Shawmut Group Inc.ESOP
SHAWMUT GROUP EMPLOYEE STOCK OWNERSHIP PLAN · BOSTON, MA · plan year 2023
Shawmut Group Inc.'s 2023 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 $246,892,365 across 1,168 participant accounts, with employer contributions averaging $6,531 per active participant. See methodology for what Form 5500 does and doesn't capture.
The plan sits in the $50M–$250M size bracket, benchmarked here against 9,317 comparable plans and shown alongside other construction employers. By assets it is the 215th-largest of 2,726 plans among Massachusetts employers on file, and the 273rd of 5,337 in construction.
Shawmut Group Inc.'s 2023 employer contribution ran above the $3,659 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.
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Source: U.S. Department of Labor, Form 5500 series, EIN 813645861 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.