ESOP · DOL Form 5500 · 2022

Speedrack Products Group, Ltd. ESOP

Data updated 2026-08-25

$5M
Total assets Small plan by assets
227
Participants Below avg headcount
51st
Percentile by assets National rank
$22,738
Avg per participant Low balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Speedrack Employee Stock Ownership Plan · Sponsored by Speedrack Products Group, Ltd. · Michigan · Manufacturing

$5M in assets, 227 participants

Speedrack Products Group, Ltd.'s Speedrack Employee Stock Ownership Plan reported $5M in total assets and 227 participants in its 2022 DOL Form 5500 filing, ranking in the 51st 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.

  • #7,208 in Manufacturing (20,602 peers)

Coverage in Michigan

Speedrack Employee Stock Ownership Plan covers 227 participants in Michigan, about 36% of the average Michigan filer (state average ~638 per filing). Assets: $5M.

#7,208
in Manufacturing (20,602 peers)
-$10M
reported net income

The plan reported a net loss of $10M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Speedrack Employee Stock Ownership Plan's mid-pack asset rank among Manufacturing and all filers

Speedrack Employee Stock Ownership Plan vs every filed plan by assets

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

$5,161,414 Top 49% higher than 51% 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

Speedrack 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. Speedrack Employee Stock Ownership Plan sits mid-pack in the medium band (227 participants).

Published 5500 schedule card

Filing strip 382885344 · Speedrack Products Group, Ltd. PY 2022 · ESOP

Speedrack Employee Stock Ownership Plan · $5M · 227 · 51st

  • EOY $5M
  • EOY 227
  • EOY 51st
  • EOY ESOP
  • EOY near Seekins Precision ESOP
  • EOY ind #7208

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 →

Speedrack Employee Stock Ownership Plan in the asset neighbourhood

Harland M. Braun & Co. Employee Stock Ownership PlanHarland M. Braun & Co. Emplo…$5MWorth Higgins & Associates, Inc. Employee Stock Ownership PlanWorth Higgins & Associates, …$5MSpeedrack Employee Stock Ownership PlanSpeedrack Employee Stock Own…$5MSeekins Precision ESOP$5MYea Networks, Inc. Employee Stock Ownership PlanYea Networks, Inc. Employee …$5M
End-of-year total assets ($M) among Speedrack Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2022.

Michigan filing particulars

Total Assets (Beginning of Year)N/A
Net Assets (End of Year)-$10M
Net Income-$10M
Employer EIN382885344
Plan Effective Date2022-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Speedrack Products Group, Ltd.)

Sponsor-wide plan assets over time

All Speedrack Products Group, Ltd. plans reported in each filing year

Latest sponsor-wide plan assets
$21M 70.49495163386648% vs 2022
2024 filing year
$10M$15M$20M$25M 202220232024 $12.6M $21.4M ▲ +70.5%
Year Plans Participants Total Assets
2022 2 421 $13M
2023 2 411 $21M
2024 2 462 $21M

Nearby ESOP Plans in Michigan

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

Speedrack 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 ($B) Participants Speedrack Employee Stock Ownership Plan, Total assets ($B): 0.005161414 · Participants: 227Speedrack 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
Speedrack Employee Stock Ownership Plan vs. nearby ESOP plans in Michigan, assets vs. participants
Compare Speedrack Employee Stock Ownership Plan side-by-side with 3 peers →

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

Outside Michigan, the nearest ESOP by assets is Seekins Precision ESOP in ID ($5M); by covered participants it is Star Leasing Company Employee Stock Ownership Plan in OH (227 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (227 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 have Speedrack Products Group, Ltd. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Speedrack Products Group, Ltd.'s sponsor-wide assets grew 70.5%, from $13M to $21M.
Which ESOP plans are similar in size to Speedrack Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Seekins Precision ESOP in ID ($5M, 46 participants).
Which ESOP plans cover a similar participant headcount to Speedrack Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Star Leasing Company Employee Stock Ownership Plan in OH (227 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 382885344.

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.