ESOP · DOL Form 5500 · 2023

Speed Wrench, Inc. ESOP

Data updated 2026-08-25

$15M
Total assets Small plan by assets
161
Participants Small participant base
68th
Percentile by assets National rank
$95,368
Avg per participant Below avg balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Speed Wrench, Inc. Employee Stock Ownership Plan · Sponsored by Speed Wrench, Inc. · Michigan · Other Services

$15M in assets, 161 participants

Speed Wrench, Inc.'s Speed Wrench, Inc. Employee Stock Ownership Plan reported $15M in total assets and 161 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.

  • #6,443 in Other Services (7,857 peers)

Coverage in Michigan

Speed Wrench, Inc. Employee Stock Ownership Plan covers 161 participants in Michigan, about 25% of the average Michigan filer (state average ~638 per filing). Assets: $15M.

#6,443
in Other Services (7,857 peers)
+38.9%
assets growth YoY

Speed Wrench, Inc. Employee Stock Ownership Plan's outsized position by total assets

Speed Wrench, Inc. Employee Stock Ownership Plan vs every filed plan by assets

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

$15,354,267 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

Speed Wrench, Inc. Employee Stock Ownership Plan 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. Speed Wrench, Inc. Employee Stock Ownership Plan sits mid-pack in the medium band (161 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Speed Wrench, Inc. Employee Stock Ownership Plan reported net income rose from $2M in the plan year 2022 filing to $4M in the plan year 2023 filing.
  • Speed Wrench, Inc. Employee Stock Ownership Plan end-of-year assets rose from $11M in the plan year 2022 filing to $15M in the plan year 2023 filing.
  • Speed Wrench, Inc. Employee Stock Ownership Plan reported participants rose from 141 in the plan year 2022 filing to 161 in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 382834301 · Speed Wrench, Inc. PY 2023 · ESOP

Speed Wrench, Inc. Employee Stock Ownership Plan · $15M · 161 · 68th

  • TYPE $15M
  • NET 161
  • BOOK 68th
  • VS-ST ESOP
  • BOY near Portside Builders, Inc. Employee Stock Ownership Plan
  • SCH ind #6443

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 →

Speed Wrench, Inc. Employee Stock Ownership Plan in the asset neighbourhood

Portside Builders, Inc. Employee Stock Ownership PlanPortside Builders, Inc. Empl…$15MBeaty Holding Group, Inc. Employee Stock Ownership PlanBeaty Holding Group, Inc. Em…$15MMoore's Electrical & Mechanical Construction, Inc. Employee Stock Ownership Plan and TrustMoore's Electrical & Mechani…$15MSpeed Wrench, Inc. Employee Stock Ownership PlanSpeed Wrench, Inc. Employee …$15MHose & Rubber Supply, Inc. ESOPHose & Rubber Supply, Inc. E…$15M
End-of-year total assets ($M) among Speed Wrench, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

Michigan filing particulars

Total Assets (Beginning of Year)$11M
Net Assets (End of Year)$13M
Net Income$4M
Employer EIN382834301
Plan Effective Date2010-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Speed Wrench, Inc.)

Sponsor-wide plan assets over time

All Speed Wrench, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$27M 53.137870302966725% vs 2022
2024 filing year
$15M$20M$25M$30M 202220232024 $17.6M $26.9M ▲ +53.1%
Year Plans Participants Total Assets
2022 2 281 $18M
2023 2 313 $24M
2024 2 328 $27M

Nearby ESOP Plans in Michigan

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

Speed Wrench, Inc. 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 ($B) Participants Speed Wrench, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.015354267 · Participants: 161Speed Wrench, Inc. Employee Stock Ownership PlanMcnaughton-Mckay Electric Company Employee Stock Ownership Plan, Total assets ($B): 1.30777109 · Participants: 1635Mcnaughton-Mckay Electric Company Employee Stock Ownership PlanThe Kendall Group Employee Stock Ownership Plan, Total assets ($B): 0.808091077 · Participants: 1907The Kendall Group Employee Stock Ownership PlanProject Worldwide, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.436210284 · Participants: 1173Project Worldwide, Inc. Employee Stock Ownership PlanMotor City Electric Co. Employee Stock Ownership Plan, Total assets ($B): 0.258079249 · Participants: 207Motor City Electric Co. Employee Stock Ownership PlanLee Contracting, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.237688318 · Participants: 500Lee Contracting, Inc. Employee Stock Ownership Plan
Speed Wrench, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Michigan, assets vs. participants
Compare Speed Wrench, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

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

Outside Michigan, the nearest ESOP by assets is Portside Builders, Inc. Employee Stock Ownership Plan in WI ($15M); by covered participants it is Loureiro Engineering Associates, Inc. Employee Stock Ownership Plan in CT (161 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (161 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 Speed Wrench, Inc. Employee Stock Ownership Plan assets move in 2023? ▼
Speed Wrench, Inc. Employee Stock Ownership Plan surged - up 38.9% during 2023, from $11M to $15M. Reported net income was $4M.
How have Speed Wrench, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Speed Wrench, Inc.'s sponsor-wide assets grew 53.1%, from $18M to $27M.
Which ESOP plans are similar in size to Speed Wrench, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Portside Builders, Inc. Employee Stock Ownership Plan in WI ($15M, 55 participants).
Which ESOP plans cover a similar participant headcount to Speed Wrench, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Loureiro Engineering Associates, Inc. Employee Stock Ownership Plan in CT (161 participants, $21M 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 382834301.

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.