ESOP
  • VS-ST near Geotechnologies, Inc. Employee Stock Ownership Plan
  • VS-ST ind #1686

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 →

Colonial Federal Savings Bank Employee Stock Ownership Plan in the asset neighbourhood

Sawcross, Inc. Employee Stock Ownership PlanSawcross, Inc. Employee Stoc…$2MColonial Federal Savings Bank Employee Stock Ownership PlanColonial Federal Savings Ban…$2MGeotechnologies, Inc. Employee Stock Ownership PlanGeotechnologies, Inc. Employ…$2MW.P. Law, Inc. Employee Stock Ownership PlanW.P. Law, Inc. Employee Stoc…$2MMutare, Inc. Employee Stock Ownership PlanMutare, Inc. Employee Stock …$2M
End-of-year total assets ($M) among Colonial Federal Savings Bank Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

Colonial Federal Savings Bank multi-year asset trail

Sponsor-wide plan assets over time

All Colonial Federal Savings Bank plans reported in each filing year

Latest sponsor-wide plan assets
$2M 58.4054333446798% vs 2022
2024 filing year
$1M$2M$3M$4M$5M 202220232024 $4.14M $1.72M ▼ -58.5%
Year Plans Participants Total Assets
2022 2 52 $4M
2023 1 24 $2M
2024 1 27 $2M

Colonial Federal Savings Bank filing trail (2023)

Total Assets (Beginning of Year)$2M
Net Assets (End of Year)-$767K
Net Income-$349K
Employer EIN041983105
Plan Effective Date2022-01-01
Filing StatusFILING RECEIVED

Nearby ESOP Plans in Massachusetts

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

Colonial Federal Savings Bank Employee Stock Ownership Plan vs. nearby ESOP plans in Massachusetts, assets vs. participants Scatter plot of 6 data points. -5000500100015002000 -2000200400600800 Total assets ($M) Participants Colonial Federal Savings Bank Employee Stock Ownership Plan, Total assets ($M): 1.649339 · Participants: 24Colonial Federal Savings Bank 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 PlanShawmut Group Employee Stock Ownership Plan, Total assets ($M): 274.195602 · Participants: 716Shawmut Group Employee Stock Ownership PlanFirst Amended and Restated Creative Financial Staffing, Inc. Employee Stock Ownership Plan, Total assets ($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 Plan
Colonial Federal Savings Bank Employee Stock Ownership Plan vs. nearby ESOP plans in Massachusetts, assets vs. participants
Compare Colonial Federal Savings Bank Employee Stock Ownership Plan side-by-side with 3 peers →

Colonial Federal Savings Bank Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Massachusetts, the nearest ESOP by assets is Geotechnologies, Inc. Employee Stock Ownership Plan in CA ($2M); by covered participants it is Valador, Inc. Employee Stock Bonus Plan in WV (24 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (24 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 Colonial Federal Savings Bank Employee Stock Ownership Plan assets move in 2023? ▼
Colonial Federal Savings Bank Employee Stock Ownership Plan declined sharply - down 20.3% during 2023, from $2M to $2M. Reported net income was -$349K.
How have Colonial Federal Savings Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Colonial Federal Savings Bank's sponsor-wide assets declined 58.4%, from $4M to $2M.
Which ESOP plans are similar in size to Colonial Federal Savings Bank Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Geotechnologies, Inc. Employee Stock Ownership Plan in CA ($2M, 21 participants).
Which ESOP plans cover a similar participant headcount to Colonial Federal Savings Bank Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Valador, Inc. Employee Stock Bonus Plan in WV (24 participants, N/A 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 041983105.

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.