ESOP · DOL Form 5500 · 2024

Tompkins Trust Company ESOP

Data updated 2026-08-25

$40M
Total assets Below avg plan size
872
Participants Near avg headcount
81st
Percentile by assets National rank
$45,532
Avg per participant Low balance/head
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Official DOL plan name: Tompkins Financial Corporation Employee Stock Ownership Plan · Sponsored by Tompkins Trust Company · New York · Finance & Insurance

$40M in assets, 872 participants

Tompkins Trust Company's Tompkins Financial Corporation Employee Stock Ownership Plan reported $40M in total assets and 872 participants in its 2024 DOL Form 5500 filing, ranking in the 81st 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.

  • #6,071 in Finance & Insurance (8,549 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, $40M for 872 participants (~$45,532/participant), up 7.6% in 2024.

#6,071
in Finance & Insurance (8,549 peers)
+7.6%
assets growth YoY
0.4×
vs typical plan assets (national mean)

Tompkins Financial Corporation Employee Stock Ownership Plan's outsized position by total assets

Tompkins Financial Corporation Employee Stock Ownership Plan vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$39,703,755 Top 19% higher than 81% 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

Tompkins Financial Corporation Employee Stock Ownership Plan among mid-size filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Tompkins Financial Corporation Employee Stock Ownership Plan sits mid-pack in the medium band (872 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Tompkins Financial Corporation Employee Stock Ownership Plan reported net income rose from -$13M in the plan year 2023 filing to $3M in the plan year 2024 filing.
  • Tompkins Financial Corporation Employee Stock Ownership Plan end-of-year assets rose from $37M in the plan year 2023 filing to $40M in the plan year 2024 filing.
  • Tompkins Financial Corporation Employee Stock Ownership Plan reported participants fell from 907 in the plan year 2023 filing to 872 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 150470650 · Tompkins Trust Company PY 2024 · ESOP

Tompkins Financial Corporation Employee Stock Ownership Plan · $40M · 872 · 81st

  • EOY $40M
  • EOY 872
  • EOY 81st
  • EOY ESOP
  • EOY near Altrust Financial Services, Inc. Employee Stock Ownership Plan
  • EOY ind #6071

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 New York →

Tompkins Financial Corporation Employee Stock Ownership Plan in the asset neighbourhood

Altrust Financial Services, Inc. Employee Stock Ownership PlanAltrust Financial Services, …$40MTompkins Financial Corporation Employee Stock Ownership PlanTompkins Financial Corporati…$40MPems Employee Stock Ownership PlanPems Employee Stock Ownershi…$40MCalifornia Sheet Metal Works, Inc. Employee Stock Ownership PlanCalifornia Sheet Metal Works…$40MCtl Engineering, Inc. Employee Stock Ownership PlanCtl Engineering, Inc. Employ…$39M
End-of-year total assets ($M) among Tompkins Financial Corporation Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2024.

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$37M
Net Assets (End of Year)$40M
Net Income$3M
Employer EIN150470650
Plan Effective Date2001-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Tompkins Trust Company)

Sponsor-wide plan assets over time

All Tompkins Trust Company plans reported in each filing year

Latest sponsor-wide plan assets
$260M 10.100693508775851% vs 2022
2024 filing year
$230M$240M$250M$260M$270M 202220232024 $237M $260M ▲ +10.1%
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 Scatter plot of 6 data points. 01000200030004000 -20002004006008001000 Total assets ($M) Participants Tompkins Financial Corporation Employee Stock Ownership Plan, Total assets ($M): 39.703755 · Participants: 872Tompkins Financial Corporation Employee Stock Ownership PlanStewart's Shops Corp Employee Stock Ownership Plan, Total assets ($M): 896.840227 · Participants: 3483Stewart's Shops Corp Employee Stock Ownership PlanNorth Coast Holdings Employee Stock Ownership Plan, Total assets ($M): 450.776522 · Participants: 3042North Coast Holdings Employee Stock Ownership PlanGriffon Corporation Employee Stock Ownership Plan, Total assets ($M): 306.094988 · Participants: 3209Griffon Corporation Employee Stock Ownership PlanGreenman-Pedersen, Inc. Employee Stock Ownership Plan, Total assets ($M): 254.362741 · Participants: 1716Greenman-Pedersen, Inc. Employee Stock Ownership PlanMarshall & Sterling Enterprises, Inc. Employee Stock Ownership Plan, Total assets ($M): 234.345888 · Participants: 518Marshall & Sterling Enterprises, Inc. Employee Stock Ownership Plan
Tompkins Financial Corporation Employee Stock Ownership Plan vs. nearby ESOP plans in New York, assets vs. participants
Compare Tompkins Financial Corporation Employee Stock Ownership Plan side-by-side with 3 peers →

Tompkins Financial Corporation Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside New York, the nearest ESOP by assets is Altrust Financial Services, Inc. Employee Stock Ownership Plan in AL ($40M); by covered participants it is Garrett Holdings, Inc. Employee Stock Ownership Plan in MD (875 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (872 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 Tompkins Financial Corporation Employee Stock Ownership Plan assets move in 2024? ▼
Tompkins Financial Corporation Employee Stock Ownership Plan grew at a solid clip - up 7.6% during 2024, from $37M to $40M. Reported net income was $3M.
How have Tompkins Trust Company plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Tompkins Trust Company's sponsor-wide assets grew 10.1%, from $237M to $260M.
Where does Tompkins Financial Corporation Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
Tompkins Financial Corporation Employee Stock Ownership Plan ranks in the 81st percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top quartile of all filed plans by assets).
Which ESOP plans are similar in size to Tompkins Financial Corporation Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Altrust Financial Services, Inc. Employee Stock Ownership Plan in AL ($40M, 278 participants).
Which ESOP plans cover a similar participant headcount to Tompkins Financial Corporation Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Garrett Holdings, Inc. Employee Stock Ownership Plan in MD (875 participants, $69M 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 150470650.

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.