ESOP · DOL Form 5500 · 2024

Spinnaker Trust ESOP

Data updated 2026-08-25

$2M
Total assets Small plan by assets
36
Participants Small participant base
30th
Percentile by assets National rank
$59,741
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, 36 participants

Spinnaker Trust's Spinnaker Trust Employee Stock Ownership Plan reported $2M in total assets and 36 participants in its 2024 DOL Form 5500 filing, ranking in the 30th 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.

  • #1,644 in Finance & Insurance (8,549 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 / 36 participants.

#1,644
in Finance & Insurance (8,549 peers)
+24.0%
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 2024 · DOL Form 5500

$2,150,672 30th percentile higher than 30% of 123,620 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 2024

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

Plan-year 2024 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 (36 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Spinnaker Trust Employee Stock Ownership Plan reported net income rose from $236K in the plan year 2023 filing to $416K in the plan year 2024 filing.
  • Spinnaker Trust Employee Stock Ownership Plan end-of-year assets rose from $2M in the plan year 2023 filing to $2M in the plan year 2024 filing.
  • Spinnaker Trust Employee Stock Ownership Plan reported participants rose from 34 in the plan year 2023 filing to 36 in the plan year 2024 filing.

See the national 2023→2024 release diff →

DOL schedule card

Filing strip 010513167 · Spinnaker Trust PY 2024 · ESOP

Spinnaker Trust Employee Stock Ownership Plan · $2M · 36 · 30th

  • PCT $2M
  • EIN 36
  • RANK 30th
  • PHOTO ESOP
  • IND near The Carr Company Employee Stock Ownership Plan
  • EOY ind #1644

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

Spinnaker Trust Employee Stock Ownership PlanSpinnaker Trust Employee Sto…$2MThe Carr Company Employee Stock Ownership PlanThe Carr Company Employee St…$2MMeyers Consulting Engineers Corporation ESOPMeyers Consulting Engineers …$2MGraphite Sales, Inc. Employee Stock Ownership PlanGraphite Sales, Inc. Employe…$2MChurchville Fire Equipment Corp. Employee Stock Ownership PlanChurchville Fire Equipment C…$2M
End-of-year total assets ($M) among Spinnaker Trust Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2024.

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 (2024)

Total Assets (Beginning of Year)$2M
Net Assets (End of Year)$2M
Net Income$416K
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. 0200400600 -50050100150 Total assets ($M) Participants Spinnaker Trust Employee Stock Ownership Plan, Total assets ($M): 2.150672 · Participants: 36Spinnaker Trust Employee Stock Ownership PlanSc Holdings, Inc. Employee Stock Ownership Plan, Total assets ($M): 132.8512 · Participants: 513Sc Holdings, Inc. Employee Stock Ownership PlanMaine Drilling & Blasting Group Employee Stock Ownership Plan, Total assets ($M): 91.887524 · Participants: 440Maine Drilling & Blasting Group Employee Stock Ownership PlanJohnnys Selected Seeds Employee Stock Ownership Plan, Total assets ($M): 73.244662 · Participants: 252Johnnys Selected Seeds Employee Stock Ownership PlanSystems Engineering, Inc. Employee Stock Ownership Plan, Total assets ($M): 51.145486 · Participants: 178Systems Engineering, Inc. Employee Stock Ownership PlanPortland Air Freight, Inc. Employee Stock Ownership Plan, Total assets ($M): 49.221774 · Participants: 80Portland 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 The Carr Company Employee Stock Ownership Plan in FL ($2M); by covered participants it is First Harrison Bank Employee Stock Ownership Plan in IN (36 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (36 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. 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 2024? ▼
Spinnaker Trust Employee Stock Ownership Plan grew sharply - up 24.0% during 2024, from $2M to $2M. Reported net income was $416K.
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 The Carr Company Employee Stock Ownership Plan in FL ($2M, 45 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 First Harrison Bank Employee Stock Ownership Plan in IN (36 participants, $2M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

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.