401(k) · DOL Form 5500 · 2024

Systel Business Equipment Co., Inc. 401(k) Plan

Data updated 2026-08-25

$18M
Total assets Small plan by assets
215
Participants Below avg headcount
68th
Percentile by assets National rank
$83,143
Avg per participant Below avg balance/head
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Official DOL plan name: Systel Business Equipment Co., Inc. 401(k) Psp · Sponsored by Systel Business Equipment Co., Inc. · North Carolina · Real Estate

$18M in assets, 215 participants

Systel Business Equipment Co., Inc.'s Systel Business Equipment Co., Inc. 401(k) Psp reported $18M in total assets and 215 participants in its 2024 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.

  • #3,814 in Real Estate (4,605 peers)

Coverage in North Carolina

Systel Business Equipment Co., Inc. 401(k) Psp covers 215 participants in North Carolina, about 26% of the average North Carolina filer (state average ~819 per filing). Assets: $18M.

#3,814
in Real Estate (4,605 peers)
+12.6%
assets growth YoY

Systel Business Equipment Co., Inc. 401(k) Psp's outsized position by total assets

Systel Business Equipment Co., Inc. 401(k) Psp vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$17,875,673 Top 32% higher than 68% of 123,620 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 2024

Systel Business Equipment Co., Inc. 401(k) Psp among mid-size filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Systel Business Equipment Co., Inc. 401(k) Psp sits mid-pack in the medium band (215 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Systel Business Equipment Co., Inc. 401(k) Psp reported net income fell from $2M in the plan year 2023 filing to $2M in the plan year 2024 filing.
  • Systel Business Equipment Co., Inc. 401(k) Psp end-of-year assets rose from $16M in the plan year 2023 filing to $18M in the plan year 2024 filing.
  • Systel Business Equipment Co., Inc. 401(k) Psp reported participants fell from 219 in the plan year 2023 filing to 215 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Published 5500 schedule card

Filing strip 561313968 · Systel Business Equipment Co., Inc. PY 2024 · 401(k)

Systel Business Equipment Co., Inc. 401(k) Psp · $18M · 215 · 68th

  • RANK $18M
  • RANK 215
  • RANK 68th
  • RANK 401(k)
  • RANK near Hanwha Azdel, Inc. Employee Savings Plan
  • RANK ind #3814

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 Real Estate retirement plans → · Plans in North Carolina →

Systel Business Equipment Co., Inc. 401(k) Psp in the asset neighbourhood

Systel Business Equipment Co., Inc. 401(k) PspSystel Business Equipment Co…$18MHanwha Azdel, Inc. Employee Savings PlanHanwha Azdel, Inc. Employee …$18MAceto US, LLC 401(k) Retirement PlanAceto US, LLC 401(k) Retirem…$18MPacific Cheese Co., Inc. 401(k) Retirement PlanPacific Cheese Co., Inc. 401…$18MInterlake Mecalux Inc 401(k) Profit Sharing Plan and TrustInterlake Mecalux Inc 401(k)…$18M
End-of-year total assets ($M) among Systel Business Equipment Co., Inc. 401(k) Psp and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

North Carolina filing particulars

Total Assets (Beginning of Year)$16M
Net Assets (End of Year)$18M
Net Income$2M
Employer EIN561313968
Plan Effective Date1993-04-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Systel Business Equipment Co., Inc.)

Sponsor-wide plan assets over time

All Systel Business Equipment Co., Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$18M 31.66063959840561% vs 2022
2024 filing year
$12M$14M$16M$18M$20M 202220232024 $13.6M $17.9M ▲ +31.7%
Year Plans Participants Total Assets
2022 1 213 $14M
2023 1 219 $16M
2024 1 215 $18M

Nearby 401(k) Plans in North Carolina

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Systel Business Equipment Co., Inc. 401(k) Psp vs. nearby 401(k) plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000 -20020406080 Total assets ($B) Participants Systel Business Equipment Co., Inc. 401(k) Psp, Total assets ($B): 0.017875673 · Participants: 215Systel Business Equipment Co., Inc. 401(k) PspThe Bank of America 401(k) Plan, Total assets ($B): 62.902405616 · Participants: 168963The Bank of America 401(k) PlanHoneywell 401(k) Plan, Total assets ($B): 16.316486587 · Participants: 39468Honeywell 401(k) PlanDuke Energy Retirement Savings Plan, Total assets ($B): 11.269744 · Participants: 27341Duke Energy Retirement Savings PlanNucor Corporation Profit Sharing and Retirement Savings Plan, Total assets ($B): 9.349291649 · Participants: 27070Nucor Corporation Profit Sharing and Retirement Savings PlanTruist Financial Corporation 401(k) Savings Plan, Total assets ($B): 9.231001739 · Participants: 52699Truist Financial Corporation 401(k) Savings Plan
Systel Business Equipment Co., Inc. 401(k) Psp vs. nearby 401(k) plans in North Carolina, assets vs. participants
Compare Systel Business Equipment Co., Inc. 401(k) Psp side-by-side with 3 peers →

Systel Business Equipment Co., Inc. 401(k) Psp's out-of-state 401(k) peers by assets and headcount

Outside North Carolina, the nearest 401(k) by assets is Hanwha Azdel, Inc. Employee Savings Plan in VA ($18M); by covered participants it is Caran Precision Eng. & Mfg. Corp. Retirement Savings Plan in CA (215 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (215 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Systel Business Equipment Co., Inc. 401(k) Psp assets move in 2024? ▼
Systel Business Equipment Co., Inc. 401(k) Psp grew at a solid clip - up 12.6% during 2024, from $16M to $18M. Reported net income was $2M.
How have Systel Business Equipment Co., Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Systel Business Equipment Co., Inc.'s sponsor-wide assets grew 31.7%, from $14M to $18M.
Which 401(k) plans are similar in size to Systel Business Equipment Co., Inc. 401(k) Psp? ▼
Among 401(k) plans in other states, the closest by assets is Hanwha Azdel, Inc. Employee Savings Plan in VA ($18M, 217 participants).
Which 401(k) plans cover a similar participant headcount to Systel Business Equipment Co., Inc. 401(k) Psp? ▼
Among 401(k) plans in other states, the closest by covered participants is Caran Precision Eng. & Mfg. Corp. Retirement Savings Plan in CA (215 participants, $16M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 561313968.

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.