ESOP · DOL Form 5500 · 2022

Spectrum Solutions, Inc ESOP

Data updated 2026-08-25

$3M
Total assets Small plan by assets
115
Participants Small participant base
39th
Percentile by assets National rank
$24,011
Avg per participant Low balance/head
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Official DOL plan name: Spectrum Solutions, Inc. Employee Stock Ownership Plan · Sponsored by Spectrum Solutions, Inc · Alabama · Professional & Technical Services

$3M in assets, 115 participants

Spectrum Solutions, Inc's Spectrum Solutions, Inc. Employee Stock Ownership Plan reported $3M in total assets and 115 participants in its 2022 DOL Form 5500 filing, ranking in the 39th 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.

  • #7,761 in Professional & Technical Services (21,562 peers)

Coverage in Alabama

Spectrum Solutions, Inc. Employee Stock Ownership Plan covers 115 participants in Alabama, about 32% of the average Alabama filer (state average ~360 per filing). Assets: $3M.

#7,761
in Professional & Technical Services (21,562 peers)
+7.2%
assets growth YoY

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

Spectrum Solutions, Inc. Employee Stock Ownership Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$2,761,276 39th percentile higher than 39% of 139,123 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 2022

Spectrum Solutions, Inc. Employee Stock Ownership Plan among mid-size filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Spectrum Solutions, Inc. Employee Stock Ownership Plan sits mid-pack in the medium band (115 participants).

DOL schedule card

Filing strip 631277338 · Spectrum Solutions, Inc PY 2022 · ESOP

Spectrum Solutions, Inc. Employee Stock Ownership Plan · $3M · 115 · 39th

  • BOY $3M
  • SCH 115
  • EBSA 39th
  • PART ESOP
  • TYPE near Stuart Silk Architects Employee Stock Ownership Plan
  • NET ind #7761

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 Alabama →

Spectrum Solutions, Inc. Employee Stock Ownership Plan in the asset neighbourhood

Dma Lightning Inc. Employee Stock Ownership PlanDma Lightning Inc. Employee …$3MSf Advance Transportation Services, Inc. Employee Stock Ownership Plan and TrustSf Advance Transportation Se…$3MSpectrum Solutions, Inc. Employee Stock Ownership PlanSpectrum Solutions, Inc. Emp…$3MStuart Silk Architects Employee Stock Ownership PlanStuart Silk Architects Emplo…$3MCarpet Decorators, Inc. Employee Stock Ownership PlanCarpet Decorators, Inc. Empl…$3M
End-of-year total assets ($M) among Spectrum Solutions, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2022.

Alabama filing particulars

Total Assets (Beginning of Year)$3M
Net Assets (End of Year)$2M
Net Income$653K
Employer EIN631277338
Plan Effective Date2020-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Spectrum Solutions, Inc)

Sponsor-wide plan assets over time

All Spectrum Solutions, Inc plans reported in each filing year

Latest sponsor-wide plan assets
$12M 0.5675814941744729% vs 2022
2024 filing year
$12M$13M$14M$15M 202220232024 $12.2M $12.3M ▲ +0.6%
Year Plans Participants Total Assets
2022 2 229 $12M
2023 2 226 $14M
2024 1 131 $12M

Nearby ESOP Plans in Alabama

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

Spectrum Solutions, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Alabama, assets vs. participants Scatter plot of 6 data points. 050010001500 -1000100200300400500 Total assets ($M) Participants Spectrum Solutions, Inc. Employee Stock Ownership Plan, Total assets ($M): 2.761276 · Participants: 115Spectrum Solutions, Inc. Employee Stock Ownership PlanStarfish Holdings, Inc. Employee Stock Ownership Plan, Total assets ($M): 388.874122 · Participants: 1314Starfish Holdings, Inc. Employee Stock Ownership PlanStarfish Holdings, Inc. Employee Stock Ownership Plan, Total assets ($M): 388.874122 · Participants: 1314Starfish Holdings, Inc. Employee Stock Ownership PlanInline Electric Employee Stock Ownership Plan, Total assets ($M): 163.711693 · Participants: 231Inline Electric Employee Stock Ownership PlanSignature Homes Employee Stock Ownership Plan, Total assets ($M): 126.162 · Participants: 130Signature Homes Employee Stock Ownership PlanRadiance Technologies, Inc. Employee Stock Ownership Plan, Total assets ($M): 120.092479 · Participants: 853Radiance Technologies, Inc. Employee Stock Ownership Plan
Spectrum Solutions, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Alabama, assets vs. participants
Compare Spectrum Solutions, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

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

Outside Alabama, the nearest ESOP by assets is Stuart Silk Architects Employee Stock Ownership Plan in WA ($3M); by covered participants it is Rose & Kiernan Emp Stock Ownership Pl & Tr in NY (115 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (115 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Spectrum Solutions, Inc. Employee Stock Ownership Plan assets move in 2022? ▼
Spectrum Solutions, Inc. Employee Stock Ownership Plan grew at a solid clip - up 7.2% during 2022, from $3M to $3M. Reported net income was $653K.
How have Spectrum Solutions, Inc plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Spectrum Solutions, Inc's sponsor-wide assets grew 0.6%, from $12M to $12M.
Which ESOP plans are similar in size to Spectrum Solutions, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Stuart Silk Architects Employee Stock Ownership Plan in WA ($3M, 13 participants).
Which ESOP plans cover a similar participant headcount to Spectrum Solutions, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Rose & Kiernan Emp Stock Ownership Pl & Tr in NY (115 participants, N/A in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 631277338.

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.