ESOP · DOL Form 5500 · 2024
Harborone Bank ESOP
Data updated 2026-07-24
- $52M
- Total assets
- 360
- Participants
- 85th
- Percentile by assets
- $144,972
- Avg per participant
Official DOL plan name: Harborone Bank Employee Stock Ownership Plan · Sponsored by Harborone Bank · Massachusetts · Finance & Insurance
$52M in assets, 360 participants
Harborone Bank's Harborone Bank Employee Stock Ownership Plan reported $52M in total assets and 360 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 116,472 plans)
Where Harborone Bank Employee Stock Ownership Plan sits by assets
Harborone Bank Employee Stock Ownership Plan sits in the top quartile of all filed plans by assets, $52M for 360 participants (~$144,972/participant), down 2.7% in 2024.
- $52M
- total plan assets (2024 EOY)
- 360
- covered participants
- 85th
- percentile by assets (of 116,472 plans)
- $144,972
- avg assets per participant
The plan reported a net loss of $324K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Harborone Bank Employee Stock Ownership Plan reported net income rose from -$8M in the plan year 2023 filing to -$324K in the plan year 2024 filing.
- Harborone Bank Employee Stock Ownership Plan reported participants rose from 341 in the plan year 2023 filing to 360 in the plan year 2024 filing.
- Harborone Bank Employee Stock Ownership Plan end-of-year assets fell from $54M in the plan year 2023 filing to $52M in the plan year 2024 filing.
Harborone Bank Employee Stock Ownership Plan vs the 2024 asset distribution
By assets, Harborone Bank Employee Stock Ownership Plan outranks 85% of the 116,472 plans that filed a Form 5500 for the 2024 plan year, and holds roughly 0.5x the national average plan size of $100M (730 average participants).
Scale-class filing particulars (2024)
| Total Assets (Beginning of Year) | $54M |
|---|---|
| Net Assets (End of Year) | $25M |
| Net Income | -$324K |
| Employer EIN | 041123040 |
| Plan Effective Date | 2016-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Harborone Bank)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 756 | $143M |
| 2023 | 2 | 783 | $133M |
| 2024 | 2 | 758 | $133M |
Nearby ESOP Plans in Massachusetts
Peer ESOP plans, same state, same plan type, ranked by total assets.
Harborone Bank 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
- Abt Associates Inc. Employees Stock Ownership Plan $117M · 1,191
Similar-Sized ESOP Plans Nationally
ESOP plans in other states closest to Harborone Bank Employee Stock Ownership Plan by total assets, not by location.
- Smelter Service Corp Employee Stock Ownership Plan (TN) $52M · 93
- Thompson Surgical Instruments, Inc. Employee Stock Ownership Plan (MI) $52M · 79
- Carroll Distributing & Construction Supply, Inc. Employee Stock Ownership Plan (IA) $52M · 305
- Thybar Corporation Employee Stock Ownership Plan (IL) $52M · 130
Frequently Asked Questions
How did Harborone Bank Employee Stock Ownership Plan assets move in 2024? ▼
How have Harborone Bank plan assets changed over time? ▼
Where does Harborone Bank Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
Which ESOP plans are similar in size to Harborone Bank Employee Stock Ownership Plan? ▼
Next read for Harborone Bank Employee Stock Ownership …
Scale reading
Ways to act on Harborone Bank Employee Stock Ownership Plan's numbers.
- By total assets, Harborone Bank 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
- Harborone Bank's sponsor-wide assets have declined 7.0% since 2022 across 3 plan years on file. More Finance & Insurance plans
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 041123040.
Read our methodology - how this data is sourced, computed, and verified.