ESOP · DOL Form 5500 · 2022

Speed Wrench, Inc. ESOP

Data updated 2026-08-25

$11M
Total assets Small plan by assets
141
Participants Small participant base
67th
Percentile by assets National rank
$78,415
Avg per participant Below avg balance/head
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Official DOL plan name: Speed Wrench, Inc. Employee Stock Ownership Plan · Sponsored by Speed Wrench, Inc. · Michigan · Other Services

$11M in assets, 141 participants

Speed Wrench, Inc.'s Speed Wrench, Inc. Employee Stock Ownership Plan reported $11M in total assets and 141 participants in its 2022 DOL Form 5500 filing, ranking in the 67th 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.

  • #6,789 in Other Services (8,398 peers)

Coverage in Michigan

Speed Wrench, Inc. Employee Stock Ownership Plan covers 141 participants in Michigan, about 22% of the average Michigan filer (state average ~638 per filing). Assets: $11M.

#6,789
in Other Services (8,398 peers)
+20.7%
assets growth YoY

Speed Wrench, Inc. Employee Stock Ownership Plan's outsized position by total assets

Speed Wrench, Inc. Employee Stock Ownership Plan vs every filed plan by assets

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

$11,056,581 Top 33% higher than 67% 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

Speed Wrench, Inc. Employee Stock Ownership Plan 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. Speed Wrench, Inc. Employee Stock Ownership Plan sits mid-pack in the medium band (141 participants).

EBSA filing schedule strip

Filing strip 382834301 · Speed Wrench, Inc. PY 2022 · ESOP

Speed Wrench, Inc. Employee Stock Ownership Plan · $11M · 141 · 67th

  • 5500 $11M
  • 5500 141
  • 5500 67th
  • 5500 ESOP
  • 5500 near Quality Concrete, Inc. Employee Stock Ownership Plan
  • 5500 ind #6789

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 Michigan →

Speed Wrench, Inc. Employee Stock Ownership Plan in the asset neighbourhood

The Bank of South Carolina Employee Stock Ownership Plan and TrustThe Bank of South Carolina E…$11MThomas & Skinner, Inc. Employee Stock Ownership PlanThomas & Skinner, Inc. Emplo…$11MSpeed Wrench, Inc. Employee Stock Ownership PlanSpeed Wrench, Inc. Employee …$11MQuality Concrete, Inc. Employee Stock Ownership PlanQuality Concrete, Inc. Emplo…$11MPropeller, Inc. Employee Stock Ownership PlanPropeller, Inc. Employee Sto…$11M
End-of-year total assets ($M) among Speed Wrench, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2022.

Michigan filing particulars

Total Assets (Beginning of Year)$9M
Net Assets (End of Year)$8M
Net Income$2M
Employer EIN382834301
Plan Effective Date2010-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Speed Wrench, Inc.)

Sponsor-wide plan assets over time

All Speed Wrench, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$27M 53.137870302966725% vs 2022
2024 filing year
$15M$20M$25M$30M 202220232024 $17.6M $26.9M ▲ +53.1%
Year Plans Participants Total Assets
2022 2 281 $18M
2023 2 313 $24M
2024 2 328 $27M

Nearby ESOP Plans in Michigan

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

Speed Wrench, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Michigan, assets vs. participants Scatter plot of 6 data points. 0500100015002000 -0.500.511.5 Total assets ($B) Participants Speed Wrench, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.011056581 · Participants: 141Speed Wrench, Inc. Employee Stock Ownership PlanMcnaughton-Mckay Electric Company Employee Stock Ownership Plan, Total assets ($B): 1.052163391 · Participants: 1155Mcnaughton-Mckay Electric Company Employee Stock Ownership PlanThe Kendall Group Employee Stock Ownership Plan, Total assets ($B): 0.725583306 · Participants: 1817The Kendall Group Employee Stock Ownership PlanProject Worldwide, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.394784403 · Participants: 977Project Worldwide, Inc. Employee Stock Ownership PlanMotor City Electric Co. Employee Stock Ownership Plan, Total assets ($B): 0.191093331 · Participants: 209Motor City Electric Co. Employee Stock Ownership PlanBandit Holding Company, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.181896 · Participants: 591Bandit Holding Company, Inc. Employee Stock Ownership Plan
Speed Wrench, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Michigan, assets vs. participants
Compare Speed Wrench, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

Speed Wrench, Inc. Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Michigan, the nearest ESOP by assets is Quality Concrete, Inc. Employee Stock Ownership Plan in ND ($11M); by covered participants it is Long Haul Trucking, Inc. Employee Stock Ownership Plan and Trust in MN (141 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (141 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 Speed Wrench, Inc. Employee Stock Ownership Plan assets move in 2022? ▼
Speed Wrench, Inc. Employee Stock Ownership Plan grew sharply - up 20.7% during 2022, from $9M to $11M. Reported net income was $2M.
How have Speed Wrench, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Speed Wrench, Inc.'s sponsor-wide assets grew 53.1%, from $18M to $27M.
Which ESOP plans are similar in size to Speed Wrench, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Quality Concrete, Inc. Employee Stock Ownership Plan in ND ($11M, 65 participants).
Which ESOP plans cover a similar participant headcount to Speed Wrench, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Long Haul Trucking, Inc. Employee Stock Ownership Plan and Trust in MN (141 participants, $51M 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 382834301.

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.