ESOP · DOL Form 5500 · 2023

Spinnaker Trust ESOP

Data updated 2026-08-25

$2M
Total assets Small plan by assets
34
Participants Small participant base
29th
Percentile by assets National rank
$51,023
Avg per participant Low balance/head
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Official DOL plan name: Spinnaker Trust Employee Stock Ownership Plan · Sponsored by Spinnaker Trust · Maine · Finance & Insurance

$2M in assets, 34 participants

Spinnaker Trust's Spinnaker Trust Employee Stock Ownership Plan reported $2M in total assets and 34 participants in its 2023 DOL Form 5500 filing, ranking in the 29th 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.

  • #1,727 in Finance & Insurance (8,869 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 $2M / 34 participants.

#1,727
in Finance & Insurance (8,869 peers)
+15.7%
assets growth YoY

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 2023 · DOL Form 5500

$1,734,785 29th percentile higher than 29% of 127,068 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 2023

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

Plan-year 2023 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 (34 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Spinnaker Trust Employee Stock Ownership Plan reported net income rose from -$145K in the plan year 2022 filing to $236K in the plan year 2023 filing.
  • Spinnaker Trust Employee Stock Ownership Plan reported participants rose from 29 in the plan year 2022 filing to 34 in the plan year 2023 filing.
  • Spinnaker Trust Employee Stock Ownership Plan end-of-year assets rose from $1M in the plan year 2022 filing to $2M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 010513167 · Spinnaker Trust PY 2023 · ESOP

Spinnaker Trust Employee Stock Ownership Plan · $2M · 34 · 29th

  • BOY $2M
  • BOY 34
  • BOY 29th
  • BOY ESOP
  • BOY near Stetson Engineers, Inc. Employee Stock Ownership Plan
  • BOY ind #1727

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

Stetson Engineers, Inc. Employee Stock Ownership PlanStetson Engineers, Inc. Empl…$2MLbtc Holdings, Inc. Employee Stock Ownership PlanLbtc Holdings, Inc. Employee…$2MCrisis Preparation and Recovery, Inc. Employee Stock Ownership PlanCrisis Preparation and Recov…$2MSpinnaker Trust Employee Stock Ownership PlanSpinnaker Trust Employee Sto…$2MCmt Inc. Employee Stock Ownership PlanCmt Inc. Employee Stock Owne…$2M
End-of-year total assets ($M) among Spinnaker Trust Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

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 (2023)

Total Assets (Beginning of Year)$1M
Net Assets (End of Year)$2M
Net Income$236K
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. 0100200300400500600 -50050100150 Total assets ($M) Participants Spinnaker Trust Employee Stock Ownership Plan, Total assets ($M): 1.734785 · Participants: 34Spinnaker Trust Employee Stock Ownership PlanSc Holdings, Inc. Employee Stock Ownership Plan, Total assets ($M): 95.45285 · Participants: 479Sc Holdings, Inc. Employee Stock Ownership PlanMaine Drilling & Blasting Group Employee Stock Ownership Plan, Total assets ($M): 84.621407 · Participants: 425Maine Drilling & Blasting Group Employee Stock Ownership PlanJohnnys Selected Seeds Employee Stock Ownership Plan, Total assets ($M): 64.27302 · Participants: 249Johnnys Selected Seeds Employee Stock Ownership PlanSystems Engineering, Inc. Employee Stock Ownership Plan, Total assets ($M): 47.084805 · Participants: 175Systems Engineering, Inc. Employee Stock Ownership PlanPortland Air Freight, Inc. Employee Stock Ownership Plan, Total assets ($M): 45.49657 · Participants: 85Portland Air Freight, 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 Stetson Engineers, Inc. Employee Stock Ownership Plan in CA ($2M); by covered participants it is Rincon Technology, Inc. Employee Stock Ownership Plan in TX (34 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (34 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. 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 2023? ▼
Spinnaker Trust Employee Stock Ownership Plan grew sharply - up 15.7% during 2023, from $1M to $2M. Reported net income was $236K.
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 Stetson Engineers, Inc. Employee Stock Ownership Plan in CA ($2M, 47 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 Rincon Technology, Inc. Employee Stock Ownership Plan in TX (34 participants, $6M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

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.