ESOP · DOL Form 5500 · 2023

Reed and Reed ESOP

Data updated 2026-08-25

$13M
Total assets Small plan by assets
134
Participants Small participant base
65th
Percentile by assets National rank
$100,736
Avg per participant Below avg balance/head
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Official DOL plan name: Reed & Reed, Inc. Employee Stock Ownership Plan · Sponsored by Reed and Reed · Maine · Construction

$13M in assets, 134 participants

Reed and Reed's Reed & Reed, Inc. Employee Stock Ownership Plan reported $13M in total assets and 134 participants in its 2023 DOL Form 5500 filing, ranking in the 65th 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.

  • #5,741 in Construction (9,030 peers)

Coverage in Maine

Reed & Reed, Inc. Employee Stock Ownership Plan covers 134 participants in Maine, about 28% of the average Maine filer (state average ~472 per filing). Assets: $13M.

#5,741
in Construction (9,030 peers)
+43.3%
assets growth YoY

Reed & Reed, Inc. Employee Stock Ownership Plan's mid-pack asset rank among Construction and all filers

Reed & Reed, Inc. Employee Stock Ownership Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$13,498,644 Top 35% higher than 65% 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

Reed & Reed, Inc. Employee Stock Ownership Plan among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Reed & Reed, Inc. Employee Stock Ownership Plan sits mid-pack in the medium band (134 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Reed & Reed, Inc. Employee Stock Ownership Plan reported net income rose from $97K in the plan year 2022 filing to $4M in the plan year 2023 filing.
  • Reed & Reed, Inc. Employee Stock Ownership Plan end-of-year assets rose from $9M in the plan year 2022 filing to $13M in the plan year 2023 filing.
  • Reed & Reed, Inc. Employee Stock Ownership Plan reported participants fell from 141 in the plan year 2022 filing to 134 in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 010378835 · Reed and Reed PY 2023 · ESOP

Reed & Reed, Inc. Employee Stock Ownership Plan · $13M · 134 · 65th

  • EOY $13M
  • 5500 134
  • ASSETS 65th
  • PCT ESOP
  • EIN near Randy's Carpets & Interiors Employee Stock Ownership Plan and Trust
  • RANK ind #5741

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 →

Reed & Reed, Inc. Employee Stock Ownership Plan in the asset neighbourhood

Rudy's Markets, Inc. Employee Stock Ownership Plan and TrustRudy's Markets, Inc. Employe…$14MRandy's Carpets & Interiors Employee Stock Ownership Plan and TrustRandy's Carpets & Interiors …$14MReed & Reed, Inc. Employee Stock Ownership PlanReed & Reed, Inc. Employee S…$13MBank of Marin Employee Stock Ownership PlanBank of Marin Employee Stock…$13MO. K. Tire Store, Inc Employee Stock Ownership PlanO. K. Tire Store, Inc Employ…$13M
End-of-year total assets ($M) among Reed & Reed, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

Maine filing particulars

Total Assets (Beginning of Year)$9M
Net Assets (End of Year)$13M
Net Income$4M
Employer EIN010378835
Plan Effective Date2016-02-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Reed and Reed)

Sponsor-wide plan assets over time

All Reed and Reed plans reported in each filing year

Latest sponsor-wide plan assets
$63M 48.85484784556532% vs 2022
2024 filing year
$40M$50M$60M$70M 202220232024 $42.4M $63.1M ▲ +48.9%
Year Plans Participants Total Assets
2022 2 292 $42M
2023 2 277 $50M
2024 2 312 $63M

Nearby ESOP Plans in Maine

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

Reed & Reed, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Maine, assets vs. participants Scatter plot of 6 data points. 0100200300400500 020406080100 Total assets ($M) Participants Reed & Reed, Inc. Employee Stock Ownership Plan, Total assets ($M): 13.498644 · Participants: 134Reed & Reed, Inc. 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
Reed & Reed, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Maine, assets vs. participants
Compare Reed & Reed, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

Reed & Reed, Inc. Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Maine, the nearest ESOP by assets is Randy's Carpets & Interiors Employee Stock Ownership Plan and Trust in IA ($14M); by covered participants it is Scj Alliance Consulting Services Employee Stock Ownership Plan and Trust in WA (134 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (134 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 Reed & Reed, Inc. Employee Stock Ownership Plan assets move in 2023? ▼
Reed & Reed, Inc. Employee Stock Ownership Plan surged - up 43.3% during 2023, from $9M to $13M. Reported net income was $4M.
How have Reed and Reed plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Reed and Reed's sponsor-wide assets grew 48.9%, from $42M to $63M.
Which ESOP plans are similar in size to Reed & Reed, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Randy's Carpets & Interiors Employee Stock Ownership Plan and Trust in IA ($14M, 54 participants).
Which ESOP plans cover a similar participant headcount to Reed & Reed, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Scj Alliance Consulting Services Employee Stock Ownership Plan and Trust in WA (134 participants, $3M 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 010378835.

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.