How big is Bankprov's plan?

Bankprov's plan reported $15.9M in assets and 175 participants for 2024.

Original filing (PDF)20250710105746NAL0005452001001

Bankprov

Name: Bankprov — Bankprov Employee Stock Ownership Plan, Form 5500 (2024)
Creator: Bankprov
License: https://www.usa.gov/government-works

Form 5500

FILING_RECEIVED

Bankprov Employee Stock Ownership Plan

Defined-contribution retirement plan · Bankprov's Bankprov Employee Stock Ownership Plan held $15.9M in plan assets for 175 participants in 2024.

Signals · 3

100% in single holding100% employer stockNo recordkeeper disclosed

Active participants

175

Accounts w/ balance

256

Plan assets (EOY)

$15.9M

Net assets (EOY)

$8.8M

People on this filing

Kenneth Fisher signed Bankprov's 2024 Form 5500 as plan administrator.

Kenneth Fisher — Plan Administrator — Form 5500 signer

Get verified email & phone for these signers

Signer names are public record from the Form 5500 e-signature.

Plan identifiers

Bankprov's EIN is 04-3497377.

EIN 04-3497377

Plan number 003

Plan year 2024

ACK ID 20250710105746NAL0005452001001

Official Form 5500 document

Download the official 2024 Form 5500 (PDF) for Bankprov from the U.S. Department of Labor's EFAST2 system.

Download the official 2024 Form 5500 (PDF)

Plan features

Bankprov's plan includes a leveraged ESOP.

Decision-maker contacts

One unlock reveals every key decision-maker — plan signer, CFO, HR & Benefits — with verified email + LinkedIn for BANKPROV.

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How this plan invests

This plan

1 securities

funds · stocks · CUSIPs

Holdings are itemized directly on this plan's Schedule of Assets, below.

Plan health score

Top-tier plan health

Directional indicator from public Form 5500 data — compliance & integrity, total plan cost, participant health and vendor stack, benchmarked against same-size peers. Not a fiduciary tool.

Compliance & integrity

Total plan cost

100

Plan health

Vendor & structure

100

Knocking points off

100% of assets in employer securities (concentration risk).

Helping the score

Below-peer total plan cost (99th percentile).

Plan sponsor

Name

BANKPROV

EIN

all filings

Address

5 MARKET ST · AMESBURY, MA · 01913

Phone

(978) 388-0050

Industry

Finance & Insurance

Plan administrator

Same as plan sponsor.

Plan characteristics

Plan number

003

Plan year

2024

Plan year begin

2024-01-01

Tax period

2024-12-31

Filed

2025-07-10

Pension benefit codes

2I · Stock bonus

2P · Leveraged ESOP

3H · Sponsor in controlled / affiliated group

3I · Requires investment in employer securities

Audit & trust (Schedule H)

Auditor

CARON & BLETZER, PLLC

Trustee / custodian

—

Trustee phone

—

Service providers (Schedule C)

No Schedule C providers reported

Investments

1 direct security· $15.9M(100% of reported assets)

PI						% of plan
	Provident Bancorp, Inc. Common stock	Common Stocks	—	$11.2M	$15.9M	100.0%

1–1 of 1

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