401(k) · DOL Form 5500 · 2023

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

Data updated 2026-08-25

$16M
Total assets Small plan by assets
219
Participants Below avg headcount
68th
Percentile by assets National rank
$72,517
Avg per participant Below avg 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

$16M in assets, 219 participants

Systel Business Equipment Co., Inc.'s Systel Business Equipment Co., Inc. 401(k) Psp reported $16M in total assets and 219 participants in its 2023 DOL Form 5500 filing, ranking in the 68th 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.

  • #3,947 in Real Estate (4,727 peers)

Coverage in North Carolina

Systel Business Equipment Co., Inc. 401(k) Psp covers 219 participants in North Carolina, about 27% of the average North Carolina filer (state average ~819 per filing). Assets: $16M.

#3,947
in Real Estate (4,727 peers)
+17.0%
assets growth YoY

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 2023 · DOL Form 5500

$15,881,140 Top 32% higher than 68% of 127,068 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 2023

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

Plan-year 2023 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 (219 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Systel Business Equipment Co., Inc. 401(k) Psp reported net income rose from -$1M in the plan year 2022 filing to $2M in the plan year 2023 filing.
  • Systel Business Equipment Co., Inc. 401(k) Psp end-of-year assets rose from $14M in the plan year 2022 filing to $16M in the plan year 2023 filing.
  • Systel Business Equipment Co., Inc. 401(k) Psp reported participants rose from 213 in the plan year 2022 filing to 219 in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 561313968 · Systel Business Equipment Co., Inc. PY 2023 · 401(k)

Systel Business Equipment Co., Inc. 401(k) Psp · $16M · 219 · 68th

  • IND $16M
  • EOY 219
  • 5500 68th
  • ASSETS 401(k)
  • PCT near Bpg Real Estate Services 401(k) Plan
  • EIN ind #3947

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…$16MBpg Real Estate Services 401(k) PlanBpg Real Estate Services 401…$16MEdge One LLC 401(k) Savings & Retirement PlanEdge One LLC 401(k) Savings …$16MJonaco Machine Deferred Savings and Profit Sharing PlanJonaco Machine Deferred Savi…$16MJhcc Holdings LLC 401(k) Plan$16M
End-of-year total assets ($M) among Systel Business Equipment Co., Inc. 401(k) Psp and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

North Carolina filing particulars

Total Assets (Beginning of Year)$14M
Net Assets (End of Year)$16M
Net Income$2M
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. -50000050000100000150000200000 -200204060 Total assets ($B) Participants Systel Business Equipment Co., Inc. 401(k) Psp, Total assets ($B): 0.01588114 · Participants: 219Systel Business Equipment Co., Inc. 401(k) PspThe Bank of America 401(k) Plan, Total assets ($B): 54.848846192 · Participants: 173899The Bank of America 401(k) PlanHoneywell 401(k) Plan, Total assets ($B): 15.388124058 · Participants: 40004Honeywell 401(k) PlanDuke Energy Retirement Savings Plan, Total assets ($B): 10.354065 · Participants: 28121Duke Energy Retirement Savings PlanTruist Financial Corporation 401(k) Savings Plan, Total assets ($B): 10.120701726 · Participants: 55480Truist Financial Corporation 401(k) Savings PlanNucor Corporation Profit Sharing and Retirement Savings Plan, Total assets ($B): 8.510660989 · Participants: 24174Nucor Corporation Profit Sharing and Retirement Savings 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 Bpg Real Estate Services 401(k) Plan in DE ($16M); by covered participants it is Raven Industries, Inc. 401(k) Plan in SD (219 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (219 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. 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 2023? ▼
Systel Business Equipment Co., Inc. 401(k) Psp grew sharply - up 17.0% during 2023, from $14M to $16M. Reported net income was $2M.
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 Bpg Real Estate Services 401(k) Plan in DE ($16M, 503 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 Raven Industries, Inc. 401(k) Plan in SD (219 participants, N/A in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

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.