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Original filing (PDF)20250710105608NAL0003434691001
BANKPROV
Form 5500
FILING_RECEIVED
BANKPROV 401(K) PLAN
401(k) retirement plan
Signals · 2
13% employer stockNo recordkeeper disclosed
Active participants
175
Accounts w/ balance
232
Plan assets (EOY)
$26.1M
Net assets (EOY)
$26.1M
How this plan invests
This plan
1 pooled trust
Schedule D
27 securities
funds · stocks · CUSIPs
Holdings are itemized directly on this plan's Schedule of Assets, below.
Plan health score (directional)
96
/ 100
Grade A
Top-tier plan health
Directional indicator computed from public Form 5500 data — compliance, concentration, cost, vendor stack and participation. Not a fiduciary tool.
Compliance & disclosures
100
Concentration risk
88
Total plan cost
100
Vendor stack
80
Participation health
100
Knocking points off
- 13% of plan in employer / sponsor stock.
- No recordkeeper disclosed on Schedule C.
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for BANKPROV.
Plan sponsor
Name
BANKPROV
EIN
04-3497377
Address
5 MARKET STREET · AMESBURY, MA · 019132408
Phone
(978) 834-8517
Industry
Finance & Insurancesee all
Plan administrator
Same as plan sponsor.
Plan characteristics
Plan number
002
Plan year
2024
Plan year begin
2024-01-01
Tax period
2024-12-31
Filed
2025-07-10
Pension benefit codes
2E · Profit-sharing
2F · ERISA section 404(c)
2G · Total participant-directed accounts
2J · 401(k) feature
2K · 401(m) arrangement
2S · Automatic enrollment
2T · Default investment account (QDIA)
3D · Pre-approved plan (master / prototype / VS)
3H · Sponsor in controlled / affiliated group
Audit & trust (Schedule H)
Auditor
CARON & BLETZER, PLLC
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
2 rowsAdvisor / Consultant
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| COMMERCE STREET INVESTMENT MANAGEME | 26-0180443 | — | INVESTMENT ADVISORY | $29K | — |
TPA / Administrator
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | 42-0127290 | — | CONTRACT ADMINISTRATOR | $55K | — |
Investments
26 direct securities · 1 pooled fund· $26.0M(100% of reported assets)
Rows tagged as a trust or pooled fund hold many underlying securities. Click one to drill into its own Schedule of Assets — where the individual funds, shares, and CUSIPs live.
Uncategorized
$25.3M
26 holdings
Common Collective Trust
$718K
1 holding
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| R6 Fidelity 500 Index Fund " | — | — | — | $4.4M | 16.8% | |
| Provident Bancorp, Inc. Common stock | — | — | — | $3.4M | 13.1% | |
| Vanguard Int-TM Bond Index ADM Fund " | — | — | — | $2.9M | 11.2% | |
| Vanguard Mid Cap Index Adm Fund " | — | — | — | $2.7M | 10.4% | |
| Fund Vanguard Dev Market Index ADM Fund " | — | — | — | $1.3M | 5.2% | |
| Victory ST Bond Inst Fund " | — | — | — | $1.3M | 5.1% | |
| R6 American Funds Target Date Retirement 2045 Fund " | — | — | — | $1.3M | 4.9% | |
| Vanguard Hi Div Yld Idx Adm Fund " | — | — | — | $1.2M | 4.8% | |
| R6 American Funds Target Date Retirement 2050 Fund " | — | — | — | $944K | 3.6% | |
| Vanguard Small Cap Index Adm Fund " | — | — | — | $878K | 3.4% | |
| Vanguard Treasury MM Inv Fund Mutual fund | — | — | — | $855K | 3.3% | |
| COHEN & STEERS US REALTY RS FD SEI TRUST COMPANY · EIN 46-3411346 / PN 064 | Common Collective Trust | — | — | $718K | 2.8% | |
| R6 American Funds Target Date Retirement 2035 Fund " | — | — | — | $633K | 2.4% | |
| BrandywineGLBL Corp Crd IS Fund " | — | — | — | $592K | 2.3% | |
| Dimensional Fund Advisors Emerging Markets I Fund " | — | — | — | $465K | 1.8% | |
| R6 American Funds Target Date Retirement 2040 Fund " | — | — | — | $346K | 1.3% | |
| Notes Receivable from Participants (5.25% - 10.50%) - 0 - | — | — | — | $322K | 1.2% | |
| R6 American Funds Target Date Retirement 2055 Fund " | — | — | — | $278K | 1.1% | |
| R6 American Funds Target Date Retirement 2060 Fund " | — | — | — | $268K | 1.0% | |
| R6 American Funds Target Date Retirement 2030 Fund " | — | — | — | $253K | 1.0% | |
| TCW Emerging Markets Inc I Fund " | — | — | — | $199K | 0.8% | |
| Vanguard Mid Cap Value Index Adm Fund " | — | — | — | $189K | 0.7% | |
| Vanguard Small Cap Value Idx Adm Fund " | — | — | — | $147K | 0.6% | |
| Dimensional Fund Advisors International SC Val " | — | — | — | $122K | 0.5% | |
| R6 American Funds Target Date Retirement 2065 Fund " | — | — | — | $84K | 0.3% | |
| R6 American Funds Target Date Retirement 2025 Fund " | — | — | — | $43K | 0.2% | |
| American Funds Target Date Retirement 2020 Fund " | — | — | — | $5K | <0.1% |
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