Plan Ledger DOL Form 5500 · updated monthly

Cambridge BancorpESOP

CAMBRIDGE BANCORP EMPLOYEE STOCK OWNERSHIP PLAN · CAMBRIDGE, MA · plan year 2022

Employer contribution per participant · 2022
$2,410

Cambridge Bancorp's 2022 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $22,711,538 across 516 participant accounts, with employer contributions averaging $2,410 per active participant. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the $10M–$50M size bracket, benchmarked here against 26,806 comparable plans and shown alongside other finance & insurance employers. By assets it is the 1,206th-largest of 2,726 plans among Massachusetts employers on file, and 2,855th of 4,798 in finance & insurance.

Plan summary
Net assets, end of year$22,711,538
Participants with balances516
Active participants332
Employer contributions$800,027
Employee contributions—
Employer contribution per active participant$2,410
Average account balance$44,015
Benefits paid to participants$3,265,849
Plan auditUnmodified (clean) audit opinion
AuditorBAKER NEWMAN NOYES, LLC
Plan history4
Yearassets · accounts · employer contribution
2025$0
2024$19.6M · 447 accts
2023$17.8M · 523 accts · $850K emplr
2022$22.7M · 516 accts · $800K emplr
Employer contributions to the Cambridge Bancorp plan · 2022
Employer contribution per active participant$2,410
Median for plans this size$2,266
2023$2,591 per active participant
2022$2,410 per active participant

Cambridge Bancorp's 2022 employer contribution ran above the $2,266 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

Administrative cost history4
2025Not separately reported
2024Not separately reported
2023Not separately reported
2022Not separately reported
Similar plansFinance & Insurance · Massachusetts
Carroll Enterprises, Inc. MA$23.2M · 0.28%
Direct Federal Credit Union MA$23.0M · 0.02%
Battery Management Corp. MA$22.8M · 0.01%
Moors & Cabot, Inc. MA$22.7M · 0.12%
Align Credit Union MA$22.5M · 0.21%
Ra Capital Management LLC MA$21.5M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 042777442 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.