401(k) · DOL Form 5500 · 2023

Waters Aero-Marine, Inc. Dba Penobscot Island Air 401(k) Plan

Data updated 2026-08-25

$3M
Total assets Small plan by assets
12
Participants Small participant base
36th
Percentile by assets National rank
$257,227
Avg per participant Above avg balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Penobscot Island Air Employee Stock Ownership 401(k) Plan · Sponsored by Waters Aero-Marine, Inc. Dba Penobscot Island Air · Maine · Transportation & Warehousing

$3M in assets, 12 participants

Waters Aero-Marine, Inc. Dba Penobscot Island Air's Penobscot Island Air Employee Stock Ownership 401(k) Plan reported $3M in total assets and 12 participants in its 2023 DOL Form 5500 filing, ranking in the 36th 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.

  • #1,192 in Transportation & Warehousing (3,362 peers)

Waters Aero-Marine, Inc. Dba Penobscot Island Air multi-year trail

Waters Aero-Marine, Inc. Dba Penobscot Island Air's plans moved +157.6% in assets from 2022 to 2024; this filing shows Penobscot Island Air Employee Stock Ownership 401(k) Plan at $3M / 12 participants.

#1,192
in Transportation & Warehousing (3,362 peers)
+274.3%
assets growth YoY

Penobscot Island Air Employee Stock Ownership 401(k) Plan's mid-pack asset rank among Transportation & Warehousing and all filers

Penobscot Island Air Employee Stock Ownership 401(k) Plan vs every filed plan by assets

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

$3,086,729 36th percentile higher than 36% 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

Penobscot Island Air Employee Stock Ownership 401(k) 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. Penobscot Island Air Employee Stock Ownership 401(k) Plan is a small filing (12 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Penobscot Island Air Employee Stock Ownership 401(k) Plan reported net income rose from $53K in the plan year 2022 filing to $2M in the plan year 2023 filing.
  • Penobscot Island Air Employee Stock Ownership 401(k) Plan end-of-year assets rose from $825K in the plan year 2022 filing to $3M in the plan year 2023 filing.
  • Penobscot Island Air Employee Stock Ownership 401(k) Plan reported participants fell from 13 in the plan year 2022 filing to 12 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 202017905 · Waters Aero-Marine, Inc. Dba Penobscot Island Air PY 2023 · 401(k)

Penobscot Island Air Employee Stock Ownership 401(k) Plan · $3M · 12 · 36th

  • RANK $3M
  • PHOTO 12
  • IND 36th
  • EOY 401(k)
  • 5500 near Wallworks 401(k) Plan
  • ASSETS ind #1192

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 Transportation & Warehousing retirement plans → · Plans in Maine →

Penobscot Island Air Employee Stock Ownership 401(k) Plan in the asset neighbourhood

Penobscot Island Air Employee Stock Ownership 401(k) PlanPenobscot Island Air Employe…$3MWallworks 401(k) Plan$3MFuture Forwarding Company 401(k) PlanFuture Forwarding Company 40…$3MBimini Fred Holdings Company, Inc. 401(k) Profit Sharing PlanBimini Fred Holdings Company…$3MBriar Capital, L.P. 401(k) PlanBriar Capital, L.P. 401(k) P…$3M
End-of-year total assets ($M) among Penobscot Island Air Employee Stock Ownership 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Waters Aero-Marine, Inc. Dba Penobscot Island Air multi-year asset trail

Sponsor-wide plan assets over time

All Waters Aero-Marine, Inc. Dba Penobscot Island Air plans reported in each filing year

Latest sponsor-wide plan assets
$2M 157.61399066464386% vs 2022
2024 filing year
$0M$1M$2M$3M$4M 202220232024 $0.82M $2.12M ▲ +158.5%
Year Plans Participants Total Assets
2022 1 13 $825K
2023 1 12 $3M
2024 1 12 $2M

Waters Aero-Marine, Inc. Dba Penobscot Island Air filing trail (2023)

Total Assets (Beginning of Year)$825K
Net Assets (End of Year)$3M
Net Income$2M
Employer EIN202017905
Plan Effective Date2021-01-01
Filing StatusFILING RECEIVED

Nearby 401(k) Plans in Maine

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Penobscot Island Air Employee Stock Ownership 401(k) Plan vs. nearby 401(k) plans in Maine, assets vs. participants Scatter plot of 6 data points. -10000010000200003000040000 -20246 Total assets ($B) Participants Penobscot Island Air Employee Stock Ownership 401(k) Plan, Total assets ($B): 0.003086729 · Participants: 12Penobscot Island Air Employee Stock Ownership 401(k) PlanTd 401(k) Retirement Plan, Total assets ($B): 4.942173822 · Participants: 30094Td 401(k) Retirement PlanUnum Group 401(k) Retirement Plan, Total assets ($B): 2.163858906 · Participants: 9604Unum Group 401(k) Retirement PlanIdexx Retirement and Incentive Savings Plan, Total assets ($B): 1.048053529 · Participants: 6594Idexx Retirement and Incentive Savings PlanHannaford Bros. Co. 401(k) Plan, Total assets ($B): 0.986043827 · Participants: 29370Hannaford Bros. Co. 401(k) PlanL.L. Bean 401(k) Retirement Savings Plan, Total assets ($B): 0.721305706 · Participants: 7173L.L. Bean 401(k) Retirement Savings Plan
Penobscot Island Air Employee Stock Ownership 401(k) Plan vs. nearby 401(k) plans in Maine, assets vs. participants
Compare Penobscot Island Air Employee Stock Ownership 401(k) Plan side-by-side with 3 peers →

Penobscot Island Air Employee Stock Ownership 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Maine, the nearest 401(k) by assets is Wallworks 401(k) Plan in PA ($3M); by covered participants it is Maryland Home Care Solutions Retirement Plan in MD (12 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (12 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 Penobscot Island Air Employee Stock Ownership 401(k) Plan assets move in 2023? ▼
Penobscot Island Air Employee Stock Ownership 401(k) Plan surged - up 274.3% during 2023, from $825K to $3M. Reported net income was $2M.
How have Waters Aero-Marine, Inc. Dba Penobscot Island Air plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Waters Aero-Marine, Inc. Dba Penobscot Island Air's sponsor-wide assets grew 157.6%, from $825K to $2M.
Which 401(k) plans are similar in size to Penobscot Island Air Employee Stock Ownership 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Wallworks 401(k) Plan in PA ($3M, 80 participants).
Which 401(k) plans cover a similar participant headcount to Penobscot Island Air Employee Stock Ownership 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Maryland Home Care Solutions Retirement Plan in MD (12 participants, $2M 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 202017905.

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.