ESOP · DOL Form 5500 · 2022

Spec Process Engineering & Construction, Inc. ESOP

Data updated 2026-08-25

$3M
Total assets Small plan by assets
23
Participants Small participant base
41st
Percentile by assets National rank
$131,651
Avg per participant Near avg balance/head
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Official DOL plan name: Spec Employee Stock Ownership Plan · Sponsored by Spec Process Engineering & Construction, Inc. · Massachusetts · Professional & Technical Services

$3M in assets, 23 participants

Spec Process Engineering & Construction, Inc.'s Spec Employee Stock Ownership Plan reported $3M in total assets and 23 participants in its 2022 DOL Form 5500 filing, ranking in the 41st 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.

  • #8,170 in Professional & Technical Services (21,562 peers)

2022 asset change

Spec Employee Stock Ownership Plan surged 55.8% in 2022 ($2M → $3M) for 23 participants.

#8,170
in Professional & Technical Services (21,562 peers)
+55.8%
assets growth YoY

Spec Employee Stock Ownership Plan's mid-pack asset rank among Professional & Technical Services and all filers

Spec Employee Stock Ownership Plan vs every filed plan by assets

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

$3,027,967 41st percentile higher than 41% 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

Spec Employee Stock Ownership Plan among smaller filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Spec Employee Stock Ownership Plan is a small filing (23 participants) on this national headcount ladder.

EBSA filing schedule strip

Filing strip 043258366 · Spec Process Engineering & Construction, Inc. PY 2022 · ESOP

Spec Employee Stock Ownership Plan · $3M · 23 · 41st

  • EBSA $3M
  • PART 23
  • TYPE 41st
  • NET ESOP
  • BOOK near Kansas-Oklahoma Machine Tools, Inc. Employee Stock Ownership Plan
  • VS-ST ind #8170

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 Massachusetts →

Spec Employee Stock Ownership Plan in the asset neighbourhood

Spec Employee Stock Ownership PlanSpec Employee Stock Ownershi…$3MKansas-Oklahoma Machine Tools, Inc. Employee Stock Ownership PlanKansas-Oklahoma Machine Tool…$3MBarry Isett & Associates Inc Employee Stock Ownership PlanBarry Isett & Associates Inc…$3MSun Light & Power Employee Stock Ownership PlanSun Light & Power Employee S…$3MW. D. Distributing Employee Stock Ownership PlanW. D. Distributing Employee …$3M
End-of-year total assets ($M) among Spec Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2022.

Spec Process Engineering & Construction, Inc. years around the 2022 move

Sponsor-wide plan assets over time

All Spec Process Engineering & Construction, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$11M 7.150535392723525% vs 2022
2024 filing year
$9M$10M$11M$12M$13M 202220232024 $10.2M $10.9M ▲ +7.2%
Year Plans Participants Total Assets
2022 2 56 $10M
2023 2 74 $12M
2024 2 77 $11M

2022 asset-move particulars

Total Assets (Beginning of Year)$2M
Net Assets (End of Year)$3M
Net Income$1M
Employer EIN043258366
Plan Effective Date2010-01-01
Filing StatusFILING RECEIVED

Nearby ESOP Plans in Massachusetts

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

Spec Employee Stock Ownership Plan vs. nearby ESOP plans in Massachusetts, assets vs. participants Scatter plot of 6 data points. -10000100020003000 -2000200400600 Total assets ($M) Participants Spec Employee Stock Ownership Plan, Total assets ($M): 3.027967 · Participants: 23Spec Employee Stock Ownership PlanConsigli Building Group Employee Stock Ownership Plan, Total assets ($M): 495.023943 · Participants: 1315Consigli Building Group Employee Stock Ownership PlanThe Gillette Company Employee Stock Ownership Plan, Total assets ($M): 380.839397 · Participants: 193The Gillette Company Employee Stock Ownership PlanAbt Associates Inc. Employees Stock Ownership Plan, Total assets ($M): 312.177588 · Participants: 2426Abt Associates Inc. Employees Stock Ownership PlanNew England Biolabs, Inc. Voting Stock Ownership Plan, Total assets ($M): 272.105333 · Participants: 386New England Biolabs, Inc. Voting Stock Ownership PlanEastern Bank Employee Stock Ownership Plan, Total assets ($M): 258.836117 · Participants: 1646Eastern Bank Employee Stock Ownership Plan
Spec Employee Stock Ownership Plan vs. nearby ESOP plans in Massachusetts, assets vs. participants
Compare Spec Employee Stock Ownership Plan side-by-side with 3 peers →

Spec Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Massachusetts, the nearest ESOP by assets is Kansas-Oklahoma Machine Tools, Inc. Employee Stock Ownership Plan in KS ($3M); by covered participants it is Profitmaster Displays, Inc. Employee Stock Ownership Plan in GA (23 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (23 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 Spec Employee Stock Ownership Plan assets move in 2022? ▼
Spec Employee Stock Ownership Plan surged - up 55.8% during 2022, from $2M to $3M. Reported net income was $1M.
How have Spec Process Engineering & Construction, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Spec Process Engineering & Construction, Inc.'s sponsor-wide assets grew 7.2%, from $10M to $11M.
Which ESOP plans are similar in size to Spec Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Kansas-Oklahoma Machine Tools, Inc. Employee Stock Ownership Plan in KS ($3M, 10 participants).
Which ESOP plans cover a similar participant headcount to Spec Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Profitmaster Displays, Inc. Employee Stock Ownership Plan in GA (23 participants, $6M 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 043258366.

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.