ESOP · DOL Form 5500 · 2023

Portland Air Freight, Inc. ESOP

Data updated 2026-08-25

$45M
Total assets Below avg plan size
85
Participants Small participant base
85th
Percentile by assets National rank
$535,254
Avg per participant High balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Portland Air Freight, Inc. Employee Stock Ownership Plan · Sponsored by Portland Air Freight, Inc. · Maine · Transportation & Warehousing

$45M in assets, 85 participants

Portland Air Freight, Inc.'s Portland Air Freight, Inc. Employee Stock Ownership Plan reported $45M in total assets and 85 participants in its 2023 DOL Form 5500 filing, ranking in the 85th 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.

  • #2,793 in Transportation & Warehousing (3,362 peers)

Where Portland Air Freight, Inc. Employee Stock Ownership Plan sits by assets

Portland Air Freight, Inc. Employee Stock Ownership Plan sits in the top quartile of all filed plans by assets, $45M for 85 participants (~$535,254/participant), up 13.0% in 2023.

#2,793
in Transportation & Warehousing (3,362 peers)
+13.0%
assets growth YoY
0.5×
vs typical plan assets (national mean)

Portland Air Freight, Inc. Employee Stock Ownership Plan's outsized position by total assets

Portland Air Freight, Inc. Employee Stock Ownership Plan vs every filed plan by assets

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

$45,496,570 Top 15% higher than 85% 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

Portland Air Freight, Inc. 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. Portland Air Freight, Inc. Employee Stock Ownership Plan is a small filing (85 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Portland Air Freight, Inc. Employee Stock Ownership Plan reported net income fell from $5M in the plan year 2022 filing to $854K in the plan year 2023 filing.
  • Portland Air Freight, Inc. Employee Stock Ownership Plan end-of-year assets rose from $40M in the plan year 2022 filing to $45M in the plan year 2023 filing.
  • Portland Air Freight, Inc. Employee Stock Ownership Plan reported participants rose from 82 in the plan year 2022 filing to 85 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 010384794 · Portland Air Freight, Inc. PY 2023 · ESOP

Portland Air Freight, Inc. Employee Stock Ownership Plan · $45M · 85 · 85th

  • RANK $45M
  • PHOTO 85
  • IND 85th
  • EOY ESOP
  • 5500 near Reformed Truescripts Holdings, Inc. Employee Stock Ownership Plan
  • ASSETS ind #2793

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 →

Portland Air Freight, Inc. Employee Stock Ownership Plan in the asset neighbourhood

Reformed Truescripts Holdings, Inc. Employee Stock Ownership PlanReformed Truescripts Holding…$46MPortland Air Freight, Inc. Employee Stock Ownership PlanPortland Air Freight, Inc. E…$45MBoston, Inc. Employee Stock Ownership PlanBoston, Inc. Employee Stock …$45MDe Corp. Employee Stock Ownership PlanDe Corp. Employee Stock Owne…$45MMerchants Financial Group, Inc. Employee Stock Ownership PlanMerchants Financial Group, I…$45M
End-of-year total assets ($M) among Portland Air Freight, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$40M
Net Assets (End of Year)$38M
Net Income$854K
Employer EIN010384794
Plan Effective Date2011-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Portland Air Freight, Inc.)

Sponsor-wide plan assets over time

All Portland Air Freight, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$55M 24.445413569291485% vs 2022
2024 filing year
$40M$45M$50M$55M$60M 202220232024 $44M $54.7M ▲ +24.4%
Year Plans Participants Total Assets
2022 2 192 $44M
2023 2 186 $50M
2024 2 181 $55M

Nearby ESOP Plans in Maine

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

Portland Air Freight, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Maine, assets vs. participants Scatter plot of 6 data points. 0100200300400500 20406080100 Total assets ($M) Participants Portland Air Freight, Inc. Employee Stock Ownership Plan, Total assets ($M): 45.49657 · Participants: 85Portland Air Freight, 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 PlanMoody's Co-Worker Owned Employee Stock Ownership Plan, Total assets ($M): 32.555121 · Participants: 242Moody's Co-Worker Owned Employee Stock Ownership Plan
Portland Air Freight, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Maine, assets vs. participants
Compare Portland Air Freight, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

Portland Air Freight, Inc. Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Maine, the nearest ESOP by assets is Reformed Truescripts Holdings, Inc. Employee Stock Ownership Plan in IN ($46M); by covered participants it is Citadel Environmental Services, Inc. Employee Stock Ownership Plan in CA (85 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (85 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 Portland Air Freight, Inc. Employee Stock Ownership Plan assets move in 2023? ▼
Portland Air Freight, Inc. Employee Stock Ownership Plan grew at a solid clip - up 13.0% during 2023, from $40M to $45M. Reported net income was $854K.
How have Portland Air Freight, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Portland Air Freight, Inc.'s sponsor-wide assets grew 24.4%, from $44M to $55M.
Where does Portland Air Freight, Inc. Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
Portland Air Freight, Inc. Employee Stock Ownership Plan ranks in the 85th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which ESOP plans are similar in size to Portland Air Freight, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Reformed Truescripts Holdings, Inc. Employee Stock Ownership Plan in IN ($46M, 113 participants).
Which ESOP plans cover a similar participant headcount to Portland Air Freight, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Citadel Environmental Services, Inc. Employee Stock Ownership Plan in CA (85 participants, $9M 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 010384794.

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.