401(k) · DOL Form 5500 · 2022

Systel Business Equipment Co., Inc. 401(k) Plan

Data updated 2026-08-25

$14M
Total assets Small plan by assets
213
Participants Below avg headcount
71st
Percentile by assets National rank
$63,742
Avg per participant Low balance/head
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Official DOL plan name: Systel Business Equipment Co., Inc. 401(k) Psp · Sponsored by Systel Business Equipment Co., Inc. · North Carolina · Real Estate

$14M in assets, 213 participants

Systel Business Equipment Co., Inc.'s Systel Business Equipment Co., Inc. 401(k) Psp reported $14M in total assets and 213 participants in its 2022 DOL Form 5500 filing, ranking in the 71st 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.

  • #4,279 in Real Estate (5,057 peers)

Coverage in North Carolina

Systel Business Equipment Co., Inc. 401(k) Psp covers 213 participants in North Carolina, about 26% of the average North Carolina filer (state average ~819 per filing). Assets: $14M.

#4,279
in Real Estate (5,057 peers)
-9.4%
assets change YoY

The plan reported a net loss of $1M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Systel Business Equipment Co., Inc. 401(k) Psp's outsized position by total assets

Systel Business Equipment Co., Inc. 401(k) Psp vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$13,577,082 Top 29% higher than 71% of 139,123 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 2022

Systel Business Equipment Co., Inc. 401(k) Psp among mid-size filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Systel Business Equipment Co., Inc. 401(k) Psp sits mid-pack in the medium band (213 participants).

EBSA filing schedule strip

Filing strip 561313968 · Systel Business Equipment Co., Inc. PY 2022 · 401(k)

Systel Business Equipment Co., Inc. 401(k) Psp · $14M · 213 · 71st

  • TYPE $14M
  • TYPE 213
  • TYPE 71st
  • TYPE 401(k)
  • TYPE near Envolve Employee Savings Plan
  • TYPE ind #4279

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 Real Estate retirement plans → · Plans in North Carolina →

Systel Business Equipment Co., Inc. 401(k) Psp in the asset neighbourhood

Systel Business Equipment Co., Inc. 401(k) PspSystel Business Equipment Co…$14MEnvolve Employee Savings Plan$14MCoastal Eye Group, PC 401(k) Profit Sharing PlanCoastal Eye Group, PC 401(k)…$14MClassic Wire Cut Company, Inc. 401(k) PlanClassic Wire Cut Company, In…$14MUnique Fabricating Inc Profit Sharing and 401 K PlanUnique Fabricating Inc Profi…$14M
End-of-year total assets ($M) among Systel Business Equipment Co., Inc. 401(k) Psp and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

North Carolina filing particulars

Total Assets (Beginning of Year)$15M
Net Assets (End of Year)$14M
Net Income-$1M
Employer EIN561313968
Plan Effective Date1993-04-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Systel Business Equipment Co., Inc.)

Sponsor-wide plan assets over time

All Systel Business Equipment Co., Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$18M 31.66063959840561% vs 2022
2024 filing year
$12M$14M$16M$18M$20M 202220232024 $13.6M $17.9M ▲ +31.7%
Year Plans Participants Total Assets
2022 1 213 $14M
2023 1 219 $16M
2024 1 215 $18M

Nearby 401(k) Plans in North Carolina

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Systel Business Equipment Co., Inc. 401(k) Psp vs. nearby 401(k) plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000 -200204060 Total assets ($B) Participants Systel Business Equipment Co., Inc. 401(k) Psp, Total assets ($B): 0.013577082 · Participants: 213Systel Business Equipment Co., Inc. 401(k) PspThe Bank of America 401(k) Plan, Total assets ($B): 47.134026012 · Participants: 169036The Bank of America 401(k) PlanHoneywell 401(k) Plan, Total assets ($B): 14.565715066 · Participants: 39007Honeywell 401(k) PlanDuke Energy Retirement Savings Plan, Total assets ($B): 9.364902 · Participants: 27731Duke Energy Retirement Savings PlanTruist Financial Corporation 401(k) Savings Plan, Total assets ($B): 8.965353965 · Participants: 51871Truist Financial Corporation 401(k) Savings PlanLowes 401(k) Plan, Total assets ($B): 7.355936526 · Participants: 284864Lowes 401(k) Plan
Systel Business Equipment Co., Inc. 401(k) Psp vs. nearby 401(k) plans in North Carolina, assets vs. participants
Compare Systel Business Equipment Co., Inc. 401(k) Psp side-by-side with 3 peers →

Systel Business Equipment Co., Inc. 401(k) Psp's out-of-state 401(k) peers by assets and headcount

Outside North Carolina, the nearest 401(k) by assets is Envolve Employee Savings Plan in TN ($14M); by covered participants it is Atlantic Capital Bank 401(k) Plan in GA (213 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (213 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Systel Business Equipment Co., Inc. 401(k) Psp assets move in 2022? ▼
Systel Business Equipment Co., Inc. 401(k) Psp pulled back noticeably - down 9.4% during 2022, from $15M to $14M. Reported net income was -$1M.
How have Systel Business Equipment Co., Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Systel Business Equipment Co., Inc.'s sponsor-wide assets grew 31.7%, from $14M to $18M.
Which 401(k) plans are similar in size to Systel Business Equipment Co., Inc. 401(k) Psp? ▼
Among 401(k) plans in other states, the closest by assets is Envolve Employee Savings Plan in TN ($14M, 629 participants).
Which 401(k) plans cover a similar participant headcount to Systel Business Equipment Co., Inc. 401(k) Psp? ▼
Among 401(k) plans in other states, the closest by covered participants is Atlantic Capital Bank 401(k) Plan in GA (213 participants, N/A in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 561313968.

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.