ESOP · DOL Form 5500 · 2023

Spectral Sciences, Inc. ESOP

Data updated 2026-08-25

$5M
Total assets Small plan by assets
39
Participants Small participant base
45th
Percentile by assets National rank
$131,138
Avg per participant Near avg balance/head
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Official DOL plan name: Spectral Sciences, Inc. Employee Stock Ownership Plan · Sponsored by Spectral Sciences, Inc. · Massachusetts · Professional & Technical Services

$5M in assets, 39 participants

Spectral Sciences, Inc.'s Spectral Sciences, Inc. Employee Stock Ownership Plan reported $5M in total assets and 39 participants in its 2023 DOL Form 5500 filing, ranking in the 45th 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.

  • #8,672 in Professional & Technical Services (20,321 peers)

2023 asset change

Spectral Sciences, Inc. Employee Stock Ownership Plan grew sharply 22.6% in 2023 ($4M → $5M) for 39 participants.

#8,672
in Professional & Technical Services (20,321 peers)
+22.6%
assets growth YoY

Spectral Sciences, Inc. Employee Stock Ownership Plan's mid-pack asset rank among Professional & Technical Services and all filers

Spectral Sciences, Inc. Employee Stock Ownership Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$5,114,384 45th percentile higher than 45% 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

Spectral Sciences, Inc. Employee Stock Ownership Plan among smaller filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Spectral Sciences, Inc. Employee Stock Ownership Plan is a small filing (39 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Spectral Sciences, Inc. Employee Stock Ownership Plan reported net income rose from -$3M in the plan year 2022 filing to $1M in the plan year 2023 filing.
  • Spectral Sciences, Inc. Employee Stock Ownership Plan end-of-year assets rose from $4M in the plan year 2022 filing to $5M in the plan year 2023 filing.
  • Spectral Sciences, Inc. Employee Stock Ownership Plan reported participants fell from 43 in the plan year 2022 filing to 39 in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 042718570 · Spectral Sciences, Inc. PY 2023 · ESOP

Spectral Sciences, Inc. Employee Stock Ownership Plan · $5M · 39 · 45th

  • EOY $5M
  • 5500 39
  • ASSETS 45th
  • PCT ESOP
  • EIN near Kodabank Employee Stock Ownership Plan
  • RANK ind #8672

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 →

Spectral Sciences, Inc. Employee Stock Ownership Plan in the asset neighbourhood

Kodabank Employee Stock Ownership PlanKodabank Employee Stock Owne…$5MHopscotch Press, Inc. Employee Stock Ownership PlanHopscotch Press, Inc. Employ…$5MArk Pharmacies, Inc. Employee Stock Ownership PlanArk Pharmacies, Inc. Employe…$5MSpectral Sciences, Inc. Employee Stock Ownership PlanSpectral Sciences, Inc. Empl…$5MHemet Bancorp Employee Stock Ownership PlanHemet Bancorp Employee Stock…$5M
End-of-year total assets ($M) among Spectral Sciences, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

Spectral Sciences, Inc. years around the 2023 move

Sponsor-wide plan assets over time

All Spectral Sciences, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$4M 1.5616335408162336% vs 2022
2024 filing year
$4M$4.5M$5M$5.5M 202220232024 $4.17M $4.24M ▲ +1.7%
Year Plans Participants Total Assets
2022 1 43 $4M
2023 1 39 $5M
2024 1 38 $4M

2023 asset-move particulars

Total Assets (Beginning of Year)$4M
Net Assets (End of Year)$3M
Net Income$1M
Employer EIN042718570
Plan Effective Date1993-01-01
Filing StatusFILING RECEIVED

Nearby ESOP Plans in Massachusetts

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

Spectral Sciences, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Massachusetts, assets vs. participants Scatter plot of 6 data points. -5000500100015002000 -2000200400600800 Total assets ($M) Participants Spectral Sciences, Inc. Employee Stock Ownership Plan, Total assets ($M): 5.114384 · Participants: 39Spectral Sciences, Inc. Employee Stock Ownership PlanConsigli Building Group Employee Stock Ownership Plan, Total assets ($M): 611.879597 · Participants: 1511Consigli Building Group Employee Stock Ownership PlanThe Gillette Company Employee Stock Ownership Plan, Total assets ($M): 349.164775 · Participants: 174The Gillette Company Employee Stock Ownership PlanShawmut Group Employee Stock Ownership Plan, Total assets ($M): 274.195602 · Participants: 716Shawmut Group Employee Stock Ownership PlanFirst Amended and Restated Creative Financial Staffing, Inc. Employee Stock Ownership Plan, Total assets ($M): 244.511447 · Participants: 641First Amended and Restated Creative Financial Staffing, Inc. Employee Stock Ownership PlanEastern Bank Employee Stock Ownership Plan, Total assets ($M): 213.345202 · Participants: 1778Eastern Bank Employee Stock Ownership Plan
Spectral Sciences, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Massachusetts, assets vs. participants
Compare Spectral Sciences, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

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

Outside Massachusetts, the nearest ESOP by assets is Kodabank Employee Stock Ownership Plan in ND ($5M); by covered participants it is Consolidated Electronic Wire & Cable Corp. Employee Stock Ownership Plan in IL (39 participants). Same-state nearby plans are listed separately above.

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 Spectral Sciences, Inc. Employee Stock Ownership Plan assets move in 2023? ▼
Spectral Sciences, Inc. Employee Stock Ownership Plan grew sharply - up 22.6% during 2023, from $4M to $5M. Reported net income was $1M.
How have Spectral Sciences, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Spectral Sciences, Inc.'s sponsor-wide assets grew 1.6%, from $4M to $4M.
Which ESOP plans are similar in size to Spectral Sciences, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Kodabank Employee Stock Ownership Plan in ND ($5M, 59 participants).
Which ESOP plans cover a similar participant headcount to Spectral Sciences, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Consolidated Electronic Wire & Cable Corp. Employee Stock Ownership Plan in IL (39 participants, $29M 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 042718570.

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.