ESOP · DOL Form 5500 · 2024

Downeast Machine and Engineering, Inc. ESOP

Data updated 2026-08-25

$3M
Total assets Small plan by assets
33
Participants Small participant base
34th
Percentile by assets National rank
$90,145
Avg per participant Below avg balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Downeast Machine and Engineering, Inc. Employee Stock Ownership Plan · Sponsored by Downeast Machine and Engineering, Inc. · Maine · Manufacturing

$3M in assets, 33 participants

Downeast Machine and Engineering, Inc.'s Downeast Machine and Engineering, Inc. Employee Stock Ownership Plan reported $3M in total assets and 33 participants in its 2024 DOL Form 5500 filing, ranking in the 34th 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.

  • #3,128 in Manufacturing (17,777 peers)

Downeast Machine and Engineering, Inc. multi-year trail

Downeast Machine and Engineering, Inc.'s plans moved +14.6% in assets from 2022 to 2024; this filing shows Downeast Machine and Engineering, Inc. Employee Stock Ownership Plan at $3M / 33 participants.

#3,128
in Manufacturing (17,777 peers)
-5.9%
assets change YoY

The plan reported a net loss of $184K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Downeast Machine and Engineering, Inc. Employee Stock Ownership Plan's mid-pack asset rank among Manufacturing and all filers

Downeast Machine and Engineering, Inc. Employee Stock Ownership Plan vs every filed plan by assets

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

$2,974,783 34th percentile higher than 34% 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

Downeast Machine and Engineering, Inc. 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. Downeast Machine and Engineering, Inc. Employee Stock Ownership Plan is a small filing (33 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Downeast Machine and Engineering, Inc. Employee Stock Ownership Plan reported net income fell from $566K in the plan year 2023 filing to -$184K in the plan year 2024 filing.
  • Downeast Machine and Engineering, Inc. Employee Stock Ownership Plan reported participants fell from 38 in the plan year 2023 filing to 33 in the plan year 2024 filing.
  • Downeast Machine and Engineering, Inc. Employee Stock Ownership Plan end-of-year assets fell from $3M in the plan year 2023 filing to $3M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 010316051 · Downeast Machine and Engineering, Inc. PY 2024 · ESOP

Downeast Machine and Engineering, Inc. Employee Stock Ownership Plan · $3M · 33 · 34th

  • PHOTO $3M
  • IND 33
  • EOY 34th
  • 5500 ESOP
  • ASSETS near Primera Engineers ESOP Plan
  • PCT ind #3128

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 →

Downeast Machine and Engineering, Inc. Employee Stock Ownership Plan in the asset neighbourhood

Bender Lumber Company, Inc. Employee Stock Ownership PlanBender Lumber Company, Inc. …$3MElectrorep-Energy Products, Inc. Stock Ownership PlanElectrorep-Energy Products, …$3MDowneast Machine and Engineering, Inc. Employee Stock Ownership PlanDowneast Machine and Enginee…$3MPrimera Engineers ESOP Plan$3MNorcross Holdings, Inc. Employee Stock Ownership PlanNorcross Holdings, Inc. Empl…$3M
End-of-year total assets ($M) among Downeast Machine and Engineering, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2024.

Downeast Machine and Engineering, Inc. multi-year asset trail

Sponsor-wide plan assets over time

All Downeast Machine and Engineering, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$3M 14.62100449231521% vs 2022
2024 filing year
$2.4M$2.6M$2.8M$3M$3.2M$3.4M 202220232024 $2.6M $2.97M ▲ +14.2%
Year Plans Participants Total Assets
2022 1 36 $3M
2023 1 38 $3M
2024 1 33 $3M

Downeast Machine and Engineering, Inc. filing trail (2024)

Total Assets (Beginning of Year)$3M
Net Assets (End of Year)$3M
Net Income-$184K
Employer EIN010316051
Plan Effective Date2016-10-01
Filing StatusFILING RECEIVED

Nearby ESOP Plans in Maine

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

Downeast Machine and Engineering, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Maine, assets vs. participants Scatter plot of 6 data points. 0200400600 -50050100150 Total assets ($M) Participants Downeast Machine and Engineering, Inc. Employee Stock Ownership Plan, Total assets ($M): 2.974783 · Participants: 33Downeast Machine and Engineering, Inc. 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
Downeast Machine and Engineering, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Maine, assets vs. participants
Compare Downeast Machine and Engineering, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

Downeast Machine and Engineering, Inc. Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Maine, the nearest ESOP by assets is Primera Engineers ESOP Plan in IL ($3M); by covered participants it is Sundance State Bank Profit Sharing and Employee Stock Ownership Plan in WY (33 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (33 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 Downeast Machine and Engineering, Inc. Employee Stock Ownership Plan assets move in 2024? ▼
Downeast Machine and Engineering, Inc. Employee Stock Ownership Plan pulled back noticeably - down 5.9% during 2024, from $3M to $3M. Reported net income was -$184K.
How have Downeast Machine and Engineering, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Downeast Machine and Engineering, Inc.'s sponsor-wide assets grew 14.6%, from $3M to $3M.
Which ESOP plans are similar in size to Downeast Machine and Engineering, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Primera Engineers ESOP Plan in IL ($3M, 303 participants).
Which ESOP plans cover a similar participant headcount to Downeast Machine and Engineering, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Sundance State Bank Profit Sharing and Employee Stock Ownership Plan in WY (33 participants, $6M 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 010316051.

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.