ESOP · DOL Form 5500 · 2022

Spinnaker Trust ESOP

Data updated 2026-08-25

$1M
Total assets Small plan by assets
29
Participants Small participant base
30th
Percentile by assets National rank
$51,693
Avg per participant Low balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Spinnaker Trust Employee Stock Ownership Plan · Sponsored by Spinnaker Trust · Maine · Finance & Insurance

$1M in assets, 29 participants

Spinnaker Trust's Spinnaker Trust Employee Stock Ownership Plan reported $1M in total assets and 29 participants in its 2022 DOL Form 5500 filing, ranking in the 30th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #1,855 in Finance & Insurance (9,261 peers)

Spinnaker Trust multi-year trail

Spinnaker Trust's plans moved +43.5% in assets from 2022 to 2024; this filing shows Spinnaker Trust Employee Stock Ownership Plan at $1M / 29 participants.

#1,855
in Finance & Insurance (9,261 peers)
-8.8%
assets change YoY

The plan reported a net loss of $145K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Spinnaker Trust Employee Stock Ownership Plan among the smaller filed plans by assets

Spinnaker Trust Employee Stock Ownership Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$1,499,111 30th percentile higher than 30% of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

Spinnaker Trust Employee Stock Ownership Plan among smaller filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Spinnaker Trust Employee Stock Ownership Plan is a small filing (29 participants) on this national headcount ladder.

Form 5500 schedule snapshot

Filing strip 010513167 · Spinnaker Trust PY 2022 · ESOP

Spinnaker Trust Employee Stock Ownership Plan · $1M · 29 · 30th

  • EBSA $1M
  • PART 29
  • TYPE 30th
  • NET ESOP
  • BOOK near Paddock Construction Company Employee Stock Ownership Plan
  • VS-ST ind #1855

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with What is an ESOP? → · Plans in Maine →

Spinnaker Trust Employee Stock Ownership Plan in the asset neighbourhood

Spinnaker Trust Employee Stock Ownership PlanSpinnaker Trust Employee Sto…$1MPaddock Construction Company Employee Stock Ownership PlanPaddock Construction Company…$1MMetco Services, Inc. Employee Stock Ownership Plan and Trust AgreementMetco Services, Inc. Employe…$2MIrp Group, Inc. Employee Stock Ownership PlanIrp Group, Inc. Employee Sto…$2MMiller-Newell Engineers, Inc. Employee Stock Ownership PlanMiller-Newell Engineers, Inc…$2M
End-of-year total assets ($M) among Spinnaker Trust Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2022.

Spinnaker Trust multi-year asset trail

Sponsor-wide plan assets over time

All Spinnaker Trust plans reported in each filing year

Latest sponsor-wide plan assets
$2M 43.463159165665516% vs 2022
2024 filing year
$1.4M$1.6M$1.8M$2M$2.2M$2.4M 202220232024 $1.5M $2.15M ▲ +43.3%
Year Plans Participants Total Assets
2022 1 29 $1M
2023 1 34 $2M
2024 1 36 $2M

Spinnaker Trust filing trail (2022)

Total Assets (Beginning of Year)$2M
Net Assets (End of Year)$1M
Net Income-$145K
Employer EIN010513167
Plan Effective Date2001-08-01
Filing StatusFILING RECEIVED

Nearby ESOP Plans in Maine

Peer ESOP plans, same state, same plan type, ranked by total assets.

Spinnaker Trust Employee Stock Ownership Plan vs. nearby ESOP plans in Maine, assets vs. participants Scatter plot of 6 data points. 0100200300400 -20020406080 Total assets ($M) Participants Spinnaker Trust Employee Stock Ownership Plan, Total assets ($M): 1.499111 · Participants: 29Spinnaker Trust Employee Stock Ownership PlanMaine Drilling and Blasting Group Employee Stock Ownership Plan, Total assets ($M): 73.690099 · Participants: 321Maine Drilling and Blasting Group Employee Stock Ownership PlanSc Holdings, Inc. Employee Stock Ownership Plan, Total assets ($M): 71.344 · Participants: 345Sc Holdings, Inc. Employee Stock Ownership PlanJohnnys Selected Seeds Employee Stock Ownership Plan, Total assets ($M): 57.938208 · Participants: 252Johnnys Selected Seeds Employee Stock Ownership PlanPortland Air Freight, Inc. Employee Stock Ownership Plan, Total assets ($M): 40.272983 · Participants: 82Portland Air Freight, Inc. Employee Stock Ownership PlanSystems Engineering, Inc. Employee Stock Ownership Plan, Total assets ($M): 40.17674 · Participants: 169Systems Engineering, Inc. Employee Stock Ownership Plan
Spinnaker Trust Employee Stock Ownership Plan vs. nearby ESOP plans in Maine, assets vs. participants
Compare Spinnaker Trust Employee Stock Ownership Plan side-by-side with 3 peers →

Spinnaker Trust Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Maine, the nearest ESOP by assets is Paddock Construction Company Employee Stock Ownership Plan in SC ($1M); by covered participants it is Mckenna Enigineering & Equipment Company, Inc. Employee Stock Ownership Plan in CA (29 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (29 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Spinnaker Trust Employee Stock Ownership Plan assets move in 2022? ▼
Spinnaker Trust Employee Stock Ownership Plan pulled back noticeably - down 8.8% during 2022, from $2M to $1M. Reported net income was -$145K.
How have Spinnaker Trust plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Spinnaker Trust's sponsor-wide assets grew 43.5%, from $1M to $2M.
Which ESOP plans are similar in size to Spinnaker Trust Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Paddock Construction Company Employee Stock Ownership Plan in SC ($1M, 29 participants).
Which ESOP plans cover a similar participant headcount to Spinnaker Trust Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Mckenna Enigineering & Equipment Company, Inc. Employee Stock Ownership Plan in CA (29 participants, N/A in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 010513167.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.