ESOP · DOL Form 5500 · 2023
Re/Spec Inc. ESOP
Data updated 2026-08-11
- $43M
- Total assets
- 471
- Participants
- 84th
- Percentile by assets
- $91,526
- Avg per participant
Official DOL plan name: Re/Spec Inc. Employee Stock Ownership Plan · Sponsored by Re/Spec Inc. · South Dakota · Professional & Technical Services
$43M in assets, 471 participants
Re/Spec Inc.'s Re/Spec Inc. Employee Stock Ownership Plan reported $43M in total assets and 471 participants in its 2023 DOL Form 5500 filing, ranking in the 84th 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.
- 84th percentile by assets (of 127,072 plans)
- #17,261 in Professional & Technical Services (20,321 peers)
Where Re/Spec Inc. Employee Stock Ownership Plan sits by assets
Re/Spec Inc. Employee Stock Ownership Plan sits in the top quartile of all filed plans by assets, $43M for 471 participants (~$91,526/participant), up 9.7% in 2023.
- $43M
- total plan assets (2023 EOY)
- 471
- covered participants
- 84th
- percentile by assets (of 127,072 plans)
- $91,526
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Re/Spec Inc. Employee Stock Ownership Plan reported net income rose from -$319K in the plan year 2022 filing to $4M in the plan year 2023 filing.
- Re/Spec Inc. Employee Stock Ownership Plan end-of-year assets rose from $39M in the plan year 2022 filing to $43M in the plan year 2023 filing.
- Re/Spec Inc. Employee Stock Ownership Plan reported participants fell from 516 in the plan year 2022 filing to 471 in the plan year 2023 filing.
Re/Spec Inc. Employee Stock Ownership Plan vs the 2023 asset distribution
By assets, Re/Spec Inc. Employee Stock Ownership Plan outranks 84% of the 127,072 plans that filed a Form 5500 for the 2023 plan year, and holds roughly 0.4x the national average plan size of $100M (721 average participants).
Scale-class filing particulars (2023)
| Total Assets (Beginning of Year) | $39M |
|---|---|
| Net Assets (End of Year) | $43M |
| Net Income | $4M |
| Employer EIN | 460315848 |
| Plan Effective Date | 1991-07-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Re/Spec Inc.)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 969 | $89M |
| 2023 | 2 | 952 | $103M |
| 2024 | 2 | 991 | $112M |
Nearby ESOP Plans in South Dakota
Peer ESOP plans, same state, same plan type, ranked by total assets.
Re/Spec Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in South Dakota, assets vs. participants
- Showplace Wood Products, Inc. Employee Stock Ownership Plan $99M · 506
- Fishback Financial Corporation Employee Stock Ownership Plan $52M · 713
- Bierschbach Equipment & Supply Co., Inc. Employee Stock Ownership Plan $44M · 83
- The Ramkota Companies, Inc. Employee Stock Ownership Plan and Trust $39M · 112
- Vps Employee Stock Ownership Plan $27M · 340
Similar-Sized ESOP Plans Nationally
ESOP plans in other states closest to Re/Spec Inc. Employee Stock Ownership Plan by total assets, not by location.
- Sechan Electronics, Inc. Employee Stock Ownership Plan (PA) $43M · 271
- Advanced Process Technologies, Inc. Employee Stock Ownership Plan and Trust (MN) $43M · 109
- Abbey Paving and Sealcoating Co. Employee Stock Ownership Plan (IL) $43M · 155
- Zink Foodservice Group, Inc. Employee Stock Ownership Plan and Trust (OH) $43M · 83
Frequently Asked Questions
How did Re/Spec Inc. Employee Stock Ownership Plan assets move in 2023? ▼
How have Re/Spec Inc. plan assets changed over time? ▼
Where does Re/Spec Inc. Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
Which ESOP plans are similar in size to Re/Spec Inc. Employee Stock Ownership Plan? ▼
Next read for Re/Spec Inc. Employee Stock Ownership Pl…
Scale reading
Ways to act on Re/Spec Inc. Employee Stock Ownership Plan's numbers.
- By total assets, Re/Spec Inc. Employee Stock Ownership Plan ranks in the top quartile of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar ESOP plans in South Dakota. Compare plans
- Re/Spec Inc.'s sponsor-wide assets have grown 26.2% since 2022 across 3 plan years on file. More Professional & Technical Services plans