ESOP · DOL Form 5500 · 2024

New England Controls, Inc. ESOP

Data updated 2026-08-25

$89M
Total assets Below avg plan size
442
Participants Below avg headcount
90th
Percentile by assets National rank
$200,458
Avg per participant Above avg balance/head
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Official DOL plan name: New England Controls, Inc. Employee Stock Ownership Plan · Sponsored by New England Controls, Inc. · Massachusetts · Manufacturing

$89M in assets, 442 participants

New England Controls, Inc.'s New England Controls, Inc. Employee Stock Ownership Plan reported $89M in total assets and 442 participants in its 2024 DOL Form 5500 filing, ranking in the 90th 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.

  • #15,052 in Manufacturing (17,777 peers)

Where New England Controls, Inc. Employee Stock Ownership Plan sits by assets

New England Controls, Inc. Employee Stock Ownership Plan sits in the top 10% of all filed plans by assets, $89M for 442 participants (~$200,458/participant), up 7.4% in 2024.

#15,052
in Manufacturing (17,777 peers)
+7.4%
assets growth YoY
0.9×
vs typical plan assets (national mean)

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

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

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

$88,602,233 Top 10% higher than 90% 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

New England Controls, 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. New England Controls, Inc. Employee Stock Ownership Plan sits mid-pack in the medium band (442 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • New England Controls, Inc. Employee Stock Ownership Plan reported net income rose from $4M in the plan year 2023 filing to $6M in the plan year 2024 filing.
  • New England Controls, Inc. Employee Stock Ownership Plan end-of-year assets rose from $82M in the plan year 2023 filing to $89M in the plan year 2024 filing.

See the national 2023→2024 release diff →

DOL schedule card

Filing strip 042389826 · New England Controls, Inc. PY 2024 · ESOP

New England Controls, Inc. Employee Stock Ownership Plan · $89M · 442 · 90th

  • PHOTO $89M
  • IND 442
  • EOY 90th
  • 5500 ESOP
  • ASSETS near Albert C. Kobayashi, Inc. Employee Stock Ownership Plan
  • PCT ind #15052

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 →

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

Duramax Global Corp Employee Stock Ownership PlanDuramax Global Corp Employee…$89MEagle Alloy, Inc. Employee Stock Ownership PlanEagle Alloy, Inc. Employee S…$89MAlbert C. Kobayashi, Inc. Employee Stock Ownership PlanAlbert C. Kobayashi, Inc. Em…$89MNew England Controls, Inc. Employee Stock Ownership PlanNew England Controls, Inc. E…$89MEquipment & Controls, Inc. Employee Stock Savings PlanEquipment & Controls, Inc. E…$88M
End-of-year total assets ($M) among New England Controls, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2024.

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$82M
Net Assets (End of Year)$89M
Net Income$6M
Employer EIN042389826
Plan Effective Date1986-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (New England Controls, Inc.)

Sponsor-wide plan assets over time

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

Latest sponsor-wide plan assets
$129M 14.540010170911314% vs 2022
2024 filing year
$110M$115M$120M$125M$130M$135M 202220232024 $113M $129M ▲ +14.5%
Year Plans Participants Total Assets
2022 2 753 $113M
2023 2 918 $121M
2024 2 929 $129M

Nearby ESOP Plans in Massachusetts

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

New England Controls, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Massachusetts, assets vs. participants Scatter plot of 6 data points. 0500100015002000 0200400600800 Total assets ($M) Participants New England Controls, Inc. Employee Stock Ownership Plan, Total assets ($M): 88.602233 · Participants: 442New England Controls, 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
New England Controls, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Massachusetts, assets vs. participants
Compare New England Controls, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

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

Outside Massachusetts, the nearest ESOP by assets is Albert C. Kobayashi, Inc. Employee Stock Ownership Plan in HI ($89M); by covered participants it is Central Employees Stock Ownership Plan and Trust in KY (442 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (442 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 New England Controls, Inc. Employee Stock Ownership Plan assets move in 2024? ▼
New England Controls, Inc. Employee Stock Ownership Plan grew at a solid clip - up 7.4% during 2024, from $82M to $89M. Reported net income was $6M.
How have New England Controls, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), New England Controls, Inc.'s sponsor-wide assets grew 14.5%, from $113M to $129M.
Where does New England Controls, Inc. Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
New England Controls, Inc. Employee Stock Ownership Plan ranks in the 90th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top 10% of all filed plans by assets).
Which ESOP plans are similar in size to New England Controls, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Albert C. Kobayashi, Inc. Employee Stock Ownership Plan in HI ($89M, 104 participants).
Which ESOP plans cover a similar participant headcount to New England Controls, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Central Employees Stock Ownership Plan and Trust in KY (442 participants, $45M 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 042389826.

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.