Civic Intelligence

Downeast Machine & Engineering Inc

Plan context: Downeast Machine & Engineering 401(K) Profit Sharing Plan & Trust

EIN 01-0316051 • Mechanic Falls, ME • 27 filings • 7 plans

26 Maple StMechanic Falls, ME 04256-6113
Current Snapshot

Latest Year

2024

2024 Participants

41

2024 Assets

$6,118,356

2024 Contributions

$251,195

Historical Graphs

Total Assets Over Time

Aggregate end-of-year assets by filing year, excluding zero-asset years

$6,230,852$3,115,426$0200820162024YearValue
$6,118,356Latest year 2024

Participants Over Time

Largest reported end-of-year plan headcount by filing year, used to avoid double-counting participants across overlapping plans

91460200820162024YearValue
41Latest year 2024

Company Timeline

Year summaries and individual filings are combined here so you can stay in one place while moving across years and plan filings.

Year / FilingFilingsParticipantsAssetsContributionsContrib./Participant
2024241$6,118,356$251,195$6,127iApproximate average salary by contribution assumption: employee only about $153,168 at 4% or $102,112 at 6%; with 50% employer match about $102,112 at 4% or $68,075 at 6%; with 100% employer match about $76,584 at 4% or $51,056 at 6%.
Downeast Machine & Engineering 401(K) Profit Sharing Plan & Trust-37$3,143,573$246,143$6,653iApproximate average salary by contribution assumption: employee only about $166,313 at 4% or $110,875 at 6%; with 50% employer match about $110,875 at 4% or $73,917 at 6%; with 100% employer match about $83,156 at 4% or $55,438 at 6%.
Downeast Machine and Engineering Inc. Employee Stock Ownership Plan-41$2,974,783$5,052$123iApproximate average salary by contribution assumption: employee only about $3,080 at 4% or $2,054 at 6%; with 50% employer match about $2,054 at 4% or $1,369 at 6%; with 100% employer match about $1,540 at 4% or $1,027 at 6%.
2023236$5,702,511$236,654$6,574iApproximate average salary by contribution assumption: employee only about $164,343 at 4% or $109,562 at 6%; with 50% employer match about $109,562 at 4% or $73,041 at 6%; with 100% employer match about $82,172 at 4% or $54,781 at 6%.
Downeast Machine and Engineering Inc. Employee Stock Ownership Plan-33$3,159,744$5,052$153iApproximate average salary by contribution assumption: employee only about $3,827 at 4% or $2,552 at 6%; with 50% employer match about $2,552 at 4% or $1,701 at 6%; with 100% employer match about $1,914 at 4% or $1,276 at 6%.
Downeast Machine & Engineering 401(K) Profit Sharing Plan & Trust-36$2,542,767$231,602$6,433iApproximate average salary by contribution assumption: employee only about $160,835 at 4% or $107,223 at 6%; with 50% employer match about $107,223 at 4% or $71,482 at 6%; with 100% employer match about $80,417 at 4% or $53,612 at 6%.
2022247$6,230,852$234,250$4,984iApproximate average salary by contribution assumption: employee only about $124,601 at 4% or $83,067 at 6%; with 50% employer match about $83,067 at 4% or $55,378 at 6%; with 100% employer match about $62,301 at 4% or $41,534 at 6%.
Downeast Machine & Engineering 401(K) Profit Sharing Plan & Trust-47$3,635,531$229,198$4,877iApproximate average salary by contribution assumption: employee only about $121,914 at 4% or $81,276 at 6%; with 50% employer match about $81,276 at 4% or $54,184 at 6%; with 100% employer match about $60,957 at 4% or $40,638 at 6%.
Downeast Machine and Engineering Inc. Employee Stock Ownership Plan-41$2,595,321$5,052$123iApproximate average salary by contribution assumption: employee only about $3,080 at 4% or $2,054 at 6%; with 50% employer match about $2,054 at 4% or $1,369 at 6%; with 100% employer match about $1,540 at 4% or $1,027 at 6%.
2021243$6,103,389$232,758$5,413iApproximate average salary by contribution assumption: employee only about $135,324 at 4% or $90,216 at 6%; with 50% employer match about $90,216 at 4% or $60,144 at 6%; with 100% employer match about $67,662 at 4% or $45,108 at 6%.
Downeast Machine & Engineering 401(K) Profit Sharing Plan & Trust-43$4,440,220$227,706$5,295iApproximate average salary by contribution assumption: employee only about $132,387 at 4% or $88,258 at 6%; with 50% employer match about $88,258 at 4% or $58,839 at 6%; with 100% employer match about $66,194 at 4% or $44,129 at 6%.
Downeast Machine and Engineering Inc. Employee Stock Ownership Plan-36$1,663,169$5,052$140iApproximate average salary by contribution assumption: employee only about $3,508 at 4% or $2,339 at 6%; with 50% employer match about $2,339 at 4% or $1,559 at 6%; with 100% employer match about $1,754 at 4% or $1,169 at 6%.
2020246$4,586,502$227,326$4,942iApproximate average salary by contribution assumption: employee only about $123,547 at 4% or $82,364 at 6%; with 50% employer match about $82,364 at 4% or $54,910 at 6%; with 100% employer match about $61,773 at 4% or $41,182 at 6%.
Downeast Machine & Engineering 401(K) Profit Sharing Plan & Trust-46$3,870,288$222,274$4,832iApproximate average salary by contribution assumption: employee only about $120,801 at 4% or $80,534 at 6%; with 50% employer match about $80,534 at 4% or $53,689 at 6%; with 100% employer match about $60,401 at 4% or $40,267 at 6%.
Downeast Machine and Engineering Inc. Employee Stock Ownership Plan-40$716,214$5,052$126iApproximate average salary by contribution assumption: employee only about $3,158 at 4% or $2,105 at 6%; with 50% employer match about $2,105 at 4% or $1,403 at 6%; with 100% employer match about $1,579 at 4% or $1,053 at 6%.
2019250$5,235,725$231,161$4,623iApproximate average salary by contribution assumption: employee only about $115,581 at 4% or $77,054 at 6%; with 50% employer match about $77,054 at 4% or $51,369 at 6%; with 100% employer match about $57,790 at 4% or $38,527 at 6%.
Downeast Machine & Engineering 401(K) Profit Sharing Plan & Trust-50$3,615,440$226,109$4,522iApproximate average salary by contribution assumption: employee only about $113,055 at 4% or $75,370 at 6%; with 50% employer match about $75,370 at 4% or $50,246 at 6%; with 100% employer match about $56,527 at 4% or $37,685 at 6%.
Downeast Machine and Engineering Inc. Employee Stock Ownership Plan-43$1,620,285$5,052$117iApproximate average salary by contribution assumption: employee only about $2,937 at 4% or $1,958 at 6%; with 50% employer match about $1,958 at 4% or $1,305 at 6%; with 100% employer match about $1,469 at 4% or $979 at 6%.
2018258$3,321,194$274,235$4,728iApproximate average salary by contribution assumption: employee only about $118,205 at 4% or $78,803 at 6%; with 50% employer match about $78,803 at 4% or $52,535 at 6%; with 100% employer match about $59,102 at 4% or $39,402 at 6%.
Downeast Machine & Engineering 401(K) Profit Sharing Plan & Trust-58$2,886,123$269,183$4,641iApproximate average salary by contribution assumption: employee only about $116,027 at 4% or $77,351 at 6%; with 50% employer match about $77,351 at 4% or $51,568 at 6%; with 100% employer match about $58,014 at 4% or $38,676 at 6%.
Downeast Machine and Engineering Inc. Employee Stock Ownership Plan-53$435,071$5,052$95iApproximate average salary by contribution assumption: employee only about $2,383 at 4% or $1,589 at 6%; with 50% employer match about $1,589 at 4% or $1,059 at 6%; with 100% employer match about $1,192 at 4% or $794 at 6%.
2017258$3,112,652$459,022$7,914iApproximate average salary by contribution assumption: employee only about $197,854 at 4% or $131,903 at 6%; with 50% employer match about $131,903 at 4% or $87,935 at 6%; with 100% employer match about $98,927 at 4% or $65,951 at 6%.
Downeast Machine & Engineering 401(K) Profit Sharing Plan & Trust-58$2,941,581$453,970$7,827iApproximate average salary by contribution assumption: employee only about $195,677 at 4% or $130,451 at 6%; with 50% employer match about $130,451 at 4% or $86,967 at 6%; with 100% employer match about $97,838 at 4% or $65,226 at 6%.
Downeast Machine and Engineering Inc. Employee Stock Ownership Plan-51$171,071$5,052$99iApproximate average salary by contribution assumption: employee only about $2,476 at 4% or $1,651 at 6%; with 50% employer match about $1,651 at 4% or $1,101 at 6%; with 100% employer match about $1,238 at 4% or $825 at 6%.
2016250$5,846,908$275,394$5,508iApproximate average salary by contribution assumption: employee only about $137,697 at 4% or $91,798 at 6%; with 50% employer match about $91,798 at 4% or $61,199 at 6%; with 100% employer match about $68,849 at 4% or $45,899 at 6%.
Downeast Machine and Engineering Inc. Employee Stock Ownership Plan-50$3,720,000--
Downeast Machine & Engineering 401(K) Profit Sharing Plan & Trust-0$2,126,908$275,394-
2015153$2,035,878$249,843$4,714iApproximate average salary by contribution assumption: employee only about $117,850 at 4% or $78,567 at 6%; with 50% employer match about $78,567 at 4% or $52,378 at 6%; with 100% employer match about $58,925 at 4% or $39,283 at 6%.
Downeast Machine & Engineering 401(K) Profit Sharing Plan & Trust-53$2,035,878$249,843$4,714iApproximate average salary by contribution assumption: employee only about $117,850 at 4% or $78,567 at 6%; with 50% employer match about $78,567 at 4% or $52,378 at 6%; with 100% employer match about $58,925 at 4% or $39,283 at 6%.
2014147$1,841,447$253,057$5,384iApproximate average salary by contribution assumption: employee only about $134,605 at 4% or $89,737 at 6%; with 50% employer match about $89,737 at 4% or $59,824 at 6%; with 100% employer match about $67,302 at 4% or $44,868 at 6%.
Downeast Machine & Engineering 401(K) Profit Sharing Plan & Trust-47$1,841,447$253,057$5,384iApproximate average salary by contribution assumption: employee only about $134,605 at 4% or $89,737 at 6%; with 50% employer match about $89,737 at 4% or $59,824 at 6%; with 100% employer match about $67,302 at 4% or $44,868 at 6%.
2013147$1,669,467$258,861$5,508iApproximate average salary by contribution assumption: employee only about $137,692 at 4% or $91,795 at 6%; with 50% employer match about $91,795 at 4% or $61,196 at 6%; with 100% employer match about $68,846 at 4% or $45,897 at 6%.
Downeast Machine & Engineering 401(K) Profit Sharing Plan & Trust-47$1,669,467$258,861$5,508iApproximate average salary by contribution assumption: employee only about $137,692 at 4% or $91,795 at 6%; with 50% employer match about $91,795 at 4% or $61,196 at 6%; with 100% employer match about $68,846 at 4% or $45,897 at 6%.
2012140$1,181,466$188,733$4,718iApproximate average salary by contribution assumption: employee only about $117,958 at 4% or $78,639 at 6%; with 50% employer match about $78,639 at 4% or $52,426 at 6%; with 100% employer match about $58,979 at 4% or $39,319 at 6%.
Downeast Machine & Engineering 401(K) Profit Sharing Plan & Trust-40$1,181,466$188,733$4,718iApproximate average salary by contribution assumption: employee only about $117,958 at 4% or $78,639 at 6%; with 50% employer match about $78,639 at 4% or $52,426 at 6%; with 100% employer match about $58,979 at 4% or $39,319 at 6%.
2011140$917,510$183,757$4,594iApproximate average salary by contribution assumption: employee only about $114,848 at 4% or $76,565 at 6%; with 50% employer match about $76,565 at 4% or $51,044 at 6%; with 100% employer match about $57,424 at 4% or $38,283 at 6%.
Downeast Machine & Engineering 401(K) Profit Sharing Plan & Trust-40$917,510$183,757$4,594iApproximate average salary by contribution assumption: employee only about $114,848 at 4% or $76,565 at 6%; with 50% employer match about $76,565 at 4% or $51,044 at 6%; with 100% employer match about $57,424 at 4% or $38,283 at 6%.
2010136$793,315$149,511$4,153iApproximate average salary by contribution assumption: employee only about $103,827 at 4% or $69,218 at 6%; with 50% employer match about $69,218 at 4% or $46,145 at 6%; with 100% employer match about $51,914 at 4% or $34,609 at 6%.
Downeast Machine & Engineering 401(K) Profit Sharing Plan & Trust-36$793,315$149,511$4,153iApproximate average salary by contribution assumption: employee only about $103,827 at 4% or $69,218 at 6%; with 50% employer match about $69,218 at 4% or $46,145 at 6%; with 100% employer match about $51,914 at 4% or $34,609 at 6%.
2009243$1,160,948$305,470$7,104iApproximate average salary by contribution assumption: employee only about $177,599 at 4% or $118,399 at 6%; with 50% employer match about $118,399 at 4% or $78,933 at 6%; with 100% employer match about $88,799 at 4% or $59,200 at 6%.
Downeast Machine & Engineering 401(K) Profit Sharing Plan & Trust-43$580,474$152,735$3,552iApproximate average salary by contribution assumption: employee only about $88,799 at 4% or $59,200 at 6%; with 50% employer match about $59,200 at 4% or $39,466 at 6%; with 100% employer match about $44,400 at 4% or $29,600 at 6%.
Downeast Machine & Engineering 401(K) Profit Sharing Plan & Trust-43$580,474$152,735$3,552iApproximate average salary by contribution assumption: employee only about $88,799 at 4% or $59,200 at 6%; with 50% employer match about $59,200 at 4% or $39,466 at 6%; with 100% employer match about $44,400 at 4% or $29,600 at 6%.
2008191$309,369$452,600$4,974iApproximate average salary by contribution assumption: employee only about $124,341 at 4% or $82,894 at 6%; with 50% employer match about $82,894 at 4% or $55,263 at 6%; with 100% employer match about $62,170 at 4% or $41,447 at 6%.
Downeast Machine & Engineering 401(K) Profit Sharing Plan & Trust-91$309,369$452,600$4,974iApproximate average salary by contribution assumption: employee only about $124,341 at 4% or $82,894 at 6%; with 50% employer match about $82,894 at 4% or $55,263 at 6%; with 100% employer match about $62,170 at 4% or $41,447 at 6%.