ESOP · DOL Form 5500 · 2024

Sbi, Inc. ESOP

Data updated 2026-08-25

$14M
Total assets Small plan by assets
215
Participants Below avg headcount
63rd
Percentile by assets National rank
$63,944
Avg per participant Low balance/head
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Official DOL plan name: Safe Boats International Employee Stock Plan & Trust · Sponsored by Sbi, Inc. · Washington · Manufacturing

$14M in assets, 215 participants

Sbi, Inc.'s Safe Boats International Employee Stock Plan & Trust reported $14M in total assets and 215 participants in its 2024 DOL Form 5500 filing, ranking in the 63rd 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.

  • #8,887 in Manufacturing (17,777 peers)

Coverage in Washington

Safe Boats International Employee Stock Plan & Trust covers 215 participants in Washington, about 15% of the average Washington filer (state average ~1,476 per filing). Assets: $14M.

#8,887
in Manufacturing (17,777 peers)
+123.6%
assets growth YoY

Safe Boats International Employee Stock Plan & Trust's mid-pack asset rank among Manufacturing and all filers

Safe Boats International Employee Stock Plan & Trust vs every filed plan by assets

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

$13,748,061 Top 37% higher than 63% 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

Safe Boats International Employee Stock Plan & Trust 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. Safe Boats International Employee Stock Plan & Trust sits mid-pack in the medium band (215 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Safe Boats International Employee Stock Plan & Trust reported net income rose from $2M in the plan year 2023 filing to $8M in the plan year 2024 filing.
  • Safe Boats International Employee Stock Plan & Trust end-of-year assets rose from $6M in the plan year 2023 filing to $14M in the plan year 2024 filing.
  • Safe Boats International Employee Stock Plan & Trust reported participants fell from 222 in the plan year 2023 filing to 215 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Plan-year Form 5500 strip

Filing strip 884367942 · Sbi, Inc. PY 2024 · ESOP

Safe Boats International Employee Stock Plan & Trust · $14M · 215 · 63rd

  • 5500 $14M
  • ASSETS 215
  • PCT 63rd
  • EIN ESOP
  • RANK near Dahl's Equipment Rentals, Inc. Employee Stock Ownership Plan
  • PHOTO ind #8887

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 Washington →

Safe Boats International Employee Stock Plan & Trust in the asset neighbourhood

Megakc Employee Stock Ownership PlanMegakc Employee Stock Owners…$14MJohnson-Melloh Employee Stock Ownership PlanJohnson-Melloh Employee Stoc…$14MBryan Construction, Inc. Employee Stock Ownership PlanBryan Construction, Inc. Emp…$14MSafe Boats International Employee Stock Plan & TrustSafe Boats International Emp…$14MDahl's Equipment Rentals, Inc. Employee Stock Ownership PlanDahl's Equipment Rentals, In…$14M
End-of-year total assets ($M) among Safe Boats International Employee Stock Plan & Trust and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2024.

Washington filing particulars

Total Assets (Beginning of Year)$6M
Net Assets (End of Year)$10M
Net Income$8M
Employer EIN884367942
Plan Effective Date2023-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Sbi, Inc.)

Sponsor-wide plan assets over time

All Sbi, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$14M 123.57722625287175% vs 2023
2024 filing year
$5M$10M$15M 20232024 $6.15M $13.8M ▲ +123.6%
Year Plans Participants Total Assets
2023 1 222 $6M
2024 1 215 $14M

Nearby ESOP Plans in Washington

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

Safe Boats International Employee Stock Plan & Trust vs. nearby ESOP plans in Washington, assets vs. participants Scatter plot of 6 data points. -1000010002000300040005000 -101234 Total assets ($B) Participants Safe Boats International Employee Stock Plan & Trust, Total assets ($B): 0.013748061 · Participants: 215Safe Boats International Employee Stock Plan & TrustSchweitzer Engineering Laboratories, Inc. Employee Stock Ownership Plan, Total assets ($B): 3.162915985 · Participants: 4281Schweitzer Engineering Laboratories, Inc. Employee Stock Ownership PlanTriple B Corporation Employee Stock Ownership Plan, Total assets ($B): 0.30805532 · Participants: 1238Triple B Corporation Employee Stock Ownership PlanManson Construction Co. Non-Craft Employee Stock Ownership Plan, Total assets ($B): 0.207396855 · Participants: 291Manson Construction Co. Non-Craft Employee Stock Ownership PlanParametrix, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.159192217 · Participants: 737Parametrix, Inc. Employee Stock Ownership PlanThe Plexsys Interface Products, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.097195017 · Participants: 184The Plexsys Interface Products, Inc. Employee Stock Ownership Plan
Safe Boats International Employee Stock Plan & Trust vs. nearby ESOP plans in Washington, assets vs. participants
Compare Safe Boats International Employee Stock Plan & Trust side-by-side with 3 peers →

Safe Boats International Employee Stock Plan & Trust's out-of-state ESOP peers by assets and headcount

Outside Washington, the nearest ESOP by assets is Dahl's Equipment Rentals, Inc. Employee Stock Ownership Plan in CA ($14M); by covered participants it is Scientific Applications & Research Associates, Inc. Employee Stock Ownership Plan in CA (215 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (215 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 Safe Boats International Employee Stock Plan & Trust assets move in 2024? ▼
Safe Boats International Employee Stock Plan & Trust surged - up 123.6% during 2024, from $6M to $14M. Reported net income was $8M.
How have Sbi, Inc. plan assets changed over time? ▼
Across 2 plan years on file (2023-2024), Sbi, Inc.'s sponsor-wide assets grew 123.6%, from $6M to $14M.
Which ESOP plans are similar in size to Safe Boats International Employee Stock Plan & Trust? ▼
Among ESOP plans in other states, the closest by assets is Dahl's Equipment Rentals, Inc. Employee Stock Ownership Plan in CA ($14M, 24 participants).
Which ESOP plans cover a similar participant headcount to Safe Boats International Employee Stock Plan & Trust? ▼
Among ESOP plans in other states, the closest by covered participants is Scientific Applications & Research Associates, Inc. Employee Stock Ownership Plan in CA (215 participants, $47M 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 884367942.

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.