401(k) · DOL Form 5500 · 2024

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

Data updated 2026-08-25

$2M
Total assets Small plan by assets
12
Participants Small participant base
30th
Percentile by assets National rank
$177,025
Avg per participant Above avg balance/head
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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

$2M in assets, 12 participants

Waters Aero-Marine, Inc. Dba Penobscot Island Air's Penobscot Island Air Employee Stock Ownership 401(k) Plan reported $2M in total assets and 12 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.

  • #1,010 in Transportation & Warehousing (3,299 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 $2M / 12 participants.

#1,010
in Transportation & Warehousing (3,299 peers)
-31.2%
assets change YoY

The plan reported a net loss of $962K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Penobscot Island Air Employee Stock Ownership 401(k) Plan among the smaller filed plans by assets

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

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

$2,124,303 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

Penobscot Island Air Employee Stock Ownership 401(k) 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. 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 2023 → plan year 2024

  • Penobscot Island Air Employee Stock Ownership 401(k) Plan reported net income fell from $2M in the plan year 2023 filing to -$962K in the plan year 2024 filing.
  • Penobscot Island Air Employee Stock Ownership 401(k) Plan end-of-year assets fell from $3M in the plan year 2023 filing to $2M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 202017905 · Waters Aero-Marine, Inc. Dba Penobscot Island Air PY 2024 · 401(k)

Penobscot Island Air Employee Stock Ownership 401(k) Plan · $2M · 12 · 30th

  • BOOK $2M
  • BOOK 12
  • BOOK 30th
  • BOOK 401(k)
  • BOOK near Birch Family Pharmacy Retirement Plan
  • BOOK ind #1010

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…$2MBirch Family Pharmacy Retirement PlanBirch Family Pharmacy Retire…$2MMilliron & Goodman LLC 401(k) Profit Sharing Plan & TrustMilliron & Goodman LLC 401(k…$2MMid-Columbia Children's Council, Inc. 401(k) PlanMid-Columbia Children's Coun…$2MOral Surgery Associates, LLP Profit Sharing Plan & TrustOral Surgery Associates, LLP…$2M
End-of-year total assets ($M) among Penobscot Island Air Employee Stock Ownership 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

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 (2024)

Total Assets (Beginning of Year)$3M
Net Assets (End of Year)$2M
Net Income-$962K
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 -202468 Total assets ($B) Participants Penobscot Island Air Employee Stock Ownership 401(k) Plan, Total assets ($B): 0.002124303 · Participants: 12Penobscot Island Air Employee Stock Ownership 401(k) PlanTd 401(k) Retirement Plan, Total assets ($B): 5.971163889 · Participants: 31654Td 401(k) Retirement PlanUnum Group 401(k) Retirement Plan, Total assets ($B): 2.479947647 · Participants: 9451Unum Group 401(k) Retirement PlanIdexx Retirement and Incentive Savings Plan, Total assets ($B): 1.243344842 · Participants: 6776Idexx Retirement and Incentive Savings PlanHannaford Bros. Co. 401(k) Plan, Total assets ($B): 1.096724054 · Participants: 29915Hannaford Bros. Co. 401(k) PlanAhold Delhaize USA Services 401(k) Plan, Total assets ($B): 1.001892127 · Participants: 3012Ahold Delhaize USA Services 401(k) 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 Birch Family Pharmacy Retirement Plan in UT ($2M); by covered participants it is Hoyt Hayes, Jr. Construction, Inc. Profit Sharing Plan in TN (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 2024. 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 2024? ▼
Penobscot Island Air Employee Stock Ownership 401(k) Plan contracted severely - down 31.2% during 2024, from $3M to $2M. Reported net income was -$962K.
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 Birch Family Pharmacy Retirement Plan in UT ($2M, 49 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 Hoyt Hayes, Jr. Construction, Inc. Profit Sharing Plan in TN (12 participants, $9M 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 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.