ESOP · DOL Form 5500 · 2023
Tompkins Trust Company ESOP
Data updated 2026-08-11
- $37M
- Total assets
- 907
- Participants
- 82nd
- Percentile by assets
- $40,671
- Avg per participant
Official DOL plan name: Tompkins Financial Corporation Employee Stock Ownership Plan · Sponsored by Tompkins Trust Company · New York · Finance & Insurance
$37M in assets, 907 participants
Tompkins Trust Company's Tompkins Financial Corporation Employee Stock Ownership Plan reported $37M in total assets and 907 participants in its 2023 DOL Form 5500 filing, ranking in the 82nd 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.
- 82nd percentile by assets (of 127,072 plans)
- #6,433 in Finance & Insurance (8,869 peers)
Where Tompkins Financial Corporation Employee Stock Ownership Plan sits by assets
Tompkins Financial Corporation Employee Stock Ownership Plan sits in the top quartile of all filed plans by assets, $37M for 907 participants (~$40,671/participant), down 25.7% in 2023.
- $37M
- total plan assets (2023 EOY)
- 907
- covered participants
- 82nd
- percentile by assets (of 127,072 plans)
- $40,671
- avg assets per participant
The plan reported a net loss of $13M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Tompkins Financial Corporation Employee Stock Ownership Plan reported net income fell from -$2M in the plan year 2022 filing to -$13M in the plan year 2023 filing.
- Tompkins Financial Corporation Employee Stock Ownership Plan end-of-year assets fell from $50M in the plan year 2022 filing to $37M in the plan year 2023 filing.
- Tompkins Financial Corporation Employee Stock Ownership Plan reported participants fell from 932 in the plan year 2022 filing to 907 in the plan year 2023 filing.
Tompkins Financial Corporation Employee Stock Ownership Plan vs the 2023 asset distribution
By assets, Tompkins Financial Corporation Employee Stock Ownership Plan outranks 82% of the 127,072 plans that filed a Form 5500 for the 2023 plan year, and holds roughly 0.4x the national average plan size of $100M (721 average participants).
Scale-class filing particulars (2023)
| Total Assets (Beginning of Year) | $50M |
|---|---|
| Net Assets (End of Year) | $37M |
| Net Income | -$13M |
| Employer EIN | 150470650 |
| Plan Effective Date | 2001-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Tompkins Trust Company)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 1,965 | $237M |
| 2023 | 2 | 1,945 | $244M |
| 2024 | 2 | 1,883 | $260M |
Nearby ESOP Plans in New York
Peer ESOP plans, same state, same plan type, ranked by total assets.
Tompkins Financial Corporation Employee Stock Ownership Plan vs. nearby ESOP plans in New York, assets vs. participants
- Stewart's Shops Corp Employee Stock Ownership Plan $877M · 3,439
- North Coast Holdings Employee Stock Ownership Plan $406M · 4,467
- Griffon Corporation Employee Stock Ownership Plan $299M · 3,674
- Greenman-Pedersen, Inc. Employee Stock Ownership Plan $248M · 1,704
- H.C. Wainwright & Co. Employee Stock Ownership Plan $242M · 93
Similar-Sized ESOP Plans Nationally
ESOP plans in other states closest to Tompkins Financial Corporation Employee Stock Ownership Plan by total assets, not by location.
- Thouvenot, Wade, Moerchen, Inc. Employee Stock Ownership Plan (IL) $37M · 101
- Cornerstone Holdings, Inc. Employee Stock Ownership Plan and Trust (AK) $37M · 37
- Mulberry's Independent Home Services, Inc. Employee Stock Ownership Plan (WV) $37M · 1,687
- General Engineering Co. of Virginia Employee Stock Ownership Plan and Trust (VA) $37M · 170
Frequently Asked Questions
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Ways to act on Tompkins Financial Corporation Employee Stock Ownership Plan's numbers.
- By total assets, Tompkins Financial Corporation Employee Stock Ownership Plan ranks in the top quartile of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar ESOP plans in New York. Compare plans
- Tompkins Trust Company's sponsor-wide assets have grown 10.1% since 2022 across 3 plan years on file. More Finance & Insurance plans