ESOP · DOL Form 5500 · 2023
Qspec Solutions, Incorporated ESOP
Data updated 2026-08-25
- $569K
- Total assets Small plan by assets
- 19
- Participants Small participant base
- 19th
- Percentile by assets National rank
- $29,922
- Avg per participant Low balance/head
Official DOL plan name: Qspec Solutions Employee Stock Ownership Plan · Sponsored by Qspec Solutions, Incorporated · Kansas · Professional & Technical Services
$569K in assets, 19 participants
Qspec Solutions, Incorporated's Qspec Solutions Employee Stock Ownership Plan reported $569K in total assets and 19 participants in its 2023 DOL Form 5500 filing, ranking in the 19th 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.
- #2,888 in Professional & Technical Services (20,321 peers)
Qspec Solutions, Incorporated multi-year trail
Qspec Solutions, Incorporated's plans moved +30.3% in assets from 2022 to 2024; this filing shows Qspec Solutions Employee Stock Ownership Plan at $569K / 19 participants.
- #2,888
- in Professional & Technical Services (20,321 peers)
- -38.1%
- assets change YoY
The plan reported a net loss of $213K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Qspec Solutions Employee Stock Ownership Plan among the smaller filed plans by assets
Qspec Solutions Employee Stock Ownership Plan vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$568,521 19th percentile higher than 19% of 127,068 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023
Qspec Solutions 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. Qspec Solutions Employee Stock Ownership Plan is a small filing (19 participants) on this national headcount ladder.
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Qspec Solutions Employee Stock Ownership Plan reported net income fell from $373K in the plan year 2022 filing to -$213K in the plan year 2023 filing.
- Qspec Solutions Employee Stock Ownership Plan end-of-year assets fell from $919K in the plan year 2022 filing to $569K in the plan year 2023 filing.
- Qspec Solutions Employee Stock Ownership Plan reported participants fell from 23 in the plan year 2022 filing to 19 in the plan year 2023 filing.
DOL schedule card
Filing strip 481221332 · Qspec Solutions, Incorporated PY 2023 · ESOP
Qspec Solutions Employee Stock Ownership Plan · $569K · 19 · 19th
- EIN $569K
- RANK 19
- PHOTO 19th
- IND ESOP
- EOY near North Salem State Bank Employee Stock Ownership Plan
- 5500 ind #2888
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 Kansas →
Qspec Solutions Employee Stock Ownership Plan in the asset neighbourhood
Qspec Solutions, Incorporated multi-year asset trail
Sponsor-wide plan assets over time
All Qspec Solutions, Incorporated plans reported in each filing year
- Latest sponsor-wide plan assets
- $1M 30.280893006408473% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 23 | $919K |
| 2023 | 1 | 19 | $569K |
| 2024 | 1 | 19 | $1M |
Qspec Solutions, Incorporated filing trail (2023)
| Total Assets (Beginning of Year) | $919K |
|---|---|
| Net Assets (End of Year) | $162K |
| Net Income | -$213K |
| Employer EIN | 481221332 |
| Plan Effective Date | 2020-01-01 |
| Filing Status | FILING RECEIVED |
Nearby ESOP Plans in Kansas
Peer ESOP plans, same state, same plan type, ranked by total assets.
- Pbi-Gordon Companies, Inc. Employee Stock Ownership Plan $359M · 488
- Harcros Chemicals, Inc. Employee Stock Ownership Plan $296M · 549
- Mmc Corp Employee Stock Ownership Plan $240M · 754
- Globe Engineering Co Inc Employee Stock Ownership Plan and Trust $136M · 236
- Inland Truck Parts Company Employee Stock Ownership Plan and Trust $99M · 665
Qspec Solutions Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount
Outside Kansas, the nearest ESOP by assets is North Salem State Bank Employee Stock Ownership Plan in IN ($570K); by covered participants it is Ritchie Industries, Inc. Employee Stock Ownership Plan in IA (19 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($569K here).
- North Salem State Bank Employee Stock Ownership Plan (IN) $570K · 74
- Axis Interior Systems, Inc. Employee Stock Ownership Plan (OH) $567K · 29
- Custom Dental Management, Inc. Employee Stock Ownership Plan (MO) $571K · 41
- Southland Dairy Equipment Company Inc. Employee Stock Ownership Plan (NM) $571K · 14
Similar participant headcount
Nearest other-state filings by covered participants (19 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.