Employee Stock Ownership Plan Of Westfield Financial, Inc. — Form 5500 plan (Western New England Bancorp, Inc.)
Plain-English plan summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Employee Stock Ownership Plan Of Westfield Financial, Inc. is a benefit plan reported by Western New England Bancorp, Inc. under EIN 73-1627673 and plan number 003. The latest loaded filing year is 2023. The filing reports 420 participants and $15,092,556 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Western New England Bancorp, Inc.
- EIN
- 73-1627673
- Plan number
- 003
- Plan type
- 2
- Location
- Westfield, MA
- Latest filing year
- 2023
- Participants
- 420
- End-of-year plan assets
- $15,092,556
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 420 | H | 20240729101826NAL0019219425001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $15,092,556
- Total liabilities (EOY)
- $3,049,802
- Net assets (EOY)
- $12,042,754
- Net assets (BOY)
- $12,451,417
Income & contributions
- Employer contributions
- $830,021
- Total contributions
- $830,021
- Total income / additions
- $488,787
Expenses & distributions
- Benefits paid
- $595,823
- Administrative expenses
- $25
- Total expenses
- $891,577
- Net increase / (decrease)
- -$402,790
Service provider compensation (Schedule C)
No Schedule C service provider compensation is loaded for this plan yet.